Legato Capital Management LLC Grows Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Legato Capital Management LLC boosted its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 28.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,245 shares of the software maker’s stock after buying an additional 1,600 shares during the period. Legato Capital Management LLC’s holdings in Commvault Systems were worth $1,093,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CVLT. Capital Performance Advisors LLP acquired a new stake in shares of Commvault Systems in the 3rd quarter worth $33,000. Point72 DIFC Ltd purchased a new position in Commvault Systems during the third quarter worth about $71,000. Signaturefd LLC lifted its position in Commvault Systems by 43.9% in the third quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock valued at $91,000 after purchasing an additional 180 shares during the period. TD Private Client Wealth LLC purchased a new stake in Commvault Systems in the 3rd quarter valued at approximately $105,000. Finally, Blue Trust Inc. increased its position in Commvault Systems by 38,400.0% during the 4th quarter. Blue Trust Inc. now owns 770 shares of the software maker’s stock worth $118,000 after purchasing an additional 768 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on CVLT shares. Oppenheimer began coverage on Commvault Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price target for the company. StockNews.com cut Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. KeyCorp boosted their target price on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada boosted their price objective on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Five research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.44.

Insider Buying and Selling at Commvault Systems

In related news, insider Gary Merrill sold 1,523 shares of Commvault Systems stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $164.89, for a total transaction of $251,127.47. Following the completion of the sale, the insider now owns 93,007 shares in the company, valued at approximately $15,335,924.23. This trade represents a 1.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Allison Pickens sold 1,232 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $172.50, for a total transaction of $212,520.00. Following the completion of the transaction, the director now directly owns 5,899 shares of the company’s stock, valued at $1,017,577.50. The trade was a 17.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,530 shares of company stock valued at $2,244,755 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

Commvault Systems Stock Up 0.0 %

Commvault Systems stock opened at $178.55 on Thursday. The firm’s 50-day simple moving average is $162.44 and its 200 day simple moving average is $157.05. Commvault Systems, Inc. has a 52 week low of $90.32 and a 52 week high of $181.51. The firm has a market capitalization of $7.86 billion, a PE ratio of 46.86 and a beta of 0.65.

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.