Loomis Sayles & Co. L P bought a new stake in CommVault Systems, Inc. (NASDAQ:CVLT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 304,703 shares of the company’s stock, valued at approximately $15,662,000. Loomis Sayles & Co. L P owned 0.68% of CommVault Systems as of its most recent SEC filing.
Several other large investors also recently modified their holdings of CVLT. LS Investment Advisors LLC increased its stake in shares of CommVault Systems by 5.7% in the third quarter. LS Investment Advisors LLC now owns 2,634 shares of the company’s stock valued at $140,000 after buying an additional 141 shares during the last quarter. DIAM Co. Ltd. bought a new stake in shares of CommVault Systems during the third quarter valued at $169,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of CommVault Systems during the third quarter valued at $207,000. Fox Run Management L.L.C. bought a new stake in shares of CommVault Systems during the third quarter valued at $213,000. Finally, Parametrica Management Ltd bought a new stake in shares of CommVault Systems during the third quarter valued at $217,000. 91.11% of the stock is owned by institutional investors.
Shares of CommVault Systems, Inc. (NASDAQ:CVLT) traded down 1.37% on Friday, reaching $50.45. The company had a trading volume of 448,570 shares. The firm has a market capitalization of $2.27 billion, a PE ratio of 800.79 and a beta of 1.46. The company has a 50-day moving average price of $52.00 and a 200-day moving average price of $52.78. CommVault Systems, Inc. has a 52-week low of $35.44 and a 52-week high of $57.55.
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Several brokerages have recently weighed in on CVLT. Mizuho upped their target price on CommVault Systems from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, January 26th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 target price on shares of CommVault Systems in a research report on Wednesday, January 25th. BTIG Research reaffirmed a “buy” rating and issued a $61.00 target price on shares of CommVault Systems in a research report on Tuesday, January 24th. Finally, Zacks Investment Research downgraded CommVault Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. CommVault Systems presently has an average rating of “Buy” and a consensus target price of $57.67.
In related news, insider Al Bunte sold 50,000 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $50.00, for a total transaction of $2,500,000.00. Following the completion of the sale, the insider now directly owns 524,158 shares in the company, valued at $26,207,900. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Gary Merrill sold 1,467 shares of the stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $50.72, for a total value of $74,406.24. Following the sale, the insider now owns 29,716 shares of the company’s stock, valued at $1,507,195.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,919 shares of company stock valued at $3,452,517. 13.60% of the stock is owned by corporate insiders.
CommVault Systems Company Profile
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