33,271 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,271 shares of the software maker’s stock, valued at approximately $5,021,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CVLT. Capital Performance Advisors LLP bought a new position in shares of Commvault Systems in the 3rd quarter valued at approximately $33,000. TFC Financial Management Inc. raised its position in shares of Commvault Systems by 294.1% in the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock valued at $61,000 after purchasing an additional 300 shares during the period. Point72 DIFC Ltd bought a new position in shares of Commvault Systems in the third quarter valued at approximately $71,000. TD Private Client Wealth LLC acquired a new stake in shares of Commvault Systems in the third quarter worth $105,000. Finally, Blue Trust Inc. boosted its holdings in shares of Commvault Systems by 37,400.0% during the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock worth $113,000 after buying an additional 748 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Commvault Systems Trading Down 2.3 %

Shares of NASDAQ CVLT opened at $154.26 on Friday. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 40.49 and a beta of 0.62. Commvault Systems, Inc. has a one year low of $93.48 and a one year high of $190.11. The business has a fifty day simple moving average of $165.27 and a 200 day simple moving average of $160.36.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Commvault Systems

In other news, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total transaction of $614,471.78. Following the sale, the insider now directly owns 87,316 shares in the company, valued at approximately $16,322,853.04. The trade was a 3.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the sale, the chief executive officer now directly owns 427,231 shares in the company, valued at approximately $79,447,876.76. The trade was a 2.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

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.