Commvault Systems, Inc. (NASDAQ:CVLT) Shares Bought by TFC Financial Management Inc.

TFC Financial Management Inc. boosted its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 294.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 402 shares of the software maker’s stock after acquiring an additional 300 shares during the period. TFC Financial Management Inc.’s holdings in Commvault Systems were worth $61,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Commvault Systems by 604.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker’s stock worth $98,479,000 after buying an additional 555,656 shares during the last quarter. Summit Partners Public Asset Management LLC purchased a new stake in shares of Commvault Systems during the 3rd quarter worth approximately $67,722,000. Charles Schwab Investment Management Inc. raised its position 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 valued at $90,278,000 after purchasing an additional 120,779 shares during the last quarter. Congress Asset Management Co. raised its position in Commvault Systems by 29.4% in the 3rd quarter. Congress Asset Management Co. now owns 492,162 shares of the software maker’s stock valued at $75,719,000 after purchasing an additional 111,715 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in Commvault Systems in the 3rd quarter valued at $15,264,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 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 research report on Wednesday, January 29th. Cantor Fitzgerald upped their price objective 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. StockNews.com downgraded shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. Finally, Oppenheimer began coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 price objective for the company. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Commvault Systems presently has a consensus rating of “Moderate Buy” and an average price target of $156.44.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $172.50, for a total value of $212,520.00. Following the transaction, the director now directly owns 5,899 shares in the company, valued at approximately $1,017,577.50. This represents a 17.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary Merrill sold 1,523 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $164.89, for a total transaction of $251,127.47. Following the completion of the transaction, the insider now owns 93,007 shares in the company, valued at approximately $15,335,924.23. This trade represents a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,530 shares of company stock worth $2,244,755. Corporate insiders own 1.00% of the company’s stock.

Commvault Systems Trading Up 0.0 %

Shares of NASDAQ CVLT opened at $178.55 on Thursday. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 46.86 and a beta of 0.65. Commvault Systems, Inc. has a 52 week low of $90.32 and a 52 week high of $181.51. The company’s 50-day moving average price is $162.44 and its 200 day moving average price is $157.05.

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.