Prudential Financial Inc. Boosts Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Prudential Financial Inc. grew its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 64.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,870 shares of the software maker’s stock after purchasing an additional 49,889 shares during the quarter. Prudential Financial Inc.’s holdings in Commvault Systems were worth $19,146,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Commvault Systems by 25.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock worth $90,278,000 after buying an additional 120,779 shares during the last quarter. Citigroup Inc. grew its stake in shares of Commvault Systems by 146.0% during the third quarter. Citigroup Inc. now owns 47,867 shares of the software maker’s stock worth $7,364,000 after acquiring an additional 28,408 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of Commvault Systems during the third quarter valued at about $506,000. Centaurus Financial Inc. purchased a new position in shares of Commvault Systems in the 3rd quarter valued at approximately $126,000. Finally, FMR LLC boosted its stake in Commvault Systems by 26.1% in the 3rd quarter. FMR LLC now owns 466,315 shares of the software maker’s stock worth $71,743,000 after purchasing an additional 96,525 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on CVLT shares. Cantor Fitzgerald upped their price target 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. Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. KeyCorp increased their price objective on Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, StockNews.com raised Commvault Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Commvault Systems has a consensus rating of “Moderate Buy” and a consensus target price of $156.44.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction 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 completion of the transaction, the chief executive officer now owns 427,231 shares of the company’s stock, valued at approximately $79,447,876.76. The trade was a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary Merrill sold 3,287 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Commvault Systems Stock Down 5.0 %

Shares of CVLT opened at $165.24 on Thursday. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 43.37 and a beta of 0.62. Commvault Systems, Inc. has a 52 week low of $93.48 and a 52 week high of $190.11. The stock’s 50-day moving average price is $166.38 and its 200-day moving average price is $161.31.

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.