Commvault Systems, Inc. (NASDAQ:CVLT) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 105.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,411 shares of the software maker’s stock after buying an additional 25,337 shares during the quarter. Intech Investment Management LLC’s holdings in Commvault Systems were worth $7,457,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. TFC Financial Management Inc. boosted its position in Commvault Systems by 294.1% in the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock valued at $61,000 after buying an additional 300 shares during the period. Point72 DIFC Ltd acquired a new position in Commvault Systems during the 3rd quarter worth $71,000. TD Private Client Wealth LLC acquired a new position in Commvault Systems during the 3rd quarter worth $105,000. Blue Trust Inc. increased its holdings in Commvault Systems by 37,400.0% during the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock worth $113,000 after purchasing an additional 748 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in Commvault Systems in the 3rd quarter valued at about $126,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Transactions 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 stock was sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the transaction, the chief executive officer now owns 427,231 shares in the company, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 3,287 shares of the business’s 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 completion of the sale, the insider now owns 87,316 shares of the company’s stock, 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. Insiders own 1.00% of the company’s stock.

Commvault Systems Price Performance

Shares of CVLT opened at $161.09 on Wednesday. Commvault Systems, Inc. has a 1-year low of $93.48 and a 1-year high of $190.11. The stock has a market cap of $7.09 billion, a PE ratio of 42.28 and a beta of 0.62. The firm has a fifty day moving average price of $165.38 and a 200 day moving average price of $160.64.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. KeyCorp upped their target price on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a research note 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. William Blair raised shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Cantor Fitzgerald increased their target price on Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Commvault Systems presently has an average rating of “Moderate Buy” and a consensus price target of $156.44.

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.