Commvault Systems, Inc. (NASDAQ:CVLT) Insider Gary Merrill Sells 3,287 Shares

Commvault Systems, Inc. (NASDAQ:CVLT) insider Gary Merrill sold 3,287 shares of the business’s 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 completion of the transaction, the insider now directly owns 87,316 shares in the company, valued at approximately $16,322,853.04. This represents a 3.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Commvault Systems Stock Performance

Shares of CVLT opened at $170.61 on Friday. The stock’s 50-day simple moving average is $163.97 and its 200 day simple moving average is $158.89. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 44.78 and a beta of 0.65. Commvault Systems, Inc. has a 52-week low of $92.36 and a 52-week high of $190.11.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CVLT. Cantor Fitzgerald boosted their price objective on Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. StockNews.com cut Commvault Systems from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada upped their price target on Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $156.44.

Institutional Trading of Commvault Systems

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Commvault Systems by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,636,559 shares of the software maker’s stock worth $850,613,000 after purchasing an additional 54,562 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Commvault Systems by 1.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,909,185 shares of the software maker’s stock worth $288,115,000 after purchasing an additional 24,900 shares in the last quarter. Invesco Ltd. lifted its holdings in Commvault Systems by 57.7% during the 4th quarter. Invesco Ltd. now owns 1,660,108 shares of the software maker’s stock worth $250,527,000 after purchasing an additional 607,643 shares in the last quarter. State Street Corp increased its stake in Commvault Systems by 1.6% in the 3rd quarter. State Street Corp now owns 1,594,045 shares of the software maker’s stock worth $245,244,000 after acquiring an additional 25,082 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Commvault Systems by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 1,288,068 shares of the software maker’s stock worth $194,681,000 after acquiring an additional 43,088 shares during the last quarter. Hedge funds and other institutional investors own 93.50% 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.