Voya Investment Management LLC raised its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT – Free Report) by 39.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 18,162 shares of the software maker’s stock after purchasing an additional 5,166 shares during the period. Voya Investment Management LLC’s holdings in CommVault Systems were worth $2,865,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Invesco Ltd. grew its holdings in CommVault Systems by 7.1% during the first quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker’s stock valued at $280,388,000 after purchasing an additional 117,199 shares during the period. Acadian Asset Management LLC grew its holdings in CommVault Systems by 2.9% during the first quarter. Acadian Asset Management LLC now owns 1,505,357 shares of the software maker’s stock valued at $237,454,000 after purchasing an additional 43,075 shares during the period. Nuveen LLC bought a new stake in CommVault Systems during the first quarter valued at about $116,223,000. Goldman Sachs Group Inc. grew its holdings in CommVault Systems by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 632,084 shares of the software maker’s stock valued at $99,718,000 after purchasing an additional 36,601 shares during the period. Finally, Congress Asset Management Co. grew its holdings in CommVault Systems by 7.7% during the first quarter. Congress Asset Management Co. now owns 560,442 shares of the software maker’s stock valued at $88,415,000 after purchasing an additional 40,064 shares during the period. Institutional investors own 93.50% of the company’s stock.
CommVault Systems Stock Down 0.4%
CVLT opened at $194.61 on Friday. The stock’s fifty day moving average is $180.48 and its two-hundred day moving average is $172.47. The company has a market capitalization of $8.65 billion, a P/E ratio of 108.12 and a beta of 0.74. CommVault Systems, Inc. has a 52 week low of $128.07 and a 52 week high of $200.68.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on CVLT shares. Royal Bank Of Canada upped their price objective on CommVault Systems from $185.00 to $217.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. DA Davidson upped their price objective on CommVault Systems from $200.00 to $220.00 and gave the stock a “buy” 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 stock a “neutral” rating in a research note on Monday, July 14th. Guggenheim set a $220.00 price objective on CommVault Systems in a research note on Tuesday, July 29th. Finally, Wall Street Zen raised CommVault Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, CommVault Systems has a consensus rating of “Moderate Buy” and a consensus target price of $205.63.
Get Our Latest Stock Report on CommVault Systems
Insider Transactions at CommVault Systems
In other CommVault Systems news, CEO Sanjay Mirchandani sold 11,320 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $177.83, for a total transaction of $2,013,035.60. Following the sale, the chief executive officer owned 458,361 shares of the company’s stock, valued at approximately $81,510,336.63. This trade represents a 2.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Allison Pickens sold 690 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $177.89, for a total value of $122,744.10. Following the sale, the director directly owned 5,166 shares in the company, valued at $918,979.74. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,942 shares of company stock valued at $10,019,157. Company insiders own 1.00% of the company’s stock.
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.
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