Russell Investments Group Ltd. raised its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 85.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,700 shares of the software maker’s stock after acquiring an additional 47,820 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.22% of CommVault Systems worth $6,305,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of CommVault Systems by 36.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,779,168 shares of the software maker’s stock worth $108,173,000 after buying an additional 479,659 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of CommVault Systems during the 3rd quarter worth approximately $215,000. Rhumbline Advisers raised its stake in shares of CommVault Systems by 14.9% during the 3rd quarter. Rhumbline Advisers now owns 106,670 shares of the software maker’s stock worth $6,486,000 after buying an additional 13,846 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of CommVault Systems by 40.3% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 73,391 shares of the software maker’s stock worth $4,462,000 after buying an additional 21,070 shares during the period. Finally, Sei Investments Co. raised its stake in shares of CommVault Systems by 26.2% during the 3rd quarter. Sei Investments Co. now owns 107,562 shares of the software maker’s stock worth $6,540,000 after buying an additional 22,358 shares during the period. 88.39% of the stock is owned by institutional investors.
CommVault Systems, Inc. (NASDAQ CVLT) opened at $53.30 on Friday. CommVault Systems, Inc. has a 12 month low of $47.61 and a 12 month high of $64.60.
CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.05). CommVault Systems had a net margin of 0.28% and a negative return on equity of 0.17%. The business had revenue of $168.14 million during the quarter, compared to analyst estimates of $170.15 million. During the same period last year, the company earned $0.25 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. equities research analysts expect that CommVault Systems, Inc. will post 0.04 EPS for the current fiscal year.
CVLT has been the subject of several research analyst reports. BidaskClub downgraded CommVault Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Piper Jaffray Companies reiterated a “buy” rating and set a $74.00 price target on shares of CommVault Systems in a research report on Friday, September 1st. KeyCorp reiterated a “buy” rating and set a $70.00 price target on shares of CommVault Systems in a research report on Friday, September 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $67.00 price target on shares of CommVault Systems in a research report on Monday, September 4th. Finally, UBS cut CommVault Systems from an “overweight” rating to a “neutral” rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $70.00.
In related news, VP Brian Carolan sold 4,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $61.90, for a total transaction of $247,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gary Merrill sold 7,260 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $62.28, for a total value of $452,152.80. The disclosure for this sale can be found here. 13.40% of the stock is currently owned by corporate insiders.
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CommVault Systems Company Profile
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