Globeflex Capital L P Increases Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Globeflex Capital L P boosted its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,972 shares of the software maker’s stock after purchasing an additional 891 shares during the period. Globeflex Capital L P’s holdings in Commvault Systems were worth $1,958,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CVLT. Charles Schwab Investment Management Inc. increased its position in shares of Commvault Systems by 25.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock worth $90,278,000 after acquiring an additional 120,779 shares in the last quarter. Summit Partners Public Asset Management LLC acquired a new position in Commvault Systems during the 3rd quarter worth $67,722,000. Point72 Hong Kong Ltd grew its holdings in Commvault Systems by 37.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 23,421 shares of the software maker’s stock worth $3,603,000 after acquiring an additional 6,433 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Commvault Systems by 31.8% in the 3rd quarter. Intech Investment Management LLC now owns 24,074 shares of the software maker’s stock worth $3,704,000 after buying an additional 5,805 shares during the last quarter. Finally, Centiva Capital LP lifted its position in shares of Commvault Systems by 193.2% in the 3rd quarter. Centiva Capital LP now owns 8,567 shares of the software maker’s stock worth $1,318,000 after buying an additional 5,645 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sanjay Mirchandani sold 12,318 shares of the firm’s 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 transaction, the chief executive officer now owns 427,231 shares in the company, valued at approximately $79,447,876.76. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction dated Wednesday, February 19th. The shares were 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 owns 87,316 shares in the company, valued at approximately $16,322,853.04. This represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on CVLT shares. Cantor Fitzgerald lifted their price objective on shares of Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research 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. Guggenheim reiterated a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. KeyCorp boosted their target price 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. Finally, William Blair raised shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.44.

Commvault Systems Price Performance

Shares of Commvault Systems stock opened at $159.17 on Friday. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 41.78 and a beta of 0.62. The business has a fifty day simple moving average of $165.22 and a two-hundred day simple moving average of $160.41. Commvault Systems, Inc. has a 1 year low of $93.48 and a 1 year high of $190.11.

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.