Illinois Municipal Retirement Fund Buys New Shares in Commvault Systems, Inc. (NASDAQ:CVLT)

Illinois Municipal Retirement Fund purchased a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,857 shares of the software maker’s stock, valued at approximately $733,000.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CVLT shares. Cantor Fitzgerald increased their target price on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com raised shares of Commvault Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. KeyCorp lifted their target price on shares of Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Oppenheimer began coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price target for the company. Finally, Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Commvault Systems 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 $164.21 on Tuesday. The company’s fifty day moving average price is $164.90 and its two-hundred day moving average price is $160.19. The firm has a market capitalization of $7.22 billion, a P/E ratio of 43.10 and a beta of 0.65. Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.11.

Insider Transactions at Commvault Systems

In other Commvault Systems news, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 $16,322,853.04. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of the company’s stock in a transaction that occurred 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 directly owns 427,231 shares in the company, valued at approximately $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. Corporate insiders own 1.00% of the company’s stock.

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.