Schroder Investment Management Group Reduces Stake in Commvault Systems, Inc. (NASDAQ:CVLT)

Schroder Investment Management Group lowered its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,699 shares of the software maker’s stock after selling 9,468 shares during the period. Schroder Investment Management Group’s holdings in Commvault Systems were worth $15,376,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in Commvault Systems by 3.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker’s stock valued at $296,000 after purchasing an additional 66 shares during the period. CIBC Asset Management Inc grew its stake in shares of Commvault Systems by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,413 shares of the software maker’s stock worth $213,000 after acquiring an additional 75 shares during the period. PNC Financial Services Group Inc. increased its holdings in Commvault Systems by 4.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,439 shares of the software maker’s stock worth $368,000 after acquiring an additional 93 shares during the last quarter. GAMMA Investing LLC raised its stake in Commvault Systems by 13.7% in the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock valued at $152,000 after acquiring an additional 121 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Commvault Systems by 1.0% during the fourth quarter. New York State Common Retirement Fund now owns 13,713 shares of the software maker’s stock valued at $2,069,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Commvault Systems Stock Down 8.1 %

Commvault Systems stock opened at $152.89 on Friday. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 40.13 and a beta of 0.62. The business has a 50-day simple moving average of $166.28 and a 200 day simple moving average of $161.86. Commvault Systems, Inc. has a 52 week low of $93.48 and a 52 week high of $190.11.

Insider Transactions at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the sale, the chief executive officer now directly owns 427,231 shares in the company, valued at $79,447,876.76. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gary Merrill sold 3,287 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total transaction of $614,471.78. Following the completion of the transaction, the insider now directly owns 87,316 shares in the company, valued at $16,322,853.04. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CVLT has been the topic of several research reports. William Blair raised shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. StockNews.com raised shares of Commvault Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. KeyCorp lifted their price target on Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Cantor Fitzgerald raised their target price on Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Commvault Systems currently has an average rating of “Moderate Buy” and a consensus price target of $156.44.

About Commvault Systems

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.