CommVault Systems (NASDAQ:CVLT) Stock Rating Upgraded by Zacks Research

CommVault Systems (NASDAQ:CVLT) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on CVLT. DA Davidson restated a “buy” rating and issued a $220.00 target price on shares of CommVault Systems in a report on Thursday, November 13th. Wells Fargo & Company lowered their price target on CommVault Systems from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Piper Sandler upgraded CommVault Systems from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $195.00 to $200.00 in a research note on Monday, October 13th. Mizuho started coverage on CommVault Systems in a research report on Monday, December 8th. They set an “outperform” rating and a $190.00 price objective for the company. Finally, Stephens initiated coverage on CommVault Systems in a report on Tuesday. They issued an “overweight” rating and a $162.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $191.92.

CommVault Systems Trading Down 0.6%

CommVault Systems stock opened at $126.79 on Monday. CommVault Systems has a one year low of $114.46 and a one year high of $200.68. The business’s fifty day moving average is $129.85 and its 200 day moving average is $161.80. The stock has a market capitalization of $5.59 billion, a PE ratio of 71.23 and a beta of 0.60. The company has a debt-to-equity ratio of 4.18, a current ratio of 2.53 and a quick ratio of 2.53.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.04). The company had revenue of $276.19 million for the quarter, compared to the consensus estimate of $273.31 million. CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. CommVault Systems’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 EPS. On average, sell-side analysts predict that CommVault Systems will post 1.65 EPS for the current year.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, CFO Jennifer Leigh Dirico sold 830 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total transaction of $102,571.40. Following the completion of the sale, the chief financial officer owned 44,313 shares of the company’s stock, valued at approximately $5,476,200.54. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gary Merrill sold 1,845 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $122.40, for a total value of $225,828.00. Following the completion of the transaction, the insider directly owned 67,318 shares in the company, valued at $8,239,723.20. This trade represents a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 33,111 shares of company stock valued at $4,058,851. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On CommVault Systems

Hedge funds have recently modified their holdings of the company. Versor Investments LP lifted its stake in shares of CommVault Systems by 158.6% during the 2nd quarter. Versor Investments LP now owns 4,396 shares of the software maker’s stock worth $766,000 after acquiring an additional 2,696 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of CommVault Systems by 23.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,750 shares of the software maker’s stock worth $305,000 after purchasing an additional 336 shares during the last quarter. Vise Technologies Inc. bought a new stake in shares of CommVault Systems during the second quarter worth $429,000. Vontobel Holding Ltd. boosted its stake in shares of CommVault Systems by 171.2% during the third quarter. Vontobel Holding Ltd. now owns 15,860 shares of the software maker’s stock valued at $2,994,000 after purchasing an additional 10,012 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of CommVault Systems by 19,656.7% in the second quarter. Allworth Financial LP now owns 11,854 shares of the software maker’s stock worth $2,067,000 after purchasing an additional 11,794 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

About CommVault Systems

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.