Strengthening Families & Communities LLC Has $118,000 Stock Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Strengthening Families & Communities LLC decreased its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 95.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 779 shares of the software maker’s stock after selling 17,012 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Commvault Systems were worth $118,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Commvault Systems during the third quarter worth $33,000. Point72 DIFC Ltd acquired a new position in shares of Commvault Systems during the 3rd quarter worth about $71,000. Signaturefd LLC raised its holdings in shares of Commvault Systems by 43.9% in the 3rd quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock valued at $91,000 after purchasing an additional 180 shares during the period. TD Private Client Wealth LLC bought a new stake in shares of Commvault Systems in the 3rd quarter valued at about $105,000. Finally, Blue Trust Inc. lifted its stake in Commvault Systems by 38,400.0% in the 4th quarter. Blue Trust Inc. now owns 770 shares of the software maker’s stock valued at $118,000 after purchasing an additional 768 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. KeyCorp upped their price objective on Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. StockNews.com downgraded shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. Finally, Cantor Fitzgerald upped their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.44.

Commvault Systems Stock Up 2.0 %

Shares of NASDAQ:CVLT opened at $179.31 on Tuesday. Commvault Systems, Inc. has a 12-month low of $90.32 and a 12-month high of $181.51. The company’s 50 day moving average price is $162.11 and its two-hundred day moving average price is $156.27. The firm has a market cap of $7.89 billion, a PE ratio of 47.06 and a beta of 0.65.

Insiders Place Their Bets

In other Commvault Systems news, insider Gary Merrill sold 1,523 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $164.89, for a total transaction of $251,127.47. Following the sale, the insider now directly owns 93,007 shares in the company, valued at $15,335,924.23. This represents a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Allison Pickens sold 1,232 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $172.50, for a total transaction of $212,520.00. Following the completion of the transaction, the director now owns 5,899 shares of the company’s stock, valued at $1,017,577.50. The trade was a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,530 shares of company stock worth $2,244,755 in the last 90 days. 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.