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

Jump Financial LLC bought a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,300 shares of the software maker's stock, valued at approximately $951,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Commvault Systems by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,636,559 shares of the software maker's stock valued at $850,613,000 after purchasing an additional 54,562 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Commvault Systems by 1.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,909,185 shares of the software maker's stock worth $288,115,000 after purchasing an additional 24,900 shares during the period. Invesco Ltd. raised its position in shares of Commvault Systems by 57.7% during the fourth quarter. Invesco Ltd. now owns 1,660,108 shares of the software maker's stock valued at $250,527,000 after buying an additional 607,643 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Commvault Systems by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 1,288,068 shares of the software maker's stock valued at $194,681,000 after buying an additional 43,088 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in 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 buying an additional 555,656 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Commvault Systems Trading Up 1.3 %

NASDAQ CVLT traded up $2.19 during trading hours on Friday, reaching $165.51. 413,106 shares of the company's stock were exchanged, compared to its average volume of 411,825. The firm has a fifty day moving average of $159.28 and a 200-day moving average of $161.65. Commvault Systems, Inc. has a one year low of $97.63 and a one year high of $190.11. The stock has a market cap of $7.28 billion, a PE ratio of 43.44 and a beta of 0.68.

Insider Transactions at Commvault Systems

In other news, insider Gary Merrill sold 3,287 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total transaction of $614,471.78. Following the sale, the insider now directly owns 87,316 shares of the company's stock, valued at $16,322,853.04. This represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mirchandani sold 12,318 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the completion of the sale, the chief executive officer now directly owns 427,231 shares of the company's stock, valued at approximately $79,447,876.76. This represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on CVLT shares. Piper Sandler cut their price target on Commvault Systems from $154.00 to $147.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Cantor Fitzgerald raised 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. William Blair raised shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a report on Thursday, January 30th. StockNews.com raised shares of Commvault Systems from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, Guggenheim restated a "neutral" rating on shares of Commvault Systems in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $158.00.

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.