Commvault Systems, Inc. (NASDAQ:CVLT) Stock Position Lifted by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lifted its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 58.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,422 shares of the software maker’s stock after purchasing an additional 12,345 shares during the quarter. EFG Asset Management North America Corp. owned about 0.08% of Commvault Systems worth $5,040,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVLT. Caprock Group LLC bought a new stake in shares of Commvault Systems during the 3rd quarter worth about $249,000. Charles Schwab Investment Management Inc. lifted its position in 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 worth $90,278,000 after purchasing an additional 120,779 shares during the period. Citigroup Inc. boosted its stake in Commvault Systems by 146.0% during the 3rd quarter. Citigroup Inc. now owns 47,867 shares of the software maker’s stock valued at $7,364,000 after purchasing an additional 28,408 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of Commvault Systems during the 3rd quarter valued at $506,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Commvault Systems in the third quarter valued at $126,000. Institutional investors own 93.50% of the company’s stock.

Commvault Systems Trading Up 4.7 %

Shares of Commvault Systems stock opened at $169.17 on Tuesday. Commvault Systems, Inc. has a 1 year low of $93.48 and a 1 year high of $190.11. The stock has a 50-day moving average price of $166.03 and a 200 day moving average price of $161.04. The company has a market cap of $7.44 billion, a P/E ratio of 44.40 and a beta of 0.62.

Analysts Set New Price Targets

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

Insider Transactions at Commvault Systems

In other Commvault Systems news, insider Gary Merrill sold 3,287 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total value of $614,471.78. Following the transaction, the insider now directly owns 87,316 shares of the company’s stock, valued at $16,322,853.04. This represents a 3.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction dated 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 sale, the chief executive officer now owns 427,231 shares of the company’s stock, valued at approximately $79,447,876.76. This represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

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.