Dynamic Technology Lab Private Ltd Boosts Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Dynamic Technology Lab Private Ltd increased its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,460 shares of the software maker’s stock after acquiring an additional 1,121 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Commvault Systems were worth $1,729,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CVLT. TFC Financial Management Inc. boosted its holdings in shares of Commvault Systems by 294.1% in the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock valued at $61,000 after acquiring an additional 300 shares during the period. Point72 DIFC Ltd purchased a new stake in Commvault Systems in the 3rd quarter valued at $71,000. TD Private Client Wealth LLC acquired a new stake in Commvault Systems during the 3rd quarter worth $105,000. Blue Trust Inc. grew its position in Commvault Systems by 37,400.0% during the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock worth $113,000 after purchasing an additional 748 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Commvault Systems in the fourth quarter valued at $127,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Commvault Systems Trading Down 8.9 %

NASDAQ:CVLT opened at $139.35 on Friday. The company has a market capitalization of $6.13 billion, a P/E ratio of 36.57 and a beta of 0.62. The firm has a 50-day moving average price of $165.87 and a two-hundred day moving average price of $161.79. Commvault Systems, Inc. has a twelve month low of $93.48 and a twelve month high of $190.11.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. William Blair upgraded Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. KeyCorp upped their price objective on Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. StockNews.com upgraded Commvault Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, Cantor Fitzgerald boosted their target price on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.44.

Insider Activity

In related news, insider Gary Merrill sold 3,287 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following the completion of the transaction, the insider now owns 87,316 shares of the company’s stock, valued at approximately $16,322,853.04. The trade was a 3.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mirchandani sold 12,318 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.