5,255 Shares in Commvault Systems, Inc. (NASDAQ:CVLT) Purchased by Advisors Preferred LLC

Advisors Preferred LLC acquired a new stake in Commvault Systems, Inc. (NASDAQ:CVLT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 5,255 shares of the software maker’s stock, valued at approximately $799,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in Commvault Systems in the 3rd quarter valued at $33,000. Point72 DIFC Ltd purchased a new position in Commvault Systems during the third quarter valued at $71,000. Signaturefd LLC grew its position in shares of Commvault Systems by 43.9% in the third quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock valued at $91,000 after purchasing an additional 180 shares during the period. TD Private Client Wealth LLC purchased a new stake in shares of Commvault Systems during the third quarter worth about $105,000. Finally, Blue Trust Inc. raised its position in shares of Commvault Systems by 38,400.0% during the 4th quarter. Blue Trust Inc. now owns 770 shares of the software maker’s stock worth $118,000 after purchasing an additional 768 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Commvault Systems Stock Up 1.9 %

NASDAQ:CVLT opened at $175.82 on Friday. Commvault Systems, Inc. has a 52 week low of $90.32 and a 52 week high of $180.51. The stock’s fifty day moving average is $162.02 and its two-hundred day moving average is $155.46. The company has a market capitalization of $7.74 billion, a P/E ratio of 46.15 and a beta of 0.65.

Insider Activity at Commvault Systems

In related news, insider Gary Merrill sold 1,523 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $164.89, for a total transaction of $251,127.47. Following the transaction, the insider now owns 93,007 shares of the company’s stock, valued at approximately $15,335,924.23. This represents a 1.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Allison Pickens sold 1,232 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $172.50, for a total transaction of $212,520.00. Following the sale, the director now directly owns 5,899 shares in the company, valued at $1,017,577.50. This represents a 17.28 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,530 shares of company stock worth $2,244,755. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CVLT shares. Guggenheim reiterated a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. Cantor Fitzgerald boosted their price target on Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. KeyCorp raised their price target 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. Oppenheimer initiated coverage on shares of Commvault Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price objective for the company. Finally, William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.44.

Commvault Systems 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.