19 hours Ago By Defense World Staff
Charles Schwab Investment Management Inc. lowered its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT – Free Report) by 1.
8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 576,466 shares of the software maker’s stock after selling 10,329 shares during the period. Charles Schwab Investment Management Inc.
owned 1.31% of Commvault Systems worth $86,994,000 as of its most recent SEC filing. A number of other large investors have also made changes to their positions in CVLT.
Capital Performance Advisors LLP acquired a new stake in shares of Commvault Systems during the third quarter valued at $33,000. TFC Financial Management Inc. boosted its stake in shares of Commvault Systems by 294.
1% during the fourth 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 during the last quarter.
Point72 DIFC Ltd acquired a new stake in shares of Commvault Systems during the third quarter valued at $71,000. TD Private Client Wealth LLC acquired a new stake in shares of Commvault Systems during the third quarter valued at $105,000. Finally, Blue Trust Inc.
boosted its stake 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 acquiring an additional 748 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.
Commvault Systems Price PerformanceCommvault Systems stock opened at $148.48 on Tuesday. The stock’s 50-day moving average is $165.
22 and its 200-day moving average is $160.50. The company has a market cap of $6.
53 billion, a price-to-earnings ratio of 38.97 and a beta of 0.62.
Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.
11. Insider Activity at Commvault SystemsIn related news, CEO Sanjay Mirchandani sold 12,318 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was 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 directly owns 427,231 shares in the company, valued at approximately $79,447,876.
76. This trade represents a 2.80 % decrease in their position.
The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gary Merrill sold 3,287 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $186.
94, for a total value of $614,471.78. Following the sale, 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 disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Wall Street Analysts Forecast GrowthA number of analysts have issued reports on the company. Oppenheimer assumed coverage on Commvault Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $200.
00 price target on the stock. StockNews.com raised Commvault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.
Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. Finally, KeyCorp raised their price target on Commvault Systems from $192.
00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company.
Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.44.
Check Out Our Latest Analysis on CVLTCommvault Systems Profile (Free Report)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.See AlsoFive stocks we like better than Commvault SystemsWhat Are Treasury Bonds?How to Protect Your Portfolio When Inflation Is RisingTop Stocks Investing in 5G Technology3 Tech Stocks Defying Sector Weakness and Thriving in 2025What is MarketRank? How to Use itDespite Challenges Novo Nordisk Plans to Crush GLP-1 Competitors.
