Globeflex Capital L P Has $1.96 Million Stake in Commvault Systems, Inc. (NASDAQ:CVLT)

Globeflex Capital L P boosted its stake in Commvault Systems, Inc. (NASDAQ:CVLT) by 7.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,972 shares of the software maker’s stock after buying an additional 891 shares during the quarter. Globeflex Capital L P’s holdings in Commvault Systems were worth $1,958,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of 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 acquiring an additional 120,779 shares during the period. Summit Partners Public Asset Management LLC purchased a new position in shares of Commvault Systems during the 3rd quarter valued at about $67,722,000. Point72 Hong Kong Ltd increased its stake in Commvault Systems by 37.9% in the 3rd quarter. Point72 Hong Kong Ltd now owns 23,421 shares of the software maker’s stock worth $3,603,000 after purchasing an additional 6,433 shares during the period. Intech Investment Management LLC grew its position in shares of Commvault Systems by 31.8% in the 3rd quarter. Intech Investment Management LLC now owns 24,074 shares of the software maker’s stock worth $3,704,000 after buying an additional 5,805 shares during the last quarter. Finally, Centiva Capital LP grew its position in shares of Commvault Systems by 193.2% in the 3rd quarter. Centiva Capital LP now owns 8,567 shares of the software maker’s stock worth $1,318,000 after buying an additional 5,645 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Commvault Systems Stock Up 7.3 %

Shares of NASDAQ:CVLT opened at $159.17 on Friday. The company has a market cap of $7.00 billion, a P/E ratio of 41.78 and a beta of 0.62. Commvault Systems, Inc. has a 52 week low of $93.48 and a 52 week high of $190.11. The company has a 50-day moving average price of $165.22 and a 200 day moving average price of $160.41.

Insider Activity at Commvault Systems

In other news, 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 completion of the sale, the insider now directly owns 87,316 shares in the company, valued at approximately $16,322,853.04. This trade represents a 3.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief executive officer now owns 427,231 shares of the company’s stock, valued at approximately $79,447,876.76. The trade was 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 owned by insiders.

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.