Mutual of America Capital Management LLC Sells 3,345 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Mutual of America Capital Management LLC trimmed its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLTGet Rating) by 8.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,294 shares of the software maker’s stock after selling 3,345 shares during the period. Mutual of America Capital Management LLC owned 0.08% of Commvault Systems worth $2,346,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Qube Research & Technologies Ltd bought a new stake in shares of Commvault Systems during the first quarter worth approximately $1,156,000. Strengthening Families & Communities LLC raised its stake in shares of Commvault Systems by 3.1% during the second quarter. Strengthening Families & Communities LLC now owns 8,074 shares of the software maker’s stock worth $534,000 after buying an additional 246 shares during the last quarter. American Trust raised its stake in shares of Commvault Systems by 5.9% during the first quarter. American Trust now owns 4,424 shares of the software maker’s stock worth $294,000 after buying an additional 247 shares during the last quarter. FCF Advisors LLC raised its stake in shares of Commvault Systems by 69.1% during the second quarter. FCF Advisors LLC now owns 13,352 shares of the software maker’s stock worth $840,000 after buying an additional 5,454 shares during the last quarter. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Commvault Systems during the second quarter worth approximately $65,000. 93.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on CVLT. Royal Bank of Canada boosted their price target on shares of Commvault Systems from $63.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 2nd. Wells Fargo & Company lowered their target price on shares of Commvault Systems to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. William Blair reaffirmed a “market perform” rating on shares of Commvault Systems in a research note on Wednesday, November 2nd. Lake Street Capital lowered their target price on shares of Commvault Systems from $68.00 to $64.00 in a research note on Wednesday, July 27th. Finally, StockNews.com initiated coverage on shares of Commvault Systems in a research note on Wednesday, October 12th. They issued a “strong-buy” rating for the company. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.50.

Commvault Systems Stock Performance

Shares of NASDAQ:CVLT opened at $64.96 on Wednesday. Commvault Systems, Inc. has a 52 week low of $50.26 and a 52 week high of $70.88. The company has a market capitalization of $2.89 billion, a PE ratio of 116.00, a PEG ratio of 7.47 and a beta of 0.56. The company has a 50 day moving average price of $58.25 and a two-hundred day moving average price of $58.97.

Commvault Systems Company Profile

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Commvault Systems, Inc provides data protection and information management software applications and related services 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; and Commvault Complete Data Protection, a data protection solution.

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Institutional Ownership by Quarter for Commvault Systems (NASDAQ:CVLT)

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