Commvault Systems, Inc. (NASDAQ:CVLT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Commvault Systems, Inc. (NASDAQ:CVLT) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $134.29.

A number of research firms have weighed in on CVLT. DA Davidson boosted their target price on shares of Commvault Systems from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, June 14th. StockNews.com lowered shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st. Lake Street Capital boosted their target price on shares of Commvault Systems from $86.00 to $98.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. KeyCorp boosted their target price on shares of Commvault Systems from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada boosted their target price on shares of Commvault Systems from $121.00 to $152.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 31st.

Insider Transactions at Commvault Systems

In related news, Director Vivie Lee sold 2,500 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $112.19, for a total transaction of $280,475.00. Following the transaction, the director now owns 13,589 shares in the company, valued at approximately $1,524,549.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Commvault Systems news, CEO Sanjay Mirchandani sold 15,975 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $110.20, for a total transaction of $1,760,445.00. Following the transaction, the chief executive officer now owns 539,465 shares in the company, valued at $59,449,043. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Vivie Lee sold 2,500 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $112.19, for a total transaction of $280,475.00. Following the transaction, the director now owns 13,589 shares in the company, valued at approximately $1,524,549.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,816 shares of company stock worth $6,613,874. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. grew its stake in shares of Commvault Systems by 61.2% in the 4th quarter. Pacer Advisors Inc. now owns 8,312 shares of the software maker’s stock worth $664,000 after acquiring an additional 3,155 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Commvault Systems by 2.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,839 shares of the software maker’s stock worth $1,584,000 after acquiring an additional 455 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Commvault Systems in the 4th quarter worth $982,000. Handelsbanken Fonder AB grew its stake in shares of Commvault Systems by 34.7% in the 4th quarter. Handelsbanken Fonder AB now owns 8,930 shares of the software maker’s stock worth $713,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Commvault Systems in the 4th quarter worth $67,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Commvault Systems Trading Down 1.2 %

Shares of Commvault Systems stock opened at $135.02 on Tuesday. The firm has a market capitalization of $5.91 billion, a PE ratio of 35.91 and a beta of 0.61. The firm’s 50 day moving average is $121.03 and its 200 day moving average is $105.91. Commvault Systems has a 1 year low of $63.70 and a 1 year high of $155.33.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.12. Commvault Systems had a net margin of 20.19% and a return on equity of 32.16%. The company had revenue of $224.67 million for the quarter, compared to analyst estimates of $215.54 million. During the same period in the previous year, the firm posted $0.29 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. As a group, research analysts anticipate that Commvault Systems will post 1.71 earnings per share for the current year.

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.