Arizona State Retirement System Buys 470 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Arizona State Retirement System grew its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT – Get Rating) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,379 shares of the software maker’s stock after buying an additional 470 shares during the period. Arizona State Retirement System’s holdings in Commvault Systems were worth $715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gagnon Securities LLC purchased a new stake in shares of Commvault Systems during the fourth quarter valued at $227,000. Envestnet Asset Management Inc. grew its holdings in Commvault Systems by 6.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 34,673 shares of the software maker’s stock worth $2,179,000 after acquiring an additional 2,211 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Commvault Systems by 21.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 17,222 shares of the software maker’s stock worth $1,082,000 after acquiring an additional 3,039 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Commvault Systems by 334.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,566 shares of the software maker’s stock worth $538,000 after acquiring an additional 6,596 shares in the last quarter. Finally, Strengthening Families & Communities LLC grew its holdings in Commvault Systems by 3.7% during the 4th quarter. Strengthening Families & Communities LLC now owns 8,916 shares of the software maker’s stock worth $561,000 after acquiring an additional 317 shares in the last quarter. Institutional investors own 88.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CVLT shares. Piper Sandler lifted their target price on shares of Commvault Systems from $60.00 to $65.00 in a report on Wednesday, May 3rd. 51job restated a “maintains” rating on shares of Commvault Systems in a report on Wednesday, May 3rd. StockNews.com started coverage on shares of Commvault Systems in a report on Thursday, March 16th. They issued a “strong-buy” rating on the stock. Finally, Guggenheim assumed coverage on shares of Commvault Systems in a report on Thursday, January 26th. They issued a “buy” rating and a $86.00 target price on the stock. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.20.

Insider Buying and Selling

In related news, CRO Blasio Riccardo Di sold 8,912 shares of the stock in a transaction on Friday, February 24th. The stock was sold at an average price of $59.14, for a total transaction of $527,055.68. Following the completion of the sale, the executive now directly owns 77,427 shares of the company’s stock, valued at $4,579,032.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Gary Merrill sold 4,492 shares of the stock in a transaction on Monday, March 6th. The stock was sold at an average price of $58.92, for a total transaction of $264,668.64. Following the completion of the sale, the chief financial officer now directly owns 53,598 shares of the company’s stock, valued at $3,157,994.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Blasio Riccardo Di sold 8,912 shares of the stock in a transaction on Friday, February 24th. The stock was sold at an average price of $59.14, for a total value of $527,055.68. Following the sale, the executive now directly owns 77,427 shares of the company’s stock, valued at $4,579,032.78. The disclosure for this sale can be found here. Insiders sold a total of 58,373 shares of company stock valued at $3,416,252 over the last three months. 1.00% of the stock is currently owned by company insiders.

Commvault Systems Trading Up 0.1 %

Shares of CVLT opened at $63.36 on Wednesday. The company’s 50 day simple moving average is $58.37 and its 200-day simple moving average is $61.18. Commvault Systems, Inc. has a 12-month low of $50.26 and a 12-month high of $69.16. The firm has a market cap of $2.79 billion, a PE ratio of -78.22, a price-to-earnings-growth ratio of 6.95 and a beta of 0.60.

Commvault Systems Profile

(Get Rating)

Commvault Systems, Inc engages in the provision of data protection and information management software applications and related services. Its products include Data Protection and insights, Storage, and Metallic BaaS. The firm also offers professional, managed, support, and training services. The company was founded in 1996 and is headquartered in Tinton Falls, NJ.