Marks Group Wealth Management Inc Has $303,000 Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Marks Group Wealth Management Inc cut its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,005 shares of the software maker’s stock after selling 156 shares during the period. Marks Group Wealth Management Inc’s holdings in Commvault Systems were worth $303,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JSF Financial LLC acquired a new position in shares of Commvault Systems during the fourth quarter worth $739,000. WCM Investment Management LLC bought a new position in Commvault Systems during the 4th quarter worth $10,303,000. Advisors Preferred LLC acquired a new position in Commvault Systems during the 4th quarter worth about $799,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Commvault Systems by 8.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,208 shares of the software maker’s stock valued at $1,239,000 after buying an additional 620 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of Commvault Systems during the fourth quarter worth about $6,901,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Commvault Systems

In related news, CEO Sanjay Mirchandani sold 10,775 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $165.30, for a total value of $1,781,107.50. Following the transaction, the chief executive officer now directly owns 459,969 shares of the company’s stock, valued at approximately $76,032,875.70. The trade was a 2.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Allison Pickens sold 1,232 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $172.50, for a total transaction of $212,520.00. Following the sale, the director now owns 5,899 shares of the company’s stock, valued at $1,017,577.50. This trade represents a 17.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,530 shares of company stock valued at $2,244,755 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CVLT shares. Cantor Fitzgerald lifted their price objective on Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada increased their price objective on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. StockNews.com downgraded Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. KeyCorp raised their price objective on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.44.

Commvault Systems Trading Up 0.0 %

NASDAQ CVLT opened at $178.55 on Thursday. The company has a fifty day simple moving average of $162.44 and a 200 day simple moving average of $157.05. Commvault Systems, Inc. has a 12-month low of $90.32 and a 12-month high of $181.51. The company has a market cap of $7.86 billion, a P/E ratio of 46.86 and a beta of 0.65.

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.