Barclays PLC Purchases 22,049 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Barclays PLC grew its stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 25.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,484 shares of the software maker's stock after buying an additional 22,049 shares during the quarter. Barclays PLC owned approximately 0.25% of Commvault Systems worth $16,373,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CVLT. TFC Financial Management Inc. boosted its position in shares of Commvault Systems by 294.1% in the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock worth $61,000 after purchasing an additional 300 shares during the period. Blue Trust Inc. increased its stake in Commvault Systems by 37,400.0% in the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker's stock worth $113,000 after buying an additional 748 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Commvault Systems during the fourth quarter valued at about $127,000. GAMMA Investing LLC lifted its position in shares of Commvault Systems by 13.7% in the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker's stock valued at $152,000 after acquiring an additional 121 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of Commvault Systems by 69.1% in the fourth quarter. AlphaQuest LLC now owns 1,023 shares of the software maker's stock worth $154,000 after acquiring an additional 418 shares during the period. Institutional investors own 93.50% of the company's stock.

Insider Buying and Selling at Commvault Systems

In other news, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total value of $2,290,655.28. Following the sale, the chief executive officer now directly owns 427,231 shares in the company, valued at approximately $79,447,876.76. This represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gary Merrill sold 3,287 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following the transaction, the insider now owns 87,316 shares of the company's stock, valued at approximately $16,322,853.04. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

CVLT has been the topic of a number of research analyst reports. Cantor Fitzgerald boosted their price target on Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Piper Sandler dropped their target price on shares of Commvault Systems from $154.00 to $147.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. KeyCorp reduced their price target on shares of Commvault Systems from $195.00 to $185.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a report on Wednesday. Finally, StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Commvault Systems presently has a consensus rating of "Moderate Buy" and an average price target of $158.00.

Commvault Systems Price Performance

Shares of Commvault Systems stock traded up $0.28 on Friday, reaching $163.60. The company had a trading volume of 183,899 shares, compared to its average volume of 480,361. The firm's 50-day moving average price is $159.73 and its two-hundred day moving average price is $161.59. Commvault Systems, Inc. has a 1 year low of $97.10 and a 1 year high of $190.11. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 42.94 and a beta of 0.68.

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.