Los Angeles Capital Management LLC Purchases 8,613 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Los Angeles Capital Management LLC grew its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 31.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,322 shares of the software maker’s stock after acquiring an additional 8,613 shares during the quarter. Los Angeles Capital Management LLC owned about 0.08% of Commvault Systems worth $5,481,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in Commvault Systems by 3.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker’s stock worth $296,000 after acquiring an additional 66 shares during the period. CIBC Asset Management Inc lifted its holdings in Commvault Systems by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,413 shares of the software maker’s stock worth $213,000 after buying an additional 75 shares during the period. GAMMA Investing LLC lifted its holdings in Commvault Systems by 13.7% during the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock worth $152,000 after buying an additional 121 shares during the period. New York State Common Retirement Fund boosted its position in Commvault Systems by 1.0% during the 4th quarter. New York State Common Retirement Fund now owns 13,713 shares of the software maker’s stock valued at $2,069,000 after acquiring an additional 141 shares in the last quarter. Finally, OLD National Bancorp IN increased its holdings in shares of Commvault Systems by 7.1% in the 4th quarter. OLD National Bancorp IN now owns 2,187 shares of the software maker’s stock valued at $330,000 after acquiring an additional 145 shares during the period. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CVLT shares. Oppenheimer began coverage on Commvault Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price objective for the company. StockNews.com raised shares of Commvault Systems from a “hold” rating to a “buy” rating in a research report on Tuesday. KeyCorp lifted 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. Guggenheim reiterated a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. Finally, Cantor Fitzgerald raised their price objective on Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.44.

Insiders Place Their Bets

In related news, insider Gary Merrill sold 3,287 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $172.50, for a total transaction of $212,520.00. Following the sale, the director now owns 5,899 shares of the company’s stock, valued at approximately $1,017,577.50. The trade was a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,837 shares of company stock valued at $3,117,647. 1.00% of the stock is owned by company insiders.

Commvault Systems Price Performance

Shares of CVLT opened at $171.85 on Thursday. The company’s fifty day moving average price is $164.04 and its 200-day moving average price is $159.66. Commvault Systems, Inc. has a 1-year low of $93.48 and a 1-year high of $190.11. The firm has a market capitalization of $7.56 billion, a PE ratio of 45.11 and a beta of 0.65.

Commvault Systems Company 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.