Commvault Systems, Inc. (NASDAQ:CVLT) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 31.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 33,081 shares of the software maker’s stock after acquiring an additional 7,878 shares during the period. Teacher Retirement System of Texas’ holdings in Commvault Systems were worth $4,992,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caprock Group LLC acquired a new stake in shares of Commvault Systems during the third quarter valued at about $249,000. Jennison Associates LLC purchased a new position in Commvault Systems in the third quarter valued at about $1,194,000. Intech Investment Management LLC grew its stake in Commvault Systems by 31.8% during the 3rd quarter. Intech Investment Management LLC now owns 24,074 shares of the software maker’s stock valued at $3,704,000 after purchasing an additional 5,805 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Commvault Systems by 25.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock worth $90,278,000 after purchasing an additional 120,779 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of Commvault Systems by 146.0% in the 3rd quarter. Citigroup Inc. now owns 47,867 shares of the software maker’s stock valued at $7,364,000 after purchasing an additional 28,408 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sanjay Mirchandani sold 12,318 shares of the 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 owns 427,231 shares of the company’s stock, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total transaction of $614,471.78. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

CVLT has been the subject of a number of recent analyst reports. Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. KeyCorp boosted their target price on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. StockNews.com upgraded Commvault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Cantor Fitzgerald upped their price objective on Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.44.

Commvault Systems Stock Down 0.4 %

Shares of CVLT stock opened at $161.52 on Monday. The company has a market cap of $7.11 billion, a P/E ratio of 42.39 and a beta of 0.62. The business has a 50 day moving average of $165.77 and a two-hundred day moving average of $160.89. Commvault Systems, Inc. has a 52 week low of $93.48 and a 52 week high of $190.11.

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.