Parametrica Management Ltd Purchases New Shares in Commvault Systems, Inc. (NASDAQ:CVLT)

Parametrica Management Ltd acquired a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,391 shares of the software maker’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EFG Asset Management North America Corp. raised its stake in Commvault Systems by 58.6% during the 4th quarter. EFG Asset Management North America Corp. now owns 33,422 shares of the software maker’s stock valued at $5,040,000 after purchasing an additional 12,345 shares during the period. Prudential Financial Inc. lifted its stake in Commvault Systems by 64.8% in the 4th quarter. Prudential Financial Inc. now owns 126,870 shares of the software maker’s stock worth $19,146,000 after acquiring an additional 49,889 shares in the last quarter. Congress Wealth Management LLC DE boosted its position in Commvault Systems by 12.2% during the 4th quarter. Congress Wealth Management LLC DE now owns 88,903 shares of the software maker’s stock worth $13,416,000 after acquiring an additional 9,634 shares during the period. Emerald Advisers LLC grew its stake in Commvault Systems by 1.3% during the 4th quarter. Emerald Advisers LLC now owns 70,450 shares of the software maker’s stock valued at $10,632,000 after acquiring an additional 925 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Commvault Systems by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 5,636,559 shares of the software maker’s stock valued at $850,613,000 after purchasing an additional 54,562 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Commvault Systems Trading Up 2.8 %

NASDAQ:CVLT opened at $173.99 on Wednesday. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 45.67 and a beta of 0.62. Commvault Systems, Inc. has a 1-year low of $93.48 and a 1-year high of $190.11. The business’s 50-day moving average price is $166.30 and its two-hundred day moving average price is $161.28.

Insider Activity

In related news, insider Gary Merrill sold 3,287 shares of the firm’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 directly owns 87,316 shares in the company, valued at $16,322,853.04. This trade represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mirchandani sold 12,318 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 427,231 shares of the company’s stock, valued at approximately $79,447,876.76. The trade was 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 currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on CVLT. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. StockNews.com upgraded Commvault Systems from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. KeyCorp boosted their target price on Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Cantor Fitzgerald raised their price target 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, Guggenheim restated a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $156.44.

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.