Johnson Investment Counsel Inc. Sells 543 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Johnson Investment Counsel Inc. lessened its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 28.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,360 shares of the software maker’s stock after selling 543 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Commvault Systems were worth $205,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. boosted its stake in Commvault Systems by 17.5% in the third quarter. Crossmark Global Holdings Inc. now owns 3,227 shares of the software maker’s stock valued at $497,000 after acquiring an additional 480 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Commvault Systems in the 3rd quarter valued at $1,167,000. KBC Group NV boosted its position in shares of Commvault Systems by 32.4% in the 3rd quarter. KBC Group NV now owns 1,132 shares of the software maker’s stock worth $174,000 after purchasing an additional 277 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of Commvault Systems in the 3rd quarter worth $206,000. Finally, Sawgrass Asset Management LLC acquired a new stake in shares of Commvault Systems during the third quarter worth $207,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Commvault Systems Stock Up 7.3 %

Shares of CVLT stock opened at $159.17 on Friday. Commvault Systems, Inc. has a 12-month low of $93.48 and a 12-month high of $190.11. The firm has a fifty day moving average of $165.22 and a 200-day moving average of $160.41. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 41.78 and a beta of 0.62.

Insider Buying and Selling

In related news, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 of the company’s stock, valued at approximately $16,322,853.04. This trade represents a 3.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Mirchandani sold 12,318 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 427,231 shares in the company, valued at $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.

Analyst Ratings Changes

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