Russell Investments Group Ltd. Sells 64,191 Shares of CommVault Systems, Inc. $CVLT

Key Points

• Russell Investments Group Ltd. reduced its stake in CommVault Systems by 35.4%, selling 64,191 shares, and now holds 116,952 shares valued at approximately $18.8 million.
• Major institutional investors recently increased their positions in CommVault, with Nuveen LLC acquiring a new stake worth $116.2 million and other firms boosting their holdings significantly during the first quarter.
• Analysts have raised target prices for CommVault shares to around $220.00 while maintaining a mostly favorable outlook, resulting in an average rating of "Moderate Buy" for the stock.

Russell Investments Group Ltd. decreased its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 35.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,952 shares of the software maker's stock after selling 64,191 shares during the quarter. Russell Investments Group Ltd. owned 0.27% of CommVault Systems worth $18,831,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CVLT. Wells Fargo & Company MN increased its stake in shares of CommVault Systems by 56.5% in the 4th quarter. Wells Fargo & Company MN now owns 32,998 shares of the software maker's stock valued at $4,980,000 after purchasing an additional 11,914 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of CommVault Systems in the 4th quarter valued at $2,815,000. Barclays PLC increased its stake in shares of CommVault Systems by 25.5% in the 4th quarter. Barclays PLC now owns 108,484 shares of the software maker's stock valued at $16,373,000 after purchasing an additional 22,049 shares during the last quarter. Mariner LLC increased its stake in shares of CommVault Systems by 3.7% in the 4th quarter. Mariner LLC now owns 3,310 shares of the software maker's stock valued at $500,000 after purchasing an additional 118 shares during the last quarter. Finally, Jump Financial LLC bought a new position in CommVault Systems in the 4th quarter valued at approximately $951,000. Institutional investors own 93.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CVLT shares. Piper Sandler increased their price objective on shares of CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Oppenheimer increased their price objective on shares of CommVault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Guggenheim set a $220.00 price objective on shares of CommVault Systems in a research note on Tuesday, July 29th. DA Davidson increased their price objective on shares of CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, KeyCorp boosted their price target on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $205.63.

CommVault Systems Stock Performance

Shares of NASDAQ:CVLT traded up $6.0450 during trading on Friday, reaching $182.4750. The stock had a trading volume of 63,155 shares, compared to its average volume of 490,361. The firm's fifty day moving average is $176.93 and its 200 day moving average is $171.25. CommVault Systems, Inc. has a 52 week low of $128.07 and a 52 week high of $200.68. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 101.46 and a beta of 0.70.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The company had revenue of $281.98 million for the quarter, compared to analyst estimates of $267.83 million. CommVault Systems's quarterly revenue was up 26% on a year-over-year basis. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, research analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Gary Merrill sold 2,628 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $178.03, for a total transaction of $467,862.84. Following the transaction, the insider owned 87,081 shares of the company's stock, valued at $15,503,030.43. This represents a 2.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mirchandani sold 11,320 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $177.83, for a total transaction of $2,013,035.60. Following the sale, the chief executive officer owned 458,361 shares of the company's stock, valued at $81,510,336.63. This trade represents a 2.41% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,099 shares of company stock worth $4,466,111. 1.00% of the stock is owned by corporate insiders.

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.