Securian Asset Management Inc. Has $499,000 Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Securian Asset Management Inc. reduced its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,305 shares of the software maker’s stock after selling 111 shares during the quarter. Securian Asset Management Inc.’s holdings in Commvault Systems were worth $499,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CVLT. HighTower Advisors LLC raised its position in shares of Commvault Systems by 6.6% during the fourth quarter. HighTower Advisors LLC now owns 14,116 shares of the software maker’s stock valued at $2,130,000 after buying an additional 878 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in Commvault Systems in the 4th quarter valued at approximately $237,000. AlphaQuest LLC grew its holdings in shares of Commvault Systems by 69.1% during the 4th quarter. AlphaQuest LLC now owns 1,023 shares of the software maker’s stock worth $154,000 after purchasing an additional 418 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Commvault Systems by 4.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,439 shares of the software maker’s stock valued at $368,000 after purchasing an additional 93 shares during the period. Finally, Banco Santander S.A. acquired a new position in shares of Commvault Systems in the fourth quarter valued at $833,000. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Commvault Systems

In related news, CEO Sanjay Mirchandani sold 12,318 shares of the firm’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 sale, the chief executive officer now owns 427,231 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. Also, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction 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 completion of the sale, the insider now directly owns 87,316 shares of the company’s stock, valued at $16,322,853.04. This trade represents a 3.63 % 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.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CVLT shares. Cantor Fitzgerald lifted their price target 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. Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. KeyCorp lifted their price objective on Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. StockNews.com raised Commvault Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, William Blair upgraded Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $156.44.

Commvault Systems Stock Performance

Commvault Systems stock opened at $160.56 on Tuesday. Commvault Systems, Inc. has a 52 week low of $93.48 and a 52 week high of $190.11. The firm has a market cap of $7.06 billion, a P/E ratio of 42.14 and a beta of 0.62. The business’s fifty day moving average is $165.22 and its two-hundred day moving average is $160.60.

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.