2,957 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Acquired by Lingohr Asset Management GmbH

Lingohr Asset Management GmbH purchased a new stake in Commvault Systems, Inc. (NASDAQ:CVLT) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,957 shares of the software maker’s stock, valued at approximately $447,000.

A number of other hedge funds also recently made changes to their positions in CVLT. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Commvault Systems during the third quarter valued at approximately $1,167,000. KBC Group NV grew its position in shares of Commvault Systems by 32.4% during the third quarter. KBC Group NV now owns 1,132 shares of the software maker’s stock worth $174,000 after buying an additional 277 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Commvault Systems during the third quarter worth approximately $206,000. Caprock Group LLC acquired a new stake in shares of Commvault Systems during the third quarter worth approximately $249,000. Finally, Jennison Associates LLC acquired a new stake in shares of Commvault Systems during the third quarter worth approximately $1,194,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Commvault Systems Stock Up 2.7 %

Shares of NASDAQ CVLT opened at $165.39 on Thursday. Commvault Systems, Inc. has a fifty-two week low of $93.48 and a fifty-two week high of $190.11. The firm’s 50-day simple moving average is $165.53 and its 200 day simple moving average is $160.68. The stock has a market cap of $7.28 billion, a P/E ratio of 43.41 and a beta of 0.62.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. KeyCorp lifted their price objective 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. Cantor Fitzgerald lifted their price objective on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. StockNews.com raised shares of Commvault Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. Finally, William Blair raised shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Five equities research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.44.

Insider Activity at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the business’s stock in a transaction dated 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary Merrill sold 3,287 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total value of $614,471.78. Following the sale, the insider now owns 87,316 shares in the company, valued at approximately $16,322,853.04. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.