Commvault Systems (NASDAQ:CVLT) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Commvault Systems (NASDAQ:CVLT) from a buy rating to a hold rating in a report issued on Monday.

Several other equities analysts have also issued reports on CVLT. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Oppenheimer initiated coverage on Commvault Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price objective for the company. Cantor Fitzgerald upped their price objective on Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada upped their price objective on 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 upped their price objective on Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $156.44.

Commvault Systems Stock Up 0.7 %

Shares of CVLT opened at $184.91 on Monday. Commvault Systems has a 12-month low of $90.32 and a 12-month high of $186.52. The firm has a market capitalization of $8.14 billion, a PE ratio of 48.53 and a beta of 0.65. The stock’s fifty day simple moving average is $163.18 and its 200-day simple moving average is $158.15.

Insider Activity at Commvault Systems

In related news, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the sale, the director now owns 5,899 shares of the company’s stock, valued at approximately $1,017,577.50. This trade represents a 17.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Commvault Systems by 20.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,710 shares of the software maker’s stock worth $20,480,000 after acquiring an additional 23,176 shares during the period. Vident Advisory LLC boosted its stake in shares of Commvault Systems by 14.6% during the 4th quarter. Vident Advisory LLC now owns 27,016 shares of the software maker’s stock worth $4,077,000 after acquiring an additional 3,446 shares during the period. Sherbrooke Park Advisers LLC bought a new position in shares of Commvault Systems during the 4th quarter worth approximately $280,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Commvault Systems by 409.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 341 shares of the software maker’s stock worth $51,000 after acquiring an additional 274 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in shares of Commvault Systems by 278.3% during the 4th quarter. Point72 Asset Management L.P. now owns 8,700 shares of the software maker’s stock worth $1,313,000 after acquiring an additional 6,400 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

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.