Allianz Asset Management GmbH Has $53.89 Million Stock Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Allianz Asset Management GmbH increased its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 357,121 shares of the software maker’s stock after acquiring an additional 28,016 shares during the quarter. Allianz Asset Management GmbH owned about 0.81% of Commvault Systems worth $53,893,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Commvault Systems in the third quarter valued at about $33,000. TFC Financial Management Inc. lifted its stake in Commvault Systems by 294.1% in the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock valued at $61,000 after buying an additional 300 shares during the period. Point72 DIFC Ltd acquired a new position in Commvault Systems in the third quarter valued at about $71,000. Signaturefd LLC lifted its stake in Commvault Systems by 43.9% in the third quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock valued at $91,000 after buying an additional 180 shares during the period. Finally, TD Private Client Wealth LLC acquired a new position in Commvault Systems in the third quarter valued at about $105,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Commvault Systems Stock Performance

NASDAQ:CVLT opened at $170.61 on Friday. The company has a market cap of $7.51 billion, a PE ratio of 44.78 and a beta of 0.65. Commvault Systems, Inc. has a 52-week low of $92.36 and a 52-week high of $190.11. The stock has a 50-day simple moving average of $164.01 and a 200 day simple moving average of $159.26.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CVLT. William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a research report on Wednesday, January 29th. KeyCorp raised their price target on Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. StockNews.com lowered Commvault Systems from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Finally, Royal Bank of Canada raised their price target on Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Commvault Systems currently has an average rating of “Hold” and an average target price of $156.44.

Insider Buying and Selling

In other Commvault Systems news, CEO Sanjay Mirchandani sold 12,318 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 427,231 shares in the company, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gary Merrill sold 3,287 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following the completion of the transaction, the insider now owns 87,316 shares of the company’s stock, valued at approximately $16,322,853.04. This represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,837 shares of company stock worth $3,117,647. 1.00% of the stock is owned by corporate insiders.

About Commvault Systems

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.