Corient Private Wealth LLC Purchases 224 Shares of Commvault Systems, Inc. (NASDAQ:CVLT)

Corient Private Wealth LLC raised its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 8.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,909 shares of the software maker’s stock after buying an additional 224 shares during the period. Corient Private Wealth LLC’s holdings in Commvault Systems were worth $439,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CVLT. TFC Financial Management Inc. grew its holdings in Commvault Systems by 294.1% during the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker’s stock worth $61,000 after acquiring an additional 300 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Commvault Systems in the third quarter valued at $71,000. TD Private Client Wealth LLC acquired a new position in Commvault Systems during the 3rd quarter worth about $105,000. Blue Trust Inc. grew its position in shares of Commvault Systems by 37,400.0% in the 4th quarter. Blue Trust Inc. now owns 750 shares of the software maker’s stock valued at $113,000 after buying an additional 748 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Commvault Systems by 13.7% in 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 period. 93.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Cantor Fitzgerald upped their target price on Commvault Systems from $159.00 to $173.00 and gave the company 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. Guggenheim reiterated a “neutral” rating on shares of Commvault Systems 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. Finally, KeyCorp raised their price target on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Five investment 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 a consensus target price of $156.44.

Insider Buying and Selling

In other news, CEO Sanjay Mirchandani sold 12,318 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 427,231 shares of the company’s stock, valued at approximately $79,447,876.76. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gary Merrill sold 3,287 shares of Commvault Systems stock in a transaction 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 sale, the insider now directly owns 87,316 shares of the company’s stock, 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 owned by insiders.

Commvault Systems Trading Down 2.0 %

Commvault Systems stock opened at $161.98 on Friday. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 42.51 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 business’s 50 day simple moving average is $166.47 and its 200 day simple moving average is $161.60.

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.