Jackson Creek Investment Advisors LLC Invests $1.07 Million in Commvault Systems, Inc. (NASDAQ:CVLT)

Jackson Creek Investment Advisors LLC purchased a new position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,389 shares of the software maker’s stock, valued at approximately $1,069,000.

A number of other hedge funds have also modified their holdings of the business. Inspire Investing LLC grew its holdings in shares of Commvault Systems by 5.4% during the 3rd quarter. Inspire Investing LLC now owns 4,548 shares of the software maker’s stock worth $307,000 after purchasing an additional 231 shares during the period. Strs Ohio boosted its holdings in Commvault Systems by 1.8% during the 3rd quarter. Strs Ohio now owns 16,600 shares of the software maker’s stock valued at $1,122,000 after acquiring an additional 300 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Commvault Systems by 28.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,429 shares of the software maker’s stock valued at $97,000 after acquiring an additional 317 shares during the period. Simplicity Solutions LLC boosted its holdings in Commvault Systems by 7.6% during the 3rd quarter. Simplicity Solutions LLC now owns 5,642 shares of the software maker’s stock valued at $381,000 after acquiring an additional 397 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Commvault Systems by 2.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,839 shares of the software maker’s stock valued at $1,584,000 after acquiring an additional 455 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Commvault Systems

In other news, CFO Gary Merrill sold 822 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $97.25, for a total value of $79,939.50. Following the completion of the transaction, the chief financial officer now directly owns 87,945 shares of the company’s stock, valued at $8,552,651.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Sanjay Mirchandani sold 21,494 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $97.82, for a total value of $2,102,543.08. Following the completion of the transaction, the chief executive officer now directly owns 399,356 shares in the company, valued at $39,065,003.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gary Merrill sold 822 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $97.25, for a total value of $79,939.50. Following the completion of the transaction, the chief financial officer now owns 87,945 shares of the company’s stock, valued at $8,552,651.25. The disclosure for this sale can be found here. Insiders sold a total of 23,306 shares of company stock valued at $2,276,265 over the last three months. 1.00% of the stock is currently owned by insiders.

Commvault Systems Price Performance

Shares of CVLT stock traded up $3.04 during midday trading on Tuesday, hitting $102.47. The company had a trading volume of 669,869 shares, compared to its average volume of 304,218. Commvault Systems, Inc. has a 52-week low of $57.90 and a 52-week high of $107.46. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of -3,542.49 and a beta of 0.62. The company’s 50 day simple moving average is $97.59 and its 200 day simple moving average is $84.20.

Commvault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. The firm had revenue of $216.81 million during the quarter, compared to analysts’ expectations of $208.01 million. Commvault Systems had a positive return on equity of 32.27% and a negative net margin of 0.09%. Commvault Systems’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 earnings per share. Analysts anticipate that Commvault Systems, Inc. will post 1.35 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Royal Bank of Canada increased their price target on Commvault Systems from $86.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. KeyCorp raised Commvault Systems from a “sector weight” rating to an “overweight” rating and set a $109.00 price target on the stock in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Commvault Systems presently has an average rating of “Moderate Buy” and a consensus target price of $85.60.

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.