Townsquare Capital LLC grew its holdings in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,110 shares of the software maker's stock after acquiring an additional 2,925 shares during the period. Townsquare Capital LLC owned about 0.10% of CommVault Systems worth $7,274,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of CVLT. Wells Fargo & Company MN grew its stake in shares of CommVault Systems by 56.5% in the fourth quarter. Wells Fargo & Company MN now owns 32,998 shares of the software maker's stock worth $4,980,000 after acquiring an additional 11,914 shares in the last quarter. Bank of Montreal Can grew its stake in shares of CommVault Systems by 83.6% in the fourth quarter. Bank of Montreal Can now owns 10,304 shares of the software maker's stock worth $1,555,000 after acquiring an additional 4,691 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of CommVault Systems in the fourth quarter worth $2,815,000. Capital Fund Management S.A. acquired a new position in shares of CommVault Systems in the fourth quarter worth $1,709,000. Finally, Barclays PLC grew its stake in shares of CommVault Systems by 25.5% in the fourth quarter. Barclays PLC now owns 108,484 shares of the software maker's stock worth $16,373,000 after acquiring an additional 22,049 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.
Insiders Place Their Bets
In related news, insider Gary Merrill sold 1,748 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $174.91, for a total value of $305,742.68. Following the completion of the sale, the insider directly owned 89,923 shares of the company's stock, valued at $15,728,431.93. The trade was a 1.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mirchandani sold 1,709 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $299,075.00. Following the completion of the sale, the chief executive officer directly owned 469,648 shares of the company's stock, valued at $82,188,400. The trade was a 0.36% 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 Price Performance
Shares of CVLT opened at $183.53 on Friday. CommVault Systems, Inc. has a 1-year low of $128.07 and a 1-year high of $200.68. The stock has a market cap of $8.16 billion, a PE ratio of 101.96 and a beta of 0.70. The firm has a fifty day moving average price of $177.71 and a 200 day moving average price of $169.81.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of CommVault Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Guggenheim set a $220.00 price objective on shares of CommVault Systems in a research report on Tuesday, July 29th. DA Davidson lifted their price objective on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada lifted their price objective on shares of CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company lifted their price objective on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $205.63.
View Our Latest Report on CommVault Systems
About CommVault Systems
(
Free Report)
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.
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