Natixis Advisors LLC Acquires 3,900 Shares of CommVault Systems, Inc. (NASDAQ:CVLT)

Key Points

• Natixis Advisors LLC increased its holdings in CommVault Systems by 36.0%, acquiring an additional 3,900 shares, and now owns a total of 14,726 shares valued at approximately $2.32 million.
• Shares of CommVault Systems experienced a 1.2% decline in trading, reaching $183.53, with a market cap of $8.16 billion and a P/E ratio of 101.96.
• Several analysts have raised their price targets for CommVault, with Wells Fargo & Company increasing their target to $220.00, reflecting a positive outlook for the stock based on recent performance.

Natixis Advisors LLC increased its stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 36.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,726 shares of the software maker's stock after acquiring an additional 3,900 shares during the period. Natixis Advisors LLC's holdings in CommVault Systems were worth $2,323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Federated Hermes Inc. boosted its holdings in shares of CommVault Systems by 3.6% in the first quarter. Federated Hermes Inc. now owns 46,551 shares of the software maker's stock valued at $7,344,000 after acquiring an additional 1,606 shares in the last quarter. JSF Financial LLC boosted its holdings in CommVault Systems by 39.6% during the first quarter. JSF Financial LLC now owns 6,837 shares of the software maker's stock worth $1,079,000 after buying an additional 1,941 shares in the last quarter. Picton Mahoney Asset Management boosted its holdings in CommVault Systems by 139,562.5% during the first quarter. Picton Mahoney Asset Management now owns 11,173 shares of the software maker's stock worth $1,765,000 after buying an additional 11,165 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in CommVault Systems during the first quarter worth approximately $1,879,000. Finally, Prescott Group Capital Management L.L.C. boosted its holdings in CommVault Systems by 50.0% during the first quarter. Prescott Group Capital Management L.L.C. now owns 15,000 shares of the software maker's stock worth $2,366,000 after buying an additional 5,000 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

CommVault Systems Stock Performance

Shares of CommVault Systems stock traded up $9.26 during midday trading on Tuesday, reaching $194.90. 142,218 shares of the company's stock traded hands, compared to its average volume of 493,919. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 108.27 and a beta of 0.70. The company's 50 day simple moving average is $177.68 and its 200 day simple moving average is $170.05. CommVault Systems, Inc. has a 52 week low of $128.07 and a 52 week high of $200.68.

Analyst Ratings Changes

CVLT has been the subject of a number of research reports. KeyCorp raised their target price on shares of CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Piper Sandler raised their target price on shares of CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Royal Bank Of Canada raised their target price on shares of CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Wells Fargo & Company raised their target price on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, DA Davidson raised their target price on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, CommVault Systems currently has an average rating of "Moderate Buy" and a consensus target price of $205.63.

Insiders Place Their Bets

In related news, CEO Sanjay Mirchandani sold 1,709 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $299,075.00. Following the transaction, the chief executive officer directly owned 469,648 shares in the company, valued at approximately $82,188,400. This trade represents a 0.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gary Merrill sold 1,748 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $174.91, for a total transaction of $305,742.68. Following the completion of the transaction, the insider owned 89,923 shares in the company, valued at $15,728,431.93. The trade was a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

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.