Teacher Retirement System of Texas Raises Stock Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Teacher Retirement System of Texas grew its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 31.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,081 shares of the software maker’s stock after acquiring an additional 7,878 shares during the quarter. Teacher Retirement System of Texas owned about 0.08% of Commvault Systems worth $4,992,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. TFC Financial Management Inc. boosted its stake in Commvault Systems by 294.1% during the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock worth $61,000 after purchasing an additional 300 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Commvault Systems during the third quarter worth about $71,000. TD Private Client Wealth LLC purchased a new position in shares of Commvault Systems during the third quarter worth about $105,000. Blue Trust Inc. increased its position in Commvault Systems by 37,400.0% in the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock valued at $113,000 after acquiring an additional 748 shares during the period. Finally, Centaurus Financial Inc. purchased a new stake in Commvault Systems during the 3rd quarter valued at approximately $126,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Commvault Systems Stock Down 0.4 %

Shares of NASDAQ CVLT opened at $161.52 on Monday. The stock has a market capitalization of $7.11 billion, a PE ratio of 42.39 and a beta of 0.62. The firm has a fifty day moving average of $165.77 and a 200-day moving average of $160.89. Commvault Systems, Inc. has a 52-week low of $93.48 and a 52-week high of $190.11.

Insider Activity at Commvault Systems

In other news, insider Gary Merrill sold 3,287 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 87,316 shares of the company’s stock, 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 SEC, which is available at this link. Also, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction 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 transaction, the chief executive officer now owns 427,231 shares in the company, valued at $79,447,876.76. The trade was a 2.80 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com raised Commvault Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. KeyCorp raised their target price on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Cantor Fitzgerald boosted their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, William Blair raised shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Commvault Systems currently has a consensus rating of “Moderate Buy” and an average target price of $156.44.

About Commvault Systems

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.