Mutual of America Capital Management LLC Sells 528 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Mutual of America Capital Management LLC reduced its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,098 shares of the software maker’s stock after selling 528 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Commvault Systems worth $3,486,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CVLT. Allspring Global Investments Holdings LLC grew its position in shares of Commvault Systems by 604.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker’s stock valued at $98,479,000 after purchasing an additional 555,656 shares during the last quarter. Summit Partners Public Asset Management LLC acquired a new stake in shares of Commvault Systems in the third quarter valued at about $67,722,000. Charles Schwab Investment Management Inc. grew its position in shares of Commvault Systems by 25.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock valued at $90,278,000 after purchasing an additional 120,779 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Commvault Systems in the third quarter valued at about $15,264,000. Finally, FMR LLC grew its position in shares of Commvault Systems by 26.1% in the third quarter. FMR LLC now owns 466,315 shares of the software maker’s stock valued at $71,743,000 after purchasing an additional 96,525 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction that occurred on Wednesday, February 19th. The shares were 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. The trade was a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the transaction, the chief executive officer now owns 427,231 shares of the company’s stock, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Commvault Systems Stock Up 1.8 %

Shares of CVLT opened at $167.92 on Thursday. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 44.07 and a beta of 0.65. Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.11. The company has a 50-day moving average price of $165.25 and a two-hundred day moving average price of $160.35.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CVLT. William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. Cantor Fitzgerald lifted their target price on Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Oppenheimer began coverage on Commvault Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 target price on the stock. Finally, KeyCorp lifted their target price on Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.44.

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.