Jump Financial LLC Purchases Shares of 6,300 Commvault Systems, Inc. (NASDAQ:CVLT)

Jump Financial LLC acquired a new stake in Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,300 shares of the software maker's stock, valued at approximately $951,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CVLT. Invesco Ltd. raised its stake in Commvault Systems by 57.7% during the 4th quarter. Invesco Ltd. now owns 1,660,108 shares of the software maker's stock worth $250,527,000 after buying an additional 607,643 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Commvault Systems by 604.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker's stock worth $98,479,000 after purchasing an additional 555,656 shares during the period. Norges Bank bought a new position in shares of Commvault Systems during the 4th quarter valued at about $79,619,000. WCM Investment Management LLC acquired a new position in shares of Commvault Systems in the 4th quarter valued at approximately $10,303,000. Finally, Sei Investments Co. increased its stake in Commvault Systems by 63.9% during the 4th quarter. Sei Investments Co. now owns 157,111 shares of the software maker's stock worth $23,708,000 after purchasing an additional 61,243 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Gary Merrill sold 3,287 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 of the company's stock, valued at $16,322,853.04. This trade represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 $79,447,876.76. This represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CVLT shares. Piper Sandler cut their price target on shares of Commvault Systems from $154.00 to $147.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Cantor Fitzgerald boosted 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. StockNews.com upgraded Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Guggenheim reissued a "neutral" rating on shares of Commvault Systems in a research note on Wednesday. Finally, KeyCorp reduced their price objective on Commvault Systems from $195.00 to $185.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $158.00.

Commvault Systems Trading Up 1.3 %

Shares of NASDAQ:CVLT traded up $2.19 during trading on Friday, hitting $165.51. 413,106 shares of the company were exchanged, compared to its average volume of 410,914. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 43.44 and a beta of 0.68. Commvault Systems, Inc. has a fifty-two week low of $97.10 and a fifty-two week high of $190.11. The firm has a fifty day moving average price of $159.28 and a two-hundred day moving average price of $161.63.

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.