Natixis Sells 7,727 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Natixis trimmed its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,081 shares of the software maker's stock after selling 7,727 shares during the quarter. Natixis owned about 0.18% of Commvault Systems worth $11,783,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. TFC Financial Management Inc. grew its position in 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 in the last quarter. GeoWealth Management LLC acquired a new position in Commvault Systems in the fourth quarter valued at about $101,000. Blue Trust Inc. grew its stake in Commvault Systems by 37,400.0% during the fourth 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 position in Commvault Systems in the 4th quarter valued at about $127,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Commvault Systems by 13.7% during the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker's stock worth $152,000 after acquiring an additional 121 shares during the period. Institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

CVLT has been the subject of several recent analyst reports. 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 note on Thursday, April 17th. Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a research note on Wednesday. StockNews.com upgraded shares of Commvault Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Piper Sandler decreased their price target 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. 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 report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $158.00.

Commvault Systems Price Performance

Shares of CVLT traded up $1.70 during mid-day trading on Friday, hitting $165.02. The stock had a trading volume of 247,630 shares, compared to its average volume of 481,200. The firm has a market cap of $7.26 billion, a P/E ratio of 43.31 and a beta of 0.68. Commvault Systems, Inc. has a 52 week low of $97.10 and a 52 week high of $190.11. The business has a fifty day moving average price of $159.73 and a 200-day moving average price of $161.59.

Insider Activity

In other news, insider Gary Merrill sold 3,287 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total value of $614,471.78. Following the completion of the transaction, the insider now directly owns 87,316 shares in the company, valued at approximately $16,322,853.04. This represents a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction dated Wednesday, February 19th. The shares were 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. This trade 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 owned by company 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.