Jackson Creek Investment Advisors LLC Reduces Stock Position in Commvault Systems, Inc. (NASDAQ:CVLT)

Jackson Creek Investment Advisors LLC cut its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,565 shares of the software maker’s stock after selling 318 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Commvault Systems were worth $1,594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CVLT. Nisa Investment Advisors LLC lifted its stake in Commvault Systems by 3.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker’s stock worth $296,000 after purchasing an additional 66 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Commvault Systems by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,413 shares of the software maker’s stock worth $213,000 after purchasing an additional 75 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Commvault Systems by 13.7% during the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock worth $152,000 after buying an additional 121 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Commvault Systems by 1.0% in the 4th quarter. New York State Common Retirement Fund now owns 13,713 shares of the software maker’s stock valued at $2,069,000 after buying an additional 141 shares in the last quarter. Finally, OLD National Bancorp IN grew its position in shares of Commvault Systems by 7.1% in the 4th quarter. OLD National Bancorp IN now owns 2,187 shares of the software maker’s stock valued at $330,000 after buying an additional 145 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Commvault Systems Trading Down 5.9 %

Shares of CVLT stock opened at $157.93 on Friday. The company has a market capitalization of $6.95 billion, a P/E ratio of 41.45 and a beta of 0.65. The business’s 50 day moving average is $165.26 and its two-hundred day moving average is $160.33. Commvault Systems, Inc. has a twelve month low of $93.48 and a twelve month high of $190.11.

Analysts Set New Price Targets

CVLT has been the subject of a number of research reports. KeyCorp boosted their price target on shares of Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Cantor Fitzgerald lifted their target price on 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 Commvault Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 30th. Finally, Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Commvault Systems presently has an average rating of “Moderate Buy” and an average target price of $156.44.

Insider Activity at Commvault Systems

In related news, CEO Sanjay Mirchandani sold 12,318 shares of the firm’s stock in a transaction dated 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. This trade represents a 2.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gary Merrill sold 3,287 shares of Commvault Systems 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 sale, the insider now directly owns 87,316 shares in the company, 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 currently owned by insiders.

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.