Jupiter Asset Management Ltd. Decreases Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Jupiter Asset Management Ltd. cut its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 233,025 shares of the software maker’s stock after selling 9,885 shares during the quarter. Jupiter Asset Management Ltd. owned 0.53% of Commvault Systems worth $35,166,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its stake in shares of Commvault Systems by 3.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker’s stock worth $296,000 after acquiring an additional 66 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Commvault Systems by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,413 shares of the software maker’s stock worth $213,000 after acquiring an additional 75 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Commvault Systems by 4.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,439 shares of the software maker’s stock worth $368,000 after acquiring an additional 93 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Commvault Systems by 13.7% in the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock worth $152,000 after buying an additional 121 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Commvault Systems by 1.0% in the fourth quarter. New York State Common Retirement Fund now owns 13,713 shares of the software maker’s stock worth $2,069,000 after buying an additional 141 shares during the period. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Gary Merrill sold 3,287 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total transaction 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of the business’s 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 sale, the chief executive officer now 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 disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

CVLT has been the topic of several analyst reports. William Blair raised shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. Oppenheimer initiated coverage on shares of Commvault Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 target price on the stock. KeyCorp lifted 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. StockNews.com raised shares of Commvault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $156.44.

Commvault Systems Trading Up 2.3 %

Shares of CVLT stock opened at $151.95 on Wednesday. Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.11. The stock has a market cap of $6.69 billion, a PE ratio of 39.88 and a beta of 0.62. The company’s fifty day moving average price is $165.24 and its 200-day moving average price is $160.50.

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.