Commvault Systems, Inc. (NASDAQ:CVLT) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 10.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,460 shares of the software maker’s stock after buying an additional 1,121 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Commvault Systems were worth $1,729,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. TFC Financial Management Inc. grew its holdings in 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 buying an additional 300 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Commvault Systems in the third quarter worth approximately $71,000. TD Private Client Wealth LLC purchased a new stake in Commvault Systems in the third quarter valued at approximately $105,000. Blue Trust Inc. increased its position in Commvault Systems by 37,400.0% during the fourth quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock worth $113,000 after purchasing an additional 748 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Commvault Systems during the fourth quarter worth approximately $127,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the sale, the chief executive officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction that occurred 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 sale, the insider now owns 87,316 shares in the company, valued at $16,322,853.04. This represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CVLT. William Blair raised shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. KeyCorp boosted their price target on Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. StockNews.com upgraded Commvault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Finally, Cantor Fitzgerald boosted their target price on Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Five research 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.com, Commvault Systems currently has a consensus rating of “Moderate Buy” and an average price target of $156.44.

Commvault Systems Stock Performance

Shares of NASDAQ:CVLT opened at $139.35 on Friday. The company has a market cap of $6.13 billion, a P/E ratio of 36.57 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’s 50-day simple moving average is $165.87 and its 200 day simple moving average is $161.79.

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.