Russell Investments Group Ltd. Decreases Stock Holdings in Commvault Systems, Inc. (NASDAQ:CVLT)

Russell Investments Group Ltd. lowered its holdings in Commvault Systems, Inc. (NASDAQ:CVLT) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,061 shares of the software maker’s stock after selling 10,381 shares during the period. Russell Investments Group Ltd.’s holdings in Commvault Systems were worth $9,188,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Commvault Systems in the 4th quarter worth approximately $67,000. PNC Financial Services Group Inc. increased its position in Commvault Systems by 28.5% in the third quarter. PNC Financial Services Group Inc. now owns 1,429 shares of the software maker’s stock worth $97,000 after buying an additional 317 shares during the last quarter. Teza Capital Management LLC purchased a new position in shares of Commvault Systems during the 3rd quarter valued at $253,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Commvault Systems during the 3rd quarter valued at $269,000. Finally, CenterBook Partners LP bought a new position in shares of Commvault Systems during the 3rd quarter worth $272,000. Institutional investors own 93.50% of the company’s stock.

Commvault Systems Trading Up 1.4 %

Commvault Systems stock opened at $108.93 on Tuesday. The firm’s 50 day simple moving average is $98.74 and its 200 day simple moving average is $85.52. Commvault Systems, Inc. has a 1-year low of $60.96 and a 1-year high of $109.25. The firm has a market capitalization of $4.76 billion, a PE ratio of 28.97 and a beta of 0.64.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CVLT shares. KeyCorp boosted their price objective on Commvault Systems from $109.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Lake Street Capital boosted their price target on shares of Commvault Systems from $86.00 to $98.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. Royal Bank of Canada upped their price target on shares of Commvault Systems from $97.00 to $112.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 1st. Finally, DA Davidson boosted their target price on shares of Commvault Systems from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Commvault Systems presently has an average rating of “Moderate Buy” and an average target price of $114.25.

Insider Transactions at Commvault Systems

In related news, CFO Gary Merrill sold 822 shares of Commvault Systems stock in a transaction on Monday, March 4th. The stock was sold at an average price of $97.25, for a total transaction of $79,939.50. Following the completion of the sale, the chief financial officer now owns 87,945 shares of the company’s stock, valued at $8,552,651.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Allison Pickens sold 990 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $94.73, for a total value of $93,782.70. Following the sale, the director now directly owns 7,206 shares of the company’s stock, valued at $682,624.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gary Merrill sold 822 shares of Commvault Systems stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $97.25, for a total transaction of $79,939.50. Following the sale, 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. Over the last quarter, insiders have sold 23,306 shares of company stock valued at $2,276,265. 1.00% of the stock is currently owned by company insiders.

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.