Commvault Systems, Inc. (NASDAQ:CVLT) Shares Acquired by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT grew its stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 8.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,551 shares of the software maker’s stock after purchasing an additional 352 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Commvault Systems were worth $687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its stake in Commvault Systems by 3.5% during the 4th 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 in the last quarter. GAMMA Investing LLC increased its position in shares of Commvault Systems by 13.7% in the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock valued at $152,000 after acquiring an additional 121 shares during the period. OLD National Bancorp IN lifted its position in Commvault Systems by 7.1% during the 4th quarter. OLD National Bancorp IN now owns 2,187 shares of the software maker’s stock worth $330,000 after acquiring an additional 145 shares during the period. Lindenwold Advisors INC grew its stake in Commvault Systems by 2.4% during the 3rd quarter. Lindenwold Advisors INC now owns 7,028 shares of the software maker’s stock valued at $1,081,000 after purchasing an additional 164 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Commvault Systems by 43.9% in the third quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock worth $91,000 after purchasing an additional 180 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $172.50, for a total transaction of $212,520.00. Following the completion of the sale, the director now directly owns 5,899 shares in the company, valued at approximately $1,017,577.50. The trade was a 17.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary Merrill sold 1,523 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $164.89, for a total value 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,530 shares of company stock worth $2,244,755. Company insiders own 1.00% of the company’s stock.

Commvault Systems Price Performance

Shares of NASDAQ:CVLT opened at $167.28 on Wednesday. The business’s 50 day moving average price is $162.02 and its 200-day moving average price is $155.23. Commvault Systems, Inc. has a 1 year low of $90.32 and a 1 year high of $178.72. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 43.91 and a beta of 0.65.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. Cantor Fitzgerald upped 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. Oppenheimer began coverage on shares of Commvault Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 target price for the company. 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 report on Wednesday, October 30th. Finally, KeyCorp lifted their price objective on Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.44.

Commvault Systems 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.