23 hours Ago By ABMN Staff
Commvault Systems ( NASDAQ:CVLT – Free Report ) had its target price upped by DA Davidson from $185.00 to $200.00 in a research note released on Tuesday morning, Benzinga reports.
DA Davidson currently has a buy rating on the software maker’s stock. Other research analysts also recently issued reports about the company. KeyCorp decreased their price target on Commvault Systems from $195.
00 to $185.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Cantor Fitzgerald raised their price objective on Commvault Systems from $159.
00 to $173.00 and gave the company a “neutral” 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. William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Finally, Piper Sandler cut their price objective on Commvault Systems from $154.
00 to $147.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company.
According to MarketBeat.com, Commvault Systems presently has an average rating of “Moderate Buy” and a consensus price target of $160.78.
Read Our Latest Stock Analysis on Commvault Systems Commvault Systems Stock Up 1.7 % Insider Buying and Selling In other Commvault Systems news, insider Gary Merrill sold 3,287 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was 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 in the company, valued at $16,322,853.
04. This trade represents a 3.63 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, CEO Sanjay Mirchandani sold 12,318 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 427,231 shares in the company, valued at approximately $79,447,876.
76. This trade represents a 2.80 % decrease in their position.
The disclosure for this sale can be found here . 1.00% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Commvault Systems Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC increased its stake in Commvault Systems by 63.9% during the 4th quarter.
Virtu Financial LLC now owns 8,243 shares of the software maker’s stock worth $1,244,000 after acquiring an additional 3,214 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Commvault Systems by 0.8% during the 4th quarter.
Arrowstreet Capital Limited Partnership now owns 632,870 shares of the software maker’s stock worth $95,506,000 after acquiring an additional 4,957 shares during the period. Banco Santander S.A.
bought a new position in Commvault Systems during the 4th quarter worth $833,000. New Age Alpha Advisors LLC bought a new position in shares of Commvault Systems in the 4th quarter valued at $1,387,000. Finally, Oppenheimer & Co.
Inc. bought a new position in shares of Commvault Systems in the 4th quarter valued at $367,000. Institutional investors own 93.
50% of the company’s stock. About Commvault Systems ( Get Free Report ) 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.
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