Raymond James Financial Inc. Buys New Shares in Commvault Systems, Inc. (NASDAQ:CVLT)

Raymond James Financial Inc. bought a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,651 shares of the software maker’s stock, valued at approximately $2,815,000.

A number of other large investors have also bought and sold shares of CVLT. Atria Investments Inc boosted its position in shares of Commvault Systems by 10.0% during the 4th quarter. Atria Investments Inc now owns 2,950 shares of the software maker’s stock worth $445,000 after purchasing an additional 268 shares in the last quarter. Norden Group LLC raised its stake in Commvault Systems by 6.6% during the 4th quarter. Norden Group LLC now owns 5,840 shares of the software maker’s stock worth $881,000 after buying an additional 364 shares during the period. Oppenheimer & Co. Inc. bought a new position in Commvault Systems in the fourth quarter worth approximately $367,000. Convergence Financial LLC acquired a new stake in Commvault Systems in the fourth quarter valued at approximately $209,000. Finally, Illinois Municipal Retirement Fund bought a new stake in shares of Commvault Systems during the fourth quarter valued at approximately $733,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CVLT shares. William Blair upgraded Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. KeyCorp upped their price objective on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Guggenheim reiterated a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. StockNews.com raised shares of Commvault Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, Cantor Fitzgerald lifted their price target on Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.44.

Insider Transactions at Commvault Systems

In related news, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems 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 completion of the transaction, the chief executive officer now directly owns 427,231 shares in the company, valued at approximately $79,447,876.76. The trade was a 2.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary Merrill sold 3,287 shares of the business’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. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Commvault Systems Stock Performance

CVLT opened at $161.98 on Friday. Commvault Systems, Inc. has a fifty-two week low of $93.48 and a fifty-two week high of $190.11. The firm has a 50-day moving average of $166.47 and a 200 day moving average of $161.47. The firm has a market cap of $7.13 billion, a P/E ratio of 42.51 and a beta of 0.62.

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.