Blue Trust Inc. Has $118,000 Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Blue Trust Inc. boosted its position in Commvault Systems, Inc. (NASDAQ:CVLT) by 38,400.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 770 shares of the software maker’s stock after buying an additional 768 shares during the quarter. Blue Trust Inc.’s holdings in Commvault Systems were worth $118,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in shares of Commvault Systems by 3.5% in the fourth 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 during the last quarter. Simon Quick Advisors LLC grew its position in Commvault Systems by 20.7% in the fourth quarter. Simon Quick Advisors LLC now owns 2,445 shares of the software maker’s stock valued at $369,000 after purchasing an additional 419 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in Commvault Systems by 0.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 116,772 shares of the software maker’s stock valued at $17,622,000 after buying an additional 300 shares during the last quarter. Diversify Wealth Management LLC lifted its position in Commvault Systems by 19.3% during the 4th quarter. Diversify Wealth Management LLC now owns 4,033 shares of the software maker’s stock worth $621,000 after buying an additional 653 shares in the last quarter. Finally, Ellsworth Advisors LLC boosted its stake in shares of Commvault Systems by 4.8% during the 4th quarter. Ellsworth Advisors LLC now owns 4,454 shares of the software maker’s stock worth $672,000 after buying an additional 202 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Transactions at Commvault Systems

In related news, CEO Sanjay Mirchandani sold 10,775 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the completion of the sale, the chief executive officer now owns 459,969 shares of the company’s stock, valued at $76,032,875.70. This represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 1,523 shares of the business’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 transaction of $251,127.47. Following the completion of the transaction, the insider now owns 93,007 shares of the company’s stock, valued at $15,335,924.23. The trade was a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,530 shares of company stock valued at $2,244,755. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CVLT shares. William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. KeyCorp lifted 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. Cantor Fitzgerald increased their price objective on shares of Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Commvault Systems has an average rating of “Moderate Buy” and a consensus target price of $156.44.

Commvault Systems Stock Performance

NASDAQ:CVLT opened at $172.54 on Friday. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 45.29 and a beta of 0.65. Commvault Systems, Inc. has a 52 week low of $90.32 and a 52 week high of $178.72. The firm’s 50-day simple moving average is $162.00 and its 200 day simple moving average is $155.34.

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.