Commvault Systems, Inc. (NASDAQ:CVLT) Shares Purchased by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. increased its stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 517,273 shares of the software maker's stock after purchasing an additional 65,822 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 1.18% of Commvault Systems worth $78,062,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Virtu Financial LLC raised its holdings in shares of Commvault Systems by 63.9% in the fourth quarter. Virtu Financial LLC now owns 8,243 shares of the software maker's stock worth $1,244,000 after acquiring an additional 3,214 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Commvault Systems by 0.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 632,870 shares of the software maker's stock valued at $95,506,000 after purchasing an additional 4,957 shares during the last quarter. Banco Santander S.A. acquired a new position in Commvault Systems in the fourth quarter valued at $833,000. New Age Alpha Advisors LLC acquired a new position in Commvault Systems in the fourth quarter valued at $1,387,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Commvault Systems in the fourth quarter valued at $367,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. William Blair upgraded Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. KeyCorp lowered their price target 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. Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a research report on Wednesday, April 23rd. StockNews.com raised Commvault Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, Piper Sandler lowered their price target on Commvault Systems from $154.00 to $147.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $158.00.

Commvault Systems Price Performance

CVLT traded up $1.01 on Tuesday, reaching $166.97. The company's stock had a trading volume of 249,479 shares, compared to its average volume of 412,182. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 43.90 and a beta of 0.68. Commvault Systems, Inc. has a 1 year low of $97.63 and a 1 year high of $190.11. The business's 50 day moving average is $158.88 and its 200 day moving average is $161.67.

Insider Activity at Commvault Systems

In other news, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction that occurred on 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 owns 87,316 shares in the company, valued at approximately $16,322,853.04. This trade represents a 3.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of the firm's stock in a transaction 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 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 currently 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.