Barclays PLC Purchases 19,766 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Barclays PLC increased its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 70.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,974 shares of the software maker’s stock after buying an additional 19,766 shares during the quarter. Barclays PLC’s holdings in Commvault Systems were worth $3,484,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Bank of Montreal Can bought a new position in shares of Commvault Systems during the second quarter worth about $416,000. Signaturefd LLC boosted its holdings in shares of Commvault Systems by 728.3% in the 2nd quarter. Signaturefd LLC now owns 381 shares of the software maker’s stock valued at $28,000 after buying an additional 335 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Commvault Systems by 2.4% in the second quarter. Arizona State Retirement System now owns 11,888 shares of the software maker’s stock valued at $863,000 after buying an additional 275 shares in the last quarter. Mesirow Institutional Investment Management Inc. acquired a new position in Commvault Systems during the second quarter worth $9,949,000. Finally, Moloney Securities Asset Management LLC bought a new stake in Commvault Systems during the second quarter worth $674,000. 91.56% of the stock is currently owned by institutional investors.

Insider Activity at Commvault Systems

In related news, Director Vivie Lee sold 1,848 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $68.71, for a total value of $126,976.08. Following the transaction, the director now directly owns 16,089 shares in the company, valued at $1,105,475.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Gary Merrill sold 947 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $69.61, for a total transaction of $65,920.67. Following the completion of the sale, the chief financial officer now owns 93,604 shares of the company’s stock, valued at $6,515,774.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vivie Lee sold 1,848 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $68.71, for a total transaction of $126,976.08. Following the sale, the director now directly owns 16,089 shares of the company’s stock, valued at approximately $1,105,475.19. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,972 shares of company stock worth $1,378,981. Corporate insiders own 1.00% of the company’s stock.

Commvault Systems Stock Performance

CVLT stock opened at $70.35 on Monday. The company’s 50-day simple moving average is $67.61 and its 200 day simple moving average is $68.97. Commvault Systems, Inc. has a 52 week low of $53.20 and a 52 week high of $78.80. The company has a market capitalization of $3.08 billion, a PE ratio of -167.50 and a beta of 0.55.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CVLT. DA Davidson started coverage on shares of Commvault Systems in a research report on Wednesday, August 16th. They issued a “buy” rating and a $85.00 price objective for the company. Lake Street Capital raised their price target on Commvault Systems from $62.00 to $72.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Royal Bank of Canada upped their price objective on shares of Commvault Systems from $68.00 to $80.00 and gave the company a “sector perform” rating in a report on Wednesday, August 2nd. Finally, StockNews.com began coverage on shares of Commvault Systems in a research note on Thursday, October 5th. They set a “strong-buy” rating for the company. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Commvault Systems presently has a consensus rating of “Moderate Buy” and an average target price of $77.60.

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.