By otakuyassine3@gmail.com 
Shares of Commvault Systems, Inc. (NASDAQ:CVLT – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $154.56.
Several equities research analysts have commented on the stock. StockNews.com lowered shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th. Guggenheim cut shares of Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Cantor Fitzgerald assumed coverage on shares of Commvault Systems in a report on Friday, January 17th. They issued a “neutral” rating and a $159.00 price objective for the company. Royal Bank of Canada boosted their price objective on shares of Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Finally, KeyCorp began coverage on shares of Commvault Systems in a research note on Thursday, January 16th. They set an “overweight” rating and a $192.00 price target on the stock.
View Our Latest Stock Report on Commvault Systems
Insider Activity at Commvault Systems
In other Commvault Systems news, insider Gary Merrill sold 1,523 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $164.89, for a total value of $251,127.47. Following the completion of the sale, the insider now owns 93,007 shares in the company, valued at approximately $15,335,924.23. The trade was a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction on Friday, November 29th. The shares were sold at an average price of $172.50, for a total transaction of $212,520.00. Following the completion of the transaction, the director now directly owns 5,899 shares in the company, valued at $1,017,577.50. The trade was a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,530 shares of company stock valued at $2,244,755 over the last three months. 1.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Commvault Systems
Hedge funds and other institutional investors have recently bought and sold shares of the company. Alliance Wealth Advisors LLC UT lifted its position in shares of Commvault Systems by 8.4% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 4,551 shares of the software maker’s stock valued at $687,000 after acquiring an additional 352 shares during the period. Jennison Associates LLC grew its holdings in shares of Commvault Systems by 12.7% during the fourth quarter. Jennison Associates LLC now owns 8,745 shares of the software maker’s stock worth $1,320,000 after buying an additional 984 shares in the last quarter. OLD National Bancorp IN raised its position in shares of Commvault Systems by 7.1% in the fourth quarter. OLD National Bancorp IN now owns 2,187 shares of the software maker’s stock valued at $330,000 after buying an additional 145 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Commvault Systems by 295.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 57,089 shares of the software maker’s stock worth $8,615,000 after purchasing an additional 42,643 shares during the period. Finally, SteelPeak Wealth LLC boosted its stake in Commvault Systems by 50.1% in the 4th quarter. SteelPeak Wealth LLC now owns 4,405 shares of the software maker’s stock worth $665,000 after buying an additional 1,470 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.
Commvault Systems Price Performance
Shares of CVLT stock opened at $159.88 on Tuesday. Commvault Systems has a 1-year low of $79.39 and a 1-year high of $178.72. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 40.48 and a beta of 0.65. The stock’s fifty day moving average price is $163.92 and its 200 day moving average price is $153.24.
Commvault Systems (NASDAQ:CVLT – Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $233.28 million during the quarter, compared to the consensus estimate of $220.76 million. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. As a group, equities research analysts anticipate that Commvault Systems will post 1.65 earnings per share for the current year.
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.
Featured Stories
Receive News & Ratings for Commvault Systems Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Commvault Systems and related companies with MarketBeat.com’s FREE daily email newsletter.