KBC Group NV Buys 684 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

KBC Group NV grew its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 60.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,816 shares of the software maker’s stock after acquiring an additional 684 shares during the period. KBC Group NV’s holdings in Commvault Systems were worth $274,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages have issued reports on CVLT. Oppenheimer assumed coverage on shares of Commvault Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price target on the stock. William Blair upgraded Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Royal Bank of Canada raised their price target on Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. KeyCorp increased their price objective on Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Commvault Systems has an average rating of “Moderate Buy” and a consensus target price of $156.44.

Insider Buying and Selling at Commvault Systems

In other news, insider Gary Merrill sold 1,523 shares of the 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 transaction, the insider now directly owns 93,007 shares in the company, valued at approximately $15,335,924.23. This represents a 1.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Allison Pickens sold 1,232 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $172.50, for a total transaction of $212,520.00. Following the completion of the sale, the director now directly owns 5,899 shares of the company’s stock, valued at $1,017,577.50. This represents a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,530 shares of company stock worth $2,244,755 over the last three months. 1.00% of the stock is currently owned by insiders.

Commvault Systems Trading Up 0.0 %

Shares of NASDAQ:CVLT opened at $159.31 on Tuesday. Commvault Systems, Inc. has a 1-year low of $90.32 and a 1-year high of $178.72. The stock’s fifty day simple moving average is $162.55 and its two-hundred day simple moving average is $154.64. The stock has a market cap of $7.01 billion, a PE ratio of 41.81 and a beta of 0.65.

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.