CANADA LIFE ASSURANCE Co Has $13.32 Million Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

CANADA LIFE ASSURANCE Co raised its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,359 shares of the software maker's stock after purchasing an additional 2,140 shares during the period. CANADA LIFE ASSURANCE Co owned 0.20% of Commvault Systems worth $13,315,000 at the end of the most recent quarter.

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

Commvault Systems Price Performance

NASDAQ CVLT traded up $2.19 on Friday, hitting $165.51. 413,106 shares of the company were exchanged, compared to its average volume of 410,914. Commvault Systems, Inc. has a twelve month low of $97.10 and a twelve month high of $190.11. The firm has a market capitalization of $7.28 billion, a P/E ratio of 43.44 and a beta of 0.68. The company's 50 day moving average price is $159.28 and its 200-day moving average price is $161.63.

Insider Activity

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 427,231 shares in the company, valued at $79,447,876.76. The trade was a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 3,287 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was 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 owns 87,316 shares of the company's stock, valued at $16,322,853.04. This represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CVLT. William Blair upgraded shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a research report on Thursday, January 30th. Piper Sandler lowered their price objective on shares of Commvault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. KeyCorp cut their target price on Commvault Systems from $195.00 to $185.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. StockNews.com upgraded Commvault Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Commvault Systems in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Commvault Systems presently has a consensus rating of "Moderate Buy" and an average price target of $158.00.

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.