Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $67.60.
CVLT has been the topic of several research analyst reports. ValuEngine lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Mitsubishi UFJ Financial Group reduced their price objective on shares of CommVault Systems from $74.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. Zacks Investment Research upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Monday, April 15th. BidaskClub downgraded shares of CommVault Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group reduced their price objective on shares of CommVault Systems to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. They noted that the move was a valuation call.
Several institutional investors and hedge funds have recently bought and sold shares of CVLT. Lunia Capital LP boosted its stake in shares of CommVault Systems by 4,687.4% in the 4th quarter. Lunia Capital LP now owns 16,642,403 shares of the software maker’s stock valued at $16,642,000 after purchasing an additional 16,294,775 shares in the last quarter. Norges Bank acquired a new stake in shares of CommVault Systems in the 4th quarter valued at approximately $36,755,000. Assenagon Asset Management S.A. acquired a new stake in shares of CommVault Systems in the 1st quarter valued at approximately $24,847,000. Intrinsic Edge Capital Management LLC acquired a new stake in shares of CommVault Systems in the 4th quarter valued at approximately $21,656,000. Finally, AQR Capital Management LLC boosted its stake in shares of CommVault Systems by 58.1% in the 1st quarter. AQR Capital Management LLC now owns 693,090 shares of the software maker’s stock valued at $44,871,000 after purchasing an additional 254,789 shares in the last quarter. Institutional investors own 90.01% of the company’s stock.
Shares of CVLT traded down $0.11 during trading hours on Monday, hitting $47.38. The company had a trading volume of 432,169 shares, compared to its average volume of 535,824. The firm has a market capitalization of $2.16 billion, a PE ratio of 78.97, a PEG ratio of 6.93 and a beta of 1.10. CommVault Systems has a 12 month low of $47.16 and a 12 month high of $72.65.
CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, April 30th. The software maker reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.22. The company had revenue of $181.40 million for the quarter, compared to analyst estimates of $189.02 million. CommVault Systems had a net margin of 0.50% and a return on equity of 6.30%. The company’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. As a group, sell-side analysts expect that CommVault Systems will post 0.45 EPS for the current year.
CommVault Systems Company Profile
Commvault Systems, Inc provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.
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