Teacher Retirement System of Texas Has $1.64 Million Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Teacher Retirement System of Texas reduced its holdings in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,499 shares of the software maker's stock after selling 11,816 shares during the period. Teacher Retirement System of Texas' holdings in Commvault Systems were worth $1,637,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Commvault Systems by 2.7% in the third quarter. Vanguard Group Inc. now owns 5,426,814 shares of the software maker's stock worth $366,907,000 after acquiring an additional 144,625 shares during the last quarter. Invesco Ltd. increased its position in Commvault Systems by 50.9% in the 3rd quarter. Invesco Ltd. now owns 629,282 shares of the software maker's stock worth $42,546,000 after purchasing an additional 212,325 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Commvault Systems by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 472,291 shares of the software maker's stock worth $37,712,000 after purchasing an additional 12,624 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Commvault Systems by 14.9% during the 3rd quarter. AQR Capital Management LLC now owns 345,628 shares of the software maker's stock valued at $23,368,000 after buying an additional 44,816 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of Commvault Systems by 7.0% in the 3rd quarter. Retirement Systems of Alabama now owns 276,195 shares of the software maker's stock valued at $18,674,000 after buying an additional 18,115 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CVLT shares. KeyCorp lifted their target price on shares of Commvault Systems from $109.00 to $122.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Royal Bank of Canada lifted their price objective on shares of Commvault Systems from $97.00 to $112.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 1st. DA Davidson increased their target price on shares of Commvault Systems from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. Lake Street Capital boosted their price target on Commvault Systems from $86.00 to $98.00 and gave the stock a "hold" rating in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company upped their price target on Commvault Systems from $125.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $119.40.

Commvault Systems Trading Up 0.5 %

Commvault Systems stock traded up $0.51 on Friday, reaching $111.24. 313,028 shares of the stock were exchanged, compared to its average volume of 355,203. Commvault Systems, Inc. has a twelve month low of $63.70 and a twelve month high of $113.37. The firm has a fifty day moving average price of $101.07 and a two-hundred day moving average price of $88.22. The stock has a market cap of $4.83 billion, a PE ratio of 29.59 and a beta of 0.64.

Insider Transactions at Commvault Systems

In other news, Director Allison Pickens sold 990 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $94.73, for a total transaction of $93,782.70. Following the completion of the transaction, the director now directly owns 7,206 shares in the company, valued at $682,624.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Gary Merrill sold 6,040 shares of Commvault Systems stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $110.20, for a total transaction of $665,608.00. Following the sale, the chief financial officer now directly owns 128,207 shares of the company's stock, valued at $14,128,411.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Allison Pickens sold 990 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $94.73, for a total value of $93,782.70. Following the completion of the transaction, the director now directly owns 7,206 shares of the company's stock, valued at approximately $682,624.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,821 shares of company stock worth $4,982,793. Company insiders own 1.00% of the company's stock.

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.