Pictet Asset Management Holding SA Purchases 721 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Pictet Asset Management Holding SA raised its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 13.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,091 shares of the software maker’s stock after purchasing an additional 721 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Commvault Systems were worth $919,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. TFC Financial Management Inc. grew its holdings in shares of Commvault Systems by 294.1% during the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock valued at $61,000 after buying an additional 300 shares during the last quarter. Point72 DIFC Ltd bought a new position in Commvault Systems in the 3rd quarter valued at approximately $71,000. TD Private Client Wealth LLC purchased a new stake in Commvault Systems during the 3rd quarter valued at $105,000. Blue Trust Inc. increased its holdings in shares of Commvault Systems by 37,400.0% in 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 in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Commvault Systems by 13.7% in the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock worth $152,000 after purchasing an additional 121 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 $79,447,876.76. This represents a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 3,287 shares of Commvault Systems 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 sale, the insider now owns 87,316 shares in the company, valued at approximately $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 owned by corporate insiders.

Commvault Systems Trading Down 8.9 %

NASDAQ CVLT opened at $139.35 on Monday. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 36.57 and a beta of 0.68. Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.11. The company’s 50 day moving average is $165.87 and its two-hundred day moving average is $161.97.

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.