Banco Santander S.A. Makes New Investment in Commvault Systems, Inc. (NASDAQ:CVLT)

Banco Santander S.A. bought a new position in Commvault Systems, Inc. (NASDAQ:CVLT) during the 4th quarter, Holdings Channel reports. The institutional investor bought 5,518 shares of the software maker’s stock, valued at approximately $833,000.

Several other institutional investors and hedge funds have also bought and sold shares of CVLT. Edgestream Partners L.P. purchased a new stake in shares of Commvault Systems in the fourth quarter worth $5,021,000. Callan Family Office LLC purchased a new stake in shares of Commvault Systems in the 4th quarter valued at about $236,000. Raymond James Financial Inc. purchased a new stake in Commvault Systems in the fourth quarter valued at approximately $2,815,000. Atria Investments Inc raised its stake in Commvault Systems by 10.0% in the fourth quarter. Atria Investments Inc now owns 2,950 shares of the software maker’s stock valued at $445,000 after purchasing an additional 268 shares in the last quarter. Finally, Norden Group LLC raised its stake in Commvault Systems by 6.6% in the fourth quarter. Norden Group LLC now owns 5,840 shares of the software maker’s stock valued at $881,000 after purchasing an additional 364 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Commvault Systems Stock Performance

NASDAQ:CVLT opened at $154.26 on Monday. Commvault Systems, Inc. has a fifty-two week low of $93.48 and a fifty-two week high of $190.11. The firm has a market cap of $6.79 billion, a PE ratio of 40.49 and a beta of 0.62. The business has a 50 day moving average price of $165.27 and a 200-day moving average price of $160.50.

Insider Buying and Selling at Commvault Systems

In other news, insider Gary Merrill sold 3,287 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 87,316 shares of the company’s stock, valued at approximately $16,322,853.04. This represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the sale, the chief executive officer now owns 427,231 shares of the company’s stock, valued at approximately $79,447,876.76. This represents a 2.80 % 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.

Analyst Ratings Changes

Several research firms have recently weighed in on CVLT. Oppenheimer began coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price objective on the stock. Cantor Fitzgerald raised their price target on Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com upgraded Commvault Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. KeyCorp raised their price objective on Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Commvault Systems has a consensus rating of “Moderate Buy” and an average price target of $156.44.

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.