Natixis Advisors LLC Has $1.63 Million Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Natixis Advisors LLC increased its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,826 shares of the software maker’s stock after purchasing an additional 238 shares during the period. Natixis Advisors LLC’s holdings in Commvault Systems were worth $1,634,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Caprock Group LLC bought a new position in shares of Commvault Systems in the third quarter valued at approximately $249,000. Charles Schwab Investment Management Inc. raised its holdings in Commvault Systems by 25.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock worth $90,278,000 after acquiring an additional 120,779 shares during the period. Citigroup Inc. lifted its position in Commvault Systems by 146.0% during the 3rd quarter. Citigroup Inc. now owns 47,867 shares of the software maker’s stock worth $7,364,000 after acquiring an additional 28,408 shares during the last quarter. Cerity Partners LLC bought a new stake in Commvault Systems during the third quarter valued at about $506,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Commvault Systems in the third quarter valued at about $126,000. 93.50% of the stock is currently owned by institutional investors.

Commvault Systems Stock Performance

Shares of Commvault Systems stock opened at $169.17 on Tuesday. Commvault Systems, Inc. has a twelve month low of $93.48 and a twelve month high of $190.11. The firm has a market cap of $7.44 billion, a P/E ratio of 44.40 and a beta of 0.62. The firm’s 50-day simple moving average is $166.03 and its 200-day simple moving average is $161.04.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Commvault Systems

In other news, 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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mirchandani sold 12,318 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the sale, 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 disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

About Commvault Systems

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.