Los Angeles Capital Management LLC Grows Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Los Angeles Capital Management LLC lifted its stake in Commvault Systems, Inc. (NASDAQ:CVLT) by 31.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,322 shares of the software maker’s stock after buying an additional 8,613 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Commvault Systems were worth $5,481,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Commvault Systems in the 3rd quarter valued at $33,000. TFC Financial Management Inc. increased its holdings in Commvault Systems by 294.1% in the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock valued at $61,000 after buying an additional 300 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Commvault Systems in the third quarter worth about $71,000. TD Private Client Wealth LLC purchased a new stake in shares of Commvault Systems during the 3rd quarter worth about $105,000. Finally, Blue Trust Inc. grew its position 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 acquiring an additional 748 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Buying and Selling

In related news, Director Allison Pickens sold 1,232 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the completion of the sale, the director now owns 5,899 shares of the company’s stock, valued at approximately $1,017,577.50. This trade represents a 17.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary Merrill sold 3,287 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total value of $614,471.78. Following the transaction, the insider now directly owns 87,316 shares in the company, valued at $16,322,853.04. This trade represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,837 shares of company stock worth $3,117,647. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CVLT shares. Oppenheimer started coverage on Commvault Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price target for the company. StockNews.com raised Commvault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday. Royal Bank of Canada lifted their price target on shares of Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Finally, KeyCorp increased 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. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Commvault Systems presently has an average rating of “Moderate Buy” and a consensus target price of $156.44.

Commvault Systems Stock Up 1.7 %

Shares of CVLT opened at $171.85 on Thursday. The firm’s fifty day moving average is $164.04 and its two-hundred day moving average is $159.66. The stock has a market cap of $7.56 billion, a PE ratio of 45.11 and a beta of 0.65. Commvault Systems, Inc. has a 52-week low of $93.48 and a 52-week high of $190.11.

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.