Commvault Systems, Inc. (NASDAQ:CVLT) Stock Holdings Lessened by Securian Asset Management Inc.

Securian Asset Management Inc. cut its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,305 shares of the software maker’s stock after selling 111 shares during the quarter. Securian Asset Management Inc.’s holdings in Commvault Systems were worth $499,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. TFC Financial Management Inc. boosted its position in shares of Commvault Systems by 294.1% in the 4th 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 acquired a new position in shares of Commvault Systems in the third quarter worth about $71,000. TD Private Client Wealth LLC purchased a new position in shares of Commvault Systems in the third quarter worth approximately $105,000. Blue Trust Inc. raised its holdings in shares of Commvault Systems by 37,400.0% during the fourth quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock valued at $113,000 after acquiring an additional 748 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in shares of Commvault Systems during the third quarter valued at approximately $126,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Gary Merrill sold 3,287 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total transaction of $614,471.78. Following the completion of the sale, the insider now 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 can be accessed through this hyperlink. Also, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total value of $2,290,655.28. Following the transaction, the chief executive officer now owns 427,231 shares in the company, valued at approximately $79,447,876.76. This trade represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Commvault Systems Trading Up 0.9 %

Commvault Systems stock opened at $160.56 on Tuesday. Commvault Systems, Inc. has a 1-year low of $93.48 and a 1-year high of $190.11. The firm’s fifty day simple moving average is $165.22 and its 200-day simple moving average is $160.60. The company has a market capitalization of $7.06 billion, a P/E ratio of 42.14 and a beta of 0.62.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CVLT. William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Guggenheim restated a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. StockNews.com upgraded Commvault Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. KeyCorp raised their price target on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Cantor Fitzgerald upped their price objective on shares of Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.44.

About Commvault Systems

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.