Commvault Systems, Inc. (NASDAQ:CVLT) Stake Lowered by Guggenheim Capital LLC

Guggenheim Capital LLC lessened its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,339 shares of the software maker’s stock after selling 297 shares during the quarter. Guggenheim Capital LLC’s holdings in Commvault Systems were worth $504,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Chiron Investment Management LLC lifted its stake in shares of Commvault Systems by 13.5% in the fourth quarter. Chiron Investment Management LLC now owns 2,867 shares of the software maker’s stock worth $433,000 after buying an additional 341 shares during the last quarter. Mariner LLC raised its holdings in Commvault Systems by 3.7% in the 4th quarter. Mariner LLC now owns 3,310 shares of the software maker’s stock valued at $500,000 after acquiring an additional 118 shares in the last quarter. Barclays PLC raised its stake in shares of Commvault Systems by 25.5% in the fourth quarter. Barclays PLC now owns 108,484 shares of the software maker’s stock valued at $16,373,000 after purchasing an additional 22,049 shares in the last quarter. Townsquare Capital LLC lifted its holdings in shares of Commvault Systems by 14.4% during the 4th quarter. Townsquare Capital LLC now owns 43,185 shares of the software maker’s stock worth $6,517,000 after acquiring an additional 5,420 shares during the period. Finally, Capital Fund Management S.A. bought a new position in Commvault Systems during the fourth quarter worth about $1,709,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CVLT shares. Piper Sandler reduced their target price on shares of Commvault Systems from $154.00 to $147.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Cantor Fitzgerald raised their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. KeyCorp reduced their price objective on Commvault Systems from $195.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. Finally, StockNews.com raised Commvault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Commvault Systems currently has a consensus rating of “Moderate Buy” and an average target price of $158.00.

Insiders Place Their Bets

In related news, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total value of $2,290,655.28. Following the sale, the chief executive officer now directly owns 427,231 shares in the company, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gary Merrill sold 3,287 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 87,316 shares of the company’s stock, valued at approximately $16,322,853.04. This represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Commvault Systems Stock Up 1.3 %

NASDAQ:CVLT opened at $165.51 on Friday. The stock’s fifty day simple moving average is $159.28 and its 200-day simple moving average is $161.63. The firm has a market capitalization of $7.28 billion, a P/E ratio of 43.44 and a beta of 0.68. Commvault Systems, Inc. has a 12-month low of $97.10 and a 12-month high of $190.11.

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.