Commvault Systems, Inc. (NASDAQ:CVLT) Stock Holdings Lifted by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC lifted its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 29.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,143 shares of the software maker’s stock after acquiring an additional 1,163 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Commvault Systems were worth $776,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Trexquant Investment LP acquired a new stake in shares of Commvault Systems during the fourth quarter worth approximately $6,291,000. Geode Capital Management LLC boosted its stake in shares of Commvault Systems by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 1,288,068 shares of the software maker’s stock valued at $194,681,000 after buying an additional 43,088 shares during the period. Franklin Resources Inc. boosted its stake in shares of Commvault Systems by 19.0% during the 4th quarter. Franklin Resources Inc. now owns 50,735 shares of the software maker’s stock valued at $7,656,000 after buying an additional 8,108 shares during the period. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Commvault Systems during the 4th quarter valued at $1,583,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Commvault Systems during the fourth quarter worth $127,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total value of $2,290,655.28. Following the completion of the sale, the chief executive officer now directly owns 427,231 shares of the company’s stock, valued at $79,447,876.76. This represents a 2.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gary Merrill sold 3,287 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total transaction of $614,471.78. Following 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 position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Commvault Systems Stock Performance

Shares of NASDAQ:CVLT opened at $166.39 on Thursday. Commvault Systems, Inc. has a 52-week low of $93.48 and a 52-week high of $190.11. The company has a market cap of $7.32 billion, a P/E ratio of 43.67 and a beta of 0.62. The stock’s 50-day moving average is $166.45 and its 200-day moving average is $161.93.

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.