Xponance Inc. Buys 405 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Xponance Inc. lifted its stake in Commvault Systems, Inc. (NASDAQ:CVLT) by 6.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,469 shares of the software maker’s stock after buying an additional 405 shares during the period. Xponance Inc.’s holdings in Commvault Systems were worth $976,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CVLT. Intech Investment Management LLC increased its position in shares of Commvault Systems by 105.2% during the 4th quarter. Intech Investment Management LLC now owns 49,411 shares of the software maker’s stock worth $7,457,000 after purchasing an additional 25,337 shares during the last quarter. Cibc World Markets Corp acquired a new position in Commvault Systems during the fourth quarter worth $616,000. Gallacher Capital Management LLC increased its holdings in Commvault Systems by 11.4% during the fourth quarter. Gallacher Capital Management LLC now owns 1,541 shares of the software maker’s stock worth $233,000 after buying an additional 158 shares during the last quarter. Corient Private Wealth LLC raised its position in Commvault Systems by 8.3% during the fourth quarter. Corient Private Wealth LLC now owns 2,909 shares of the software maker’s stock worth $439,000 after acquiring an additional 224 shares in the last quarter. Finally, Globeflex Capital L P lifted its stake in Commvault Systems by 7.4% in the fourth quarter. Globeflex Capital L P now owns 12,972 shares of the software maker’s stock valued at $1,958,000 after acquiring an additional 891 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

CVLT has been the topic of several recent analyst reports. Cantor Fitzgerald boosted their price objective on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. KeyCorp upped their price objective on Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a research note 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 reissued a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. Finally, William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Commvault Systems currently has an average rating of “Moderate Buy” and an average price target of $156.44.

Commvault Systems Price Performance

CVLT stock opened at $161.52 on Monday. Commvault Systems, Inc. has a fifty-two week low of $93.48 and a fifty-two week high of $190.11. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 42.39 and a beta of 0.62. The business’s fifty day moving average price is $165.77 and its two-hundred day moving average price is $160.89.

Insider Activity at Commvault Systems

In other Commvault Systems news, 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 transaction of $2,290,655.28. Following the transaction, the chief executive officer now owns 427,231 shares in the company, valued at $79,447,876.76. This represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 of the company’s stock, 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 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.