Vanguard Group Inc. Boosts Stake in Commvault Systems, Inc. (NASDAQ:CVLT)

Vanguard Group Inc. lifted its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,636,559 shares of the software maker’s stock after buying an additional 54,562 shares during the period. Vanguard Group Inc. owned approximately 12.81% of Commvault Systems worth $850,613,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CVLT. TFC Financial Management Inc. boosted its holdings in shares of Commvault Systems by 294.1% during the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock valued at $61,000 after acquiring an additional 300 shares during the last quarter. Point72 DIFC Ltd bought a new position in Commvault Systems during the third quarter valued at approximately $71,000. TD Private Client Wealth LLC purchased a new stake in Commvault Systems in the third quarter worth approximately $105,000. Blue Trust Inc. grew its position in Commvault Systems by 37,400.0% in the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock worth $113,000 after purchasing an additional 748 shares during the period. Finally, GAMMA Investing LLC raised its stake in Commvault Systems by 13.7% during the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock valued at $152,000 after buying an additional 121 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the sale, the chief executive officer now directly owns 427,231 shares of the company’s stock, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total transaction of $614,471.78. Following the sale, the insider now owns 87,316 shares in the company, valued at approximately $16,322,853.04. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

CVLT has been the subject of several research analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. Cantor Fitzgerald boosted their price target on Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Commvault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Finally, KeyCorp increased their price target on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.44.

Commvault Systems Price Performance

Shares of CVLT stock opened at $161.98 on Friday. Commvault Systems, Inc. has a one year low of $93.48 and a one year high of $190.11. The company’s fifty day moving average price is $166.47 and its 200-day moving average price is $161.60. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 42.51 and a beta of 0.62.

About Commvault Systems

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.