Commvault Systems, Inc. (NASDAQ:CVLT) Stock Holdings Lessened by Amundi

Amundi cut its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 23.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,230 shares of the software maker’s stock after selling 15,082 shares during the quarter. Amundi owned 0.11% of Commvault Systems worth $7,768,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, insider Gary Merrill sold 3,287 shares of Commvault Systems 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 in the company, valued at $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 through this link. Also, CEO Sanjay Mirchandani sold 12,318 shares of the company’s stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Commvault Systems Price Performance

Shares of NASDAQ:CVLT opened at $159.17 on Friday. The stock has a market capitalization of $7.00 billion, a P/E ratio of 41.78 and a beta of 0.62. The business has a 50-day moving average of $165.22 and a two-hundred day moving average of $160.48. Commvault Systems, Inc. has a fifty-two week low of $93.48 and a fifty-two week high of $190.11.

Wall Street Analyst Weigh In

CVLT has been the topic of several research analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Commvault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. KeyCorp lifted their target price 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. William Blair raised shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. Finally, Cantor Fitzgerald lifted their price objective on Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $156.44.

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.