Mutual of America Capital Management LLC Sells 454 Shares of CommVault Systems, Inc. (NASDAQ:CVLT)

Mutual of America Capital Management LLC lowered its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,644 shares of the software maker’s stock after selling 454 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of CommVault Systems worth $3,572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CVLT. Resona Asset Management Co. Ltd. bought a new position in shares of CommVault Systems in the fourth quarter worth about $1,200,000. Wells Fargo & Company MN lifted its holdings in shares of CommVault Systems by 56.5% in the fourth quarter. Wells Fargo & Company MN now owns 32,998 shares of the software maker’s stock worth $4,980,000 after acquiring an additional 11,914 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of CommVault Systems by 83.6% in the fourth quarter. Bank of Montreal Can now owns 10,304 shares of the software maker’s stock worth $1,555,000 after acquiring an additional 4,691 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of CommVault Systems by 57.7% in the fourth quarter. Invesco Ltd. now owns 1,660,108 shares of the software maker’s stock worth $250,527,000 after acquiring an additional 607,643 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of CommVault Systems in the fourth quarter worth about $2,815,000. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CVLT has been the subject of a number of research reports. Wall Street Zen cut shares of CommVault Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday. DA Davidson upped their price objective on CommVault Systems from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada upped their price objective on CommVault Systems from $185.00 to $217.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Piper Sandler upped their price objective on CommVault Systems from $168.00 to $170.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Finally, Guggenheim set a $220.00 price objective on CommVault Systems in a research note on Tuesday, July 29th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $205.63.

Insider Buying and Selling

In other CommVault Systems news, insider Gary Merrill sold 1,748 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $174.91, for a total transaction of $305,742.68. Following the completion of the sale, the insider owned 89,923 shares of the company’s stock, valued at approximately $15,728,431.93. This represents a 1.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mirchandani sold 1,709 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $299,075.00. Following the sale, the chief executive officer directly owned 469,648 shares of the company’s stock, valued at $82,188,400. This represents a 0.36% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

CommVault Systems Stock Performance

NASDAQ:CVLT opened at $183.53 on Friday. The company has a market capitalization of $8.16 billion, a PE ratio of 101.96 and a beta of 0.70. The company has a 50 day simple moving average of $177.71 and a two-hundred day simple moving average of $169.76. CommVault Systems, Inc. has a fifty-two week low of $128.07 and a fifty-two week high of $200.68.

CommVault Systems Company 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.