New York State Common Retirement Fund Boosts Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

New York State Common Retirement Fund grew its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,713 shares of the software maker’s stock after purchasing an additional 141 shares during the quarter. New York State Common Retirement Fund’s holdings in Commvault Systems were worth $2,069,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Commvault Systems during the 3rd quarter worth approximately $33,000. TFC Financial Management Inc. raised its position in Commvault Systems by 294.1% during the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock worth $61,000 after buying an additional 300 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Commvault Systems in the 3rd quarter valued at about $71,000. TD Private Client Wealth LLC purchased a new position in shares of Commvault Systems in the 3rd quarter valued at about $105,000. Finally, Blue Trust Inc. increased its holdings in shares of Commvault Systems by 37,400.0% in the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock valued at $113,000 after purchasing an additional 748 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Commvault Systems Stock Performance

Shares of NASDAQ CVLT opened at $170.56 on Friday. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 44.77 and a beta of 0.65. The business has a 50 day simple moving average of $164.74 and a 200 day simple moving average of $159.95. Commvault Systems, Inc. has a 52 week low of $93.48 and a 52 week high of $190.11.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CVLT. KeyCorp increased their price objective on shares of Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Oppenheimer assumed coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 target price on the stock. Cantor Fitzgerald raised their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Finally, Guggenheim reiterated a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Commvault Systems currently has an average rating of “Moderate Buy” and a consensus price target of $156.44.

Insider Activity at Commvault Systems

In related news, CEO Sanjay Mirchandani sold 12,318 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total value of $2,290,655.28. Following the completion of the transaction, the chief executive officer now directly owns 427,231 shares in the company, valued at approximately $79,447,876.76. This represents 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 value of $614,471.78. Following the transaction, the insider now owns 87,316 shares of the company’s stock, valued at $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. 1.00% of the stock is currently owned by company insiders.

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.