Commvault Systems, Inc. (NASDAQ:CVLT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Commvault Systems, Inc. (NASDAQ:CVLT) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat.com reports. Five research 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 brokerages that have issued a report on the stock in the last year is $154.56.

Several research analysts recently commented on CVLT shares. KeyCorp assumed coverage on shares of Commvault Systems in a research note on Thursday, January 16th. They set an “overweight” rating and a $192.00 price objective for the company. StockNews.com downgraded Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. Guggenheim cut Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Oppenheimer began coverage on Commvault Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $200.00 target price on the stock. Finally, Royal Bank of Canada increased their price target on Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th.

Insider Buying and Selling

In other Commvault Systems news, insider Gary Merrill sold 1,523 shares of Commvault Systems stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $164.89, for a total transaction of $251,127.47. Following the completion of the transaction, the insider now owns 93,007 shares in the company, valued at approximately $15,335,924.23. This trade represents a 1.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Allison Pickens sold 1,232 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the completion of the sale, the director now owns 5,899 shares in the company, valued at $1,017,577.50. The trade was a 17.28 % decrease in their position. 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 quarter. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its holdings in shares of Commvault Systems by 3.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker’s stock valued at $296,000 after purchasing an additional 66 shares in the last quarter. Xponance Inc. grew its position in Commvault Systems by 1.3% during the second quarter. Xponance Inc. now owns 6,371 shares of the software maker’s stock valued at $775,000 after buying an additional 79 shares during the period. GAMMA Investing LLC increased its holdings in Commvault Systems by 13.7% in the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock valued at $152,000 after buying an additional 121 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Commvault Systems by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 2,701 shares of the software maker’s stock worth $328,000 after acquiring an additional 139 shares during the period. Finally, Lindenwold Advisors INC boosted its stake in shares of Commvault Systems by 2.4% during the 3rd quarter. Lindenwold Advisors INC now owns 7,028 shares of the software maker’s stock worth $1,081,000 after acquiring an additional 164 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Commvault Systems Trading Down 0.3 %

Shares of NASDAQ CVLT opened at $161.28 on Tuesday. Commvault Systems has a 12-month low of $77.56 and a 12-month high of $178.72. The stock’s fifty day simple moving average is $164.69 and its two-hundred day simple moving average is $152.33. The stock has a market capitalization of $7.05 billion, a PE ratio of 40.83 and a beta of 0.65.

Commvault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The firm had revenue of $233.28 million during the quarter, compared to analysts’ expectations of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. On average, equities analysts predict that Commvault Systems will post 1.66 earnings per share for the current fiscal 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.