JSF Financial LLC Acquires Shares of 4,896 Commvault Systems, Inc. (NASDAQ:CVLT)

JSF Financial LLC acquired a new stake in Commvault Systems, Inc. (NASDAQ:CVLT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,896 shares of the software maker’s stock, valued at approximately $739,000.

A number of other large investors also recently made changes to their positions in CVLT. Nisa Investment Advisors LLC increased its stake in shares of 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 period. GAMMA Investing LLC increased its stake in shares of Commvault Systems by 13.7% during the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock worth $152,000 after purchasing an additional 121 shares during the period. OLD National Bancorp IN increased its stake in shares of Commvault Systems by 7.1% during the fourth quarter. OLD National Bancorp IN now owns 2,187 shares of the software maker’s stock worth $330,000 after purchasing an additional 145 shares during the period. Lindenwold Advisors INC increased its stake in shares of Commvault Systems by 2.4% during the third quarter. Lindenwold Advisors INC now owns 7,028 shares of the software maker’s stock worth $1,081,000 after purchasing an additional 164 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Commvault Systems by 43.9% during the third quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock worth $91,000 after purchasing an additional 180 shares during the period. Institutional investors own 93.50% of the company’s stock.

Insider Activity at Commvault Systems

In other Commvault Systems news, insider Gary Merrill sold 1,523 shares of Commvault Systems 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 transaction, the insider now owns 93,007 shares of the company’s stock, valued at $15,335,924.23. This trade represents a 1.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Mirchandani sold 10,775 shares of Commvault Systems stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the transaction, the chief executive officer now directly owns 459,969 shares in the company, valued at approximately $76,032,875.70. This represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,530 shares of company stock valued at $2,244,755. 1.00% of the stock is owned by corporate insiders.

Commvault Systems Price Performance

Shares of CVLT opened at $179.31 on Tuesday. The stock has a 50-day moving average of $162.11 and a 200-day moving average of $156.27. The company has a market cap of $7.89 billion, a PE ratio of 47.06 and a beta of 0.65. Commvault Systems, Inc. has a one year low of $90.32 and a one year high of $181.51.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. KeyCorp increased 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. Oppenheimer assumed coverage on Commvault Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 target price on the stock. StockNews.com downgraded Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. Guggenheim reiterated a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Finally, Cantor Fitzgerald boosted their price objective on Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Commvault Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.44.

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.