Thrivent Financial for Lutherans Cuts Stock Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Thrivent Financial for Lutherans decreased its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 12.5% during the fourth quarter, HoldingsChannel reports. The firm owned 69,449 shares of the software maker’s stock after selling 9,957 shares during the period. Thrivent Financial for Lutherans’ holdings in Commvault Systems were worth $10,481,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in Commvault Systems by 3.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker’s stock valued at $296,000 after purchasing an additional 66 shares during the period. CIBC Asset Management Inc grew its position in shares of Commvault Systems by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,413 shares of the software maker’s stock worth $213,000 after buying an additional 75 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Commvault Systems by 4.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,439 shares of the software maker’s stock worth $368,000 after buying an additional 93 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Commvault Systems by 13.7% in the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock worth $152,000 after buying an additional 121 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Commvault Systems by 1.0% in 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 buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Commvault Systems Trading Down 0.4 %

Shares of NASDAQ CVLT opened at $161.52 on Friday. Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.11. The company has a 50 day simple moving average of $165.77 and a two-hundred day simple moving average of $160.81. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 42.39 and a beta of 0.62.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CVLT shares. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. William Blair raised shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. 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 research note on Wednesday, January 29th. Cantor Fitzgerald lifted their target price 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. Finally, StockNews.com upgraded shares of Commvault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. 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 MarketBeat.com, Commvault Systems currently has a consensus rating of “Moderate Buy” and an average price target of $156.44.

Insider Buying and Selling at Commvault Systems

In other news, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems 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 completion of the transaction, the chief executive officer now directly owns 427,231 shares of the company’s stock, valued at $79,447,876.76. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the insider now directly owns 87,316 shares of the company’s stock, valued at approximately $16,322,853.04. This trade represents 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.

About Commvault Systems

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.