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

CommVault Systems, Inc. (NASDAQ:CVLT) has earned a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $152.6250.

CVLT has been the topic of several analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a $130.00 price target on shares of CommVault Systems in a research report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of CommVault Systems in a report on Friday, September 11th. Cantor Fitzgerald restated a “neutral” rating and set a $132.00 price target on shares of CommVault Systems in a research report on Monday, July 27th. Wall Street Zen upgraded CommVault Systems from a “hold” rating to a “buy” rating in a research report on Sunday, September 13th. Finally, Scotiabank reissued a “sector perform” rating and set a $130.00 price objective on shares of CommVault Systems in a research note on Wednesday, July 29th.

CommVault Systems Trading Down 2.9%

Shares of CVLT stock opened at $144.54 on Friday. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 92.06 and a beta of 0.82. The company’s fifty day simple moving average is $137.59 and its two-hundred day simple moving average is $116.41. CommVault Systems has a 1 year low of $71.75 and a 1 year high of $196.88. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.26. The company had revenue of $314.13 million during the quarter, compared to analysts’ expectations of $310.43 million. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. As a group, analysts anticipate that CommVault Systems will post 2.84 earnings per share for the current year.

Insider Activity at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 12,437 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $143.98, for a total value of $1,790,679.26. Following the completion of the transaction, the chief executive officer owned 269,373 shares of the company’s stock, valued at $38,784,324.54. The trade was a 4.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director A. Shane Sanders sold 476 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $134.19, for a total transaction of $63,874.44. Following the sale, the director owned 8,696 shares in the company, valued at approximately $1,166,916.24. This trade represents a 5.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,602 shares of company stock valued at $4,240,541 in the last ninety days. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On CommVault Systems

Hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC lifted its position in CommVault Systems by 52.4% in the 4th quarter. Intech Investment Management LLC now owns 86,634 shares of the software maker’s stock worth $10,860,000 after buying an additional 29,796 shares during the last quarter. Epoch Investment Partners Inc. bought a new position in CommVault Systems during the fourth quarter valued at approximately $27,278,000. Madison Asset Management LLC grew its position in CommVault Systems by 39.7% during the first quarter. Madison Asset Management LLC now owns 33,459 shares of the software maker’s stock valued at $2,606,000 after acquiring an additional 9,512 shares during the last quarter. BNP Paribas Financial Markets grew its position in CommVault Systems by 410.8% during the fourth quarter. BNP Paribas Financial Markets now owns 320,468 shares of the software maker’s stock valued at $40,174,000 after acquiring an additional 257,729 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of CommVault Systems by 64.3% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 273,206 shares of the software maker’s stock worth $21,280,000 after acquiring an additional 106,970 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

CommVault Systems Company Profile

Commvault Systems, Inc develops data protection and cyber resilience software for organizations seeking to secure, manage and recover data across on-premises, cloud and hybrid environments. Its technology is designed to help businesses protect workloads, reduce the risk of data loss and maintain operations following system failures, cyberattacks or other disruptions.

The company’s offerings include backup and recovery, disaster recovery, data security, cyber recovery and cloud data management solutions.