HighTower Advisors LLC Has $2.13 Million Position in Commvault Systems, Inc. (NASDAQ:CVLT)

HighTower Advisors LLC grew its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,116 shares of the software maker’s stock after acquiring an additional 878 shares during the quarter. HighTower Advisors LLC’s holdings in Commvault Systems were worth $2,130,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CVLT. TFC Financial Management Inc. boosted its position in shares of 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 acquiring an additional 300 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Commvault Systems in the third quarter valued at about $71,000. TD Private Client Wealth LLC bought a new stake in shares of Commvault Systems in the third quarter valued at about $105,000. Blue Trust Inc. boosted its position in shares of Commvault Systems by 37,400.0% in the fourth quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock valued at $113,000 after acquiring an additional 748 shares during the period. Finally, Centaurus Financial Inc. bought a new stake in shares of Commvault Systems in the third quarter valued at about $126,000. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CVLT. Guggenheim reissued a “neutral” rating on shares of Commvault Systems 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 raised shares of Commvault Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. 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. 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.44.

Insider Transactions at Commvault Systems

In other news, insider Gary Merrill sold 3,287 shares of the stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Commvault Systems Trading Down 0.4 %

CVLT stock opened at $161.52 on Friday. The stock has a market capitalization of $7.11 billion, a P/E 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 has a 50-day moving average price of $165.77 and a 200-day moving average price of $160.81.

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.