Robeco Institutional Asset Management B.V. Boosts Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Robeco Institutional Asset Management B.V. increased its stake in Commvault Systems, Inc. (NASDAQ:CVLT) by 295.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,089 shares of the software maker’s stock after purchasing an additional 42,643 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Commvault Systems worth $8,615,000 at the end of the most recent quarter.

Other hedge funds 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 4th quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker’s stock worth $296,000 after purchasing an additional 66 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Commvault Systems by 13.7% in the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock worth $152,000 after acquiring an additional 121 shares during the last quarter. Lindenwold Advisors INC boosted its position in Commvault Systems by 2.4% during the third quarter. Lindenwold Advisors INC now owns 7,028 shares of the software maker’s stock valued at $1,081,000 after buying an additional 164 shares during the period. Signaturefd LLC increased its stake in Commvault Systems by 43.9% in the 3rd quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock worth $91,000 after purchasing an additional 180 shares during the period. Finally, Ellsworth Advisors LLC increased its stake in shares of Commvault Systems by 4.4% in the third quarter. Ellsworth Advisors LLC now owns 4,252 shares of the software maker’s stock worth $654,000 after buying an additional 181 shares during the period. 93.50% of the stock is currently owned by institutional investors.

Commvault Systems Stock Up 0.9 %

Shares of CVLT stock opened at $159.26 on Friday. The stock’s 50-day moving average price is $162.55 and its 200 day moving average price is $154.41. Commvault Systems, Inc. has a 52-week low of $88.34 and a 52-week high of $178.72. The stock has a market capitalization of $6.96 billion, a PE ratio of 41.80 and a beta of 0.65.

Analyst Ratings Changes

Several analysts have commented on the stock. Oppenheimer assumed coverage on shares of Commvault Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price objective for the company. StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. Royal Bank of Canada raised their price objective on Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a research note on Wednesday. Finally, KeyCorp upped their price objective on Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday. Five 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, Commvault Systems presently has an average rating of “Moderate Buy” and an average price target of $156.44.

Insiders Place Their Bets

In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the completion of the transaction, the director now directly owns 5,899 shares in the company, valued at approximately $1,017,577.50. The trade was a 17.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mirchandani sold 10,775 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the completion of the sale, the chief executive officer now directly owns 459,969 shares in the company, valued at $76,032,875.70. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,530 shares of company stock worth $2,244,755. 1.00% of the stock is owned by corporate insiders.

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.