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

JSF Financial LLC acquired a new stake in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,896 shares of the software maker's stock, valued at approximately $739,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp lifted its stake in Commvault Systems by 1.6% during the 3rd quarter. State Street Corp now owns 1,594,045 shares of the software maker's stock valued at $245,244,000 after acquiring an additional 25,082 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Commvault Systems by 25.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker's stock valued at $90,278,000 after purchasing an additional 120,779 shares during the period. Congress Asset Management Co. lifted its stake in shares of Commvault Systems by 29.4% in the 3rd quarter. Congress Asset Management Co. now owns 492,162 shares of the software maker's stock valued at $75,719,000 after purchasing an additional 111,715 shares during the period. FMR LLC lifted its stake in shares of Commvault Systems by 26.1% in the 3rd quarter. FMR LLC now owns 466,315 shares of the software maker's stock valued at $71,743,000 after purchasing an additional 96,525 shares during the period. Finally, Summit Partners Public Asset Management LLC acquired a new position in shares of Commvault Systems in the 3rd quarter valued at $67,722,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Commvault Systems Stock Performance

Shares of CVLT stock traded up $2.28 on Friday, hitting $185.83. 227,624 shares of the stock traded hands, compared to its average volume of 509,972. The firm's 50-day moving average price is $162.52 and its two-hundred day moving average price is $157.20. The stock has a market capitalization of $8.18 billion, a PE ratio of 48.76 and a beta of 0.65. Commvault Systems, Inc. has a twelve month low of $90.32 and a twelve month high of $186.52.

Insider Activity

In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $172.50, for a total value of $212,520.00. Following the sale, the director now directly owns 5,899 shares of the company's stock, valued at approximately $1,017,577.50. This represents a 17.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gary Merrill sold 1,523 shares of Commvault Systems stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $164.89, for a total value of $251,127.47. Following the sale, the insider now directly owns 93,007 shares of the company's stock, valued at $15,335,924.23. This trade represents a 1.61 % decrease in their ownership of the stock. 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 currently owned by insiders.

Analyst Upgrades and Downgrades

CVLT has been the subject of several analyst reports. Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Royal Bank of Canada boosted their target price on shares of Commvault Systems from $164.00 to $182.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. Oppenheimer assumed coverage on shares of Commvault Systems in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $200.00 target price for the company. Cantor Fitzgerald boosted their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, KeyCorp boosted 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $156.44.

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.