Petra Financial Advisors Inc. Sells 849 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Petra Financial Advisors Inc. decreased its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 23.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,783 shares of the software maker’s stock after selling 849 shares during the period. Petra Financial Advisors Inc.’s holdings in Commvault Systems were worth $420,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in Commvault Systems by 3.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker’s stock valued at $296,000 after acquiring an additional 66 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Commvault Systems by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,413 shares of the software maker’s stock valued at $213,000 after acquiring an additional 75 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Commvault Systems by 4.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,439 shares of the software maker’s stock worth $368,000 after purchasing an additional 93 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Commvault Systems by 13.7% during the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock worth $152,000 after purchasing an additional 121 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Commvault Systems by 1.0% during the 4th quarter. New York State Common Retirement Fund now owns 13,713 shares of the software maker’s stock worth $2,069,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

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

Commvault Systems Price Performance

Shares of NASDAQ CVLT opened at $160.56 on Tuesday. The stock’s fifty day moving average price is $165.22 and its two-hundred day moving average price is $160.60. Commvault Systems, Inc. has a one year low of $93.48 and a one year high of $190.11. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 42.14 and a beta of 0.62.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was 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 of the company’s stock, valued at $79,447,876.76. This represents a 2.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gary Merrill sold 3,287 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following the completion of the transaction, the insider now directly owns 87,316 shares in the company, valued at approximately $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.

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.