Banco Santander S.A. Purchases New Stake in Commvault Systems, Inc. (NASDAQ:CVLT)

Banco Santander S.A. bought a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,518 shares of the software maker’s stock, valued at approximately $833,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new stake in Commvault Systems during the 3rd quarter worth approximately $33,000. TFC Financial Management Inc. boosted its position in shares of Commvault Systems by 294.1% during the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock valued at $61,000 after buying an additional 300 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Commvault Systems during the third quarter worth $71,000. TD Private Client Wealth LLC purchased a new stake in Commvault Systems in the 3rd quarter valued at $105,000. Finally, Blue Trust Inc. lifted its stake in Commvault Systems by 37,400.0% during the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock valued at $113,000 after acquiring an additional 748 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

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

Commvault Systems Trading Down 2.3 %

Commvault Systems stock opened at $154.26 on Monday. Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.11. The business’s 50 day simple moving average is $165.27 and its 200 day simple moving average is $160.50. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 40.49 and a beta of 0.62.

Insider Activity

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

Commvault Systems Profile

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.