Thrivent Financial for Lutherans Decreases Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Thrivent Financial for Lutherans cut its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 12.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 69,449 shares of the software maker’s stock after selling 9,957 shares during the period. Thrivent Financial for Lutherans owned approximately 0.16% of Commvault Systems worth $10,481,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in Commvault Systems by 3.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker’s stock valued at $296,000 after purchasing an additional 66 shares during the period. CIBC Asset Management Inc increased its holdings in Commvault Systems by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,413 shares of the software maker’s stock valued at $213,000 after buying an additional 75 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Commvault Systems by 4.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,439 shares of the software maker’s stock valued at $368,000 after buying an additional 93 shares during the last quarter. GAMMA Investing LLC increased its holdings in Commvault Systems by 13.7% during the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock valued at $152,000 after buying an additional 121 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Commvault Systems by 1.0% during the fourth quarter. New York State Common Retirement Fund now owns 13,713 shares of the software maker’s stock valued at $2,069,000 after buying an additional 141 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Commvault Systems Price Performance

CVLT stock opened at $161.52 on Friday. The company has a market capitalization of $7.11 billion, a PE ratio of 42.39 and a beta of 0.62. Commvault Systems, Inc. has a 12 month low of $93.48 and a 12 month high of $190.11. The firm’s 50-day moving average is $165.77 and its 200 day moving average is $160.81.

Wall Street Analyst Weigh In

A number of analysts have commented on CVLT shares. Cantor Fitzgerald upped their target price 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. KeyCorp increased their price objective on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. William Blair raised shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Finally, StockNews.com raised shares of Commvault Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.44.

Insider Buying and Selling

In related news, CEO Sanjay Mirchandani sold 12,318 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 427,231 shares of the company’s stock, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gary Merrill sold 3,287 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total transaction of $614,471.78. Following the completion of the transaction, the insider now directly owns 87,316 shares in the company, valued at $16,322,853.04. This represents 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 insiders.

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.