Commvault Systems, Inc. (NASDAQ:CVLT) Shares Acquired by Gallacher Capital Management LLC

Gallacher Capital Management LLC lifted its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 11.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,541 shares of the software maker’s stock after purchasing an additional 158 shares during the period. Gallacher Capital Management LLC’s holdings in Commvault Systems were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. TFC Financial Management Inc. grew its position in Commvault Systems by 294.1% in the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock worth $61,000 after buying an additional 300 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Commvault Systems in the 3rd quarter worth approximately $71,000. TD Private Client Wealth LLC acquired a new stake in shares of Commvault Systems during the 3rd quarter valued at $105,000. Blue Trust Inc. boosted its stake 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 valued at $113,000 after buying an additional 748 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in shares of Commvault Systems during the 3rd quarter valued at $126,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Commvault Systems Stock Up 7.3 %

NASDAQ CVLT opened at $159.17 on Monday. The stock has a market cap of $7.00 billion, a P/E ratio of 41.78 and a beta of 0.62. The company’s 50-day simple moving average is $165.22 and its 200 day simple moving average is $160.55. Commvault Systems, Inc. has a twelve month low of $93.48 and a twelve month high of $190.11.

Analyst Upgrades and Downgrades

CVLT has been the subject of several analyst reports. Cantor Fitzgerald lifted 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. KeyCorp lifted their target price 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. StockNews.com upgraded shares of Commvault Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Finally, Guggenheim restated a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Commvault Systems presently has an average rating of “Moderate Buy” and an average price target of $156.44.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the business’s stock in a transaction dated 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 directly owns 427,231 shares in the company, valued at $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 available at this hyperlink. Also, insider Gary Merrill sold 3,287 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total transaction of $614,471.78. Following the transaction, the insider now owns 87,316 shares in the company, valued at $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. Company insiders own 1.00% 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.