Commvault Systems, Inc. (NASDAQ:CVLT) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 63.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 157,111 shares of the software maker’s stock after purchasing an additional 61,243 shares during the period. Sei Investments Co.’s holdings in Commvault Systems were worth $23,708,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Commvault Systems by 604.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker’s stock worth $98,479,000 after acquiring an additional 555,656 shares in the last quarter. Summit Partners Public Asset Management LLC acquired a new position in Commvault Systems during the 3rd quarter worth $67,722,000. Charles Schwab Investment Management Inc. increased its holdings in Commvault Systems by 25.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock worth $90,278,000 after purchasing an additional 120,779 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Commvault Systems in the 3rd quarter valued at about $15,264,000. Finally, FMR LLC boosted its stake in shares of Commvault Systems by 26.1% in the 3rd quarter. FMR LLC now owns 466,315 shares of the software maker’s stock valued at $71,743,000 after buying an additional 96,525 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Commvault Systems Price Performance

NASDAQ CVLT opened at $165.24 on Thursday. The company has a fifty day moving average of $166.38 and a two-hundred day moving average of $161.31. Commvault Systems, Inc. has a 1 year low of $93.48 and a 1 year high of $190.11. The company has a market capitalization of $7.27 billion, a PE ratio of 43.37 and a beta of 0.62.

Analyst Upgrades and Downgrades

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

Insider Activity at Commvault Systems

In other news, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction on 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 of the company’s stock, valued at $79,447,876.76. The trade was a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 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. This trade represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. 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.