Callan Family Office LLC Purchases New Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Callan Family Office LLC purchased a new stake in Commvault Systems, Inc. (NASDAQ:CVLT) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,565 shares of the software maker’s stock, valued at approximately $236,000.

Several other large investors have also made changes to their positions in CVLT. Allspring Global Investments Holdings LLC grew its stake in shares of Commvault Systems by 604.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker’s stock valued at $98,479,000 after buying an additional 555,656 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new stake in Commvault Systems during the third quarter worth approximately $67,722,000. Charles Schwab Investment Management Inc. boosted its position in Commvault Systems by 25.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock worth $90,278,000 after purchasing an additional 120,779 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new stake in Commvault Systems during the third quarter worth approximately $15,264,000. Finally, FMR LLC boosted its position in Commvault Systems by 26.1% during the third quarter. FMR LLC now owns 466,315 shares of the software maker’s stock worth $71,743,000 after purchasing an additional 96,525 shares during the period. Institutional investors own 93.50% of the company’s stock.

Commvault Systems Stock Up 2.3 %

Shares of CVLT stock opened at $151.95 on Wednesday. Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.11. The firm has a market cap of $6.69 billion, a PE ratio of 39.88 and a beta of 0.62. The stock has a 50 day moving average of $165.24 and a 200-day moving average of $160.50.

Analyst Upgrades and Downgrades

CVLT has been the subject of a number of recent analyst reports. StockNews.com raised Commvault Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. Cantor Fitzgerald upped their target price on Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Oppenheimer initiated coverage on Commvault Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 target price for the company. Finally, KeyCorp upped their target price on Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.44.

Insider Activity at Commvault Systems

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

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.