Russell Investments Group Ltd. grew its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 45.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 344,806 shares of the software maker’s stock after acquiring an additional 108,473 shares during the quarter. Russell Investments Group Ltd.’s holdings in CommVault Systems were worth $15,401,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mackenzie Financial Corp grew its holdings in shares of CommVault Systems by 46.8% during the 2nd quarter. Mackenzie Financial Corp now owns 2,188,361 shares of the software maker’s stock worth $108,586,000 after purchasing an additional 697,987 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of CommVault Systems by 68.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 963,950 shares of the software maker’s stock valued at $47,831,000 after acquiring an additional 392,043 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of CommVault Systems by 316.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 389,000 shares of the software maker’s stock valued at $19,302,000 after acquiring an additional 295,700 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of CommVault Systems by 741.7% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 315,311 shares of the software maker’s stock valued at $15,646,000 after acquiring an additional 277,852 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of CommVault Systems during the 2nd quarter valued at approximately $12,901,000. 86.06% of the stock is owned by institutional investors.

Several research firms recently issued reports on CVLT. Jefferies Financial Group began coverage on CommVault Systems in a research report on Tuesday, October 8th. They set a “buy” rating and a $59.00 price target on the stock. ValuEngine raised CommVault Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada set a $50.00 target price on CommVault Systems and gave the stock a “hold” rating in a research report on Wednesday, July 31st. BidaskClub raised CommVault Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Zacks Investment Research raised CommVault Systems from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Thursday, October 31st. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. CommVault Systems currently has an average rating of “Buy” and a consensus price target of $59.50.

NASDAQ CVLT traded up $0.10 during trading hours on Tuesday, hitting $49.96. The company had a trading volume of 4,641 shares, compared to its average volume of 444,824. CommVault Systems, Inc. has a fifty-two week low of $40.73 and a fifty-two week high of $69.20. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $46.53 and a 200-day simple moving average of $47.49. The firm has a market cap of $2.27 billion, a P/E ratio of 83.25, a price-to-earnings-growth ratio of 10.22 and a beta of 1.14.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, October 29th. The software maker reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.14. CommVault Systems had a positive return on equity of 7.18% and a negative net margin of 0.39%. The firm had revenue of $167.58 million for the quarter, compared to analyst estimates of $163.28 million. During the same period last year, the company earned $0.40 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Equities analysts forecast that CommVault Systems, Inc. will post 0.49 EPS for the current fiscal year.

In other CommVault Systems news, CAO James J. Whalen sold 1,389 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $50.17, for a total value of $69,686.13. Following the sale, the chief accounting officer now directly owns 19,594 shares of the company’s stock, valued at $983,030.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian Carolan sold 647 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $50.18, for a total value of $32,466.46. Following the completion of the sale, the chief financial officer now directly owns 107,100 shares in the company, valued at $5,374,278. The disclosure for this sale can be found here. 12.00% of the stock is owned by company insiders.

About CommVault Systems

Commvault Systems, Inc provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.

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Institutional Ownership by Quarter for CommVault Systems (NASDAQ:CVLT)

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