JSF Financial LLC Has $1.08 Million Holdings in CommVault Systems, Inc. (NASDAQ:CVLT)

Key Points

• JSF Financial LLC increased its stake in CommVault Systems by 39.6% during the first quarter, owning 6,837 shares valued at approximately $1,079,000.
• CommVault Systems reported a 23.2% year-over-year increase in revenue during its last quarter, with earnings beating consensus estimates at $1.03 earnings per share.
• Several analysts have increased their price targets for CommVault Systems, with a consensus rating of "Moderate Buy" and a price target of approximately $189.13.

JSF Financial LLC grew its position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 39.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,837 shares of the software maker's stock after purchasing an additional 1,941 shares during the quarter. JSF Financial LLC's holdings in CommVault Systems were worth $1,079,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CVLT. Janney Montgomery Scott LLC bought a new position in CommVault Systems during the first quarter worth $243,000. Asset Management One Co. Ltd. acquired a new stake in CommVault Systems during the first quarter worth $1,229,000. Principal Financial Group Inc. boosted its stake in CommVault Systems by 1.4% during the first quarter. Principal Financial Group Inc. now owns 122,042 shares of the software maker's stock worth $19,253,000 after buying an additional 1,668 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in CommVault Systems during the first quarter worth $260,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in CommVault Systems by 0.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 632,870 shares of the software maker's stock worth $95,506,000 after buying an additional 4,957 shares in the last quarter. Institutional investors own 93.50% of the company's stock.

Insider Buying and Selling

In other CommVault Systems news, CEO Sanjay Mirchandani sold 1,709 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $299,075.00. Following the completion of the transaction, the chief executive officer owned 469,648 shares of the company's stock, valued at $82,188,400. This represents a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gary Merrill sold 1,748 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $174.91, for a total value of $305,742.68. Following the transaction, the insider directly owned 89,923 shares of the company's stock, valued at approximately $15,728,431.93. This trade represents a 1.91% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

CommVault Systems Stock Down 4.7%

Shares of CVLT traded down $8.90 on Friday, hitting $181.05. The company's stock had a trading volume of 273,641 shares, compared to its average volume of 496,323. The firm's fifty day moving average price is $176.91 and its 200-day moving average price is $168.83. CommVault Systems, Inc. has a fifty-two week low of $127.35 and a fifty-two week high of $200.68. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 100.62 and a beta of 0.73.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The software maker reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.10. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%. The business had revenue of $275.04 million during the quarter, compared to analyst estimates of $262.52 million. During the same period in the previous year, the firm earned $0.79 EPS. CommVault Systems's quarterly revenue was up 23.2% compared to the same quarter last year. As a group, equities analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CVLT has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of CommVault Systems from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. KeyCorp lifted their price target on shares of CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday. Piper Sandler lifted their price target on shares of CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. DA Davidson lifted their price target on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Guggenheim set a $220.00 price target on shares of CommVault Systems in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $205.63.

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.