Commvault Systems, Inc. (NASDAQ:CVLT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Commvault Systems, Inc. (NASDAQ:CVLT) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $151.25.

CVLT has been the subject of several research analyst reports. Oppenheimer assumed coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price objective for the company. DA Davidson boosted their target price on Commvault Systems from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. StockNews.com upgraded Commvault Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Guggenheim cut Commvault Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada raised their target price on shares of 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 Activity

In related news, Director Allison Pickens sold 1,232 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $172.50, for a total transaction 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 SEC, which can be accessed through this link. Also, insider Gary Merrill sold 1,523 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $164.89, for a total value of $251,127.47. Following the completion of the transaction, the insider now directly owns 93,007 shares of the company’s stock, valued at approximately $15,335,924.23. The trade was a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,530 shares of company stock valued at $2,244,755 in the last ninety days. 1.00% of the stock is owned by insiders.

Institutional Trading of Commvault Systems

Several hedge funds have recently bought and sold shares of CVLT. Xponance Inc. increased its position in shares of Commvault Systems by 1.3% during the second quarter. Xponance Inc. now owns 6,371 shares of the software maker’s stock worth $775,000 after acquiring an additional 79 shares in the last quarter. Natixis Advisors LLC increased its holdings in Commvault Systems by 1.0% during the 2nd quarter. Natixis Advisors LLC now owns 13,693 shares of the software maker’s stock worth $1,665,000 after purchasing an additional 138 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Commvault Systems by 5.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,701 shares of the software maker’s stock valued at $328,000 after purchasing an additional 139 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Commvault Systems by 5.9% in the second quarter. Parallel Advisors LLC now owns 2,749 shares of the software maker’s stock valued at $334,000 after purchasing an additional 153 shares in the last quarter. Finally, Lindenwold Advisors INC grew its holdings in shares of Commvault Systems by 2.4% during the third quarter. Lindenwold Advisors INC now owns 7,028 shares of the software maker’s stock worth $1,081,000 after buying an additional 164 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Commvault Systems Stock Performance

Shares of CVLT stock opened at $152.11 on Friday. Commvault Systems has a 52 week low of $73.33 and a 52 week high of $178.72. The stock has a market capitalization of $6.65 billion, a PE ratio of 38.51 and a beta of 0.61. The stock’s fifty day moving average is $165.00 and its 200-day moving average is $148.73.

Commvault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The firm had revenue of $233.28 million for the quarter, compared to analyst estimates of $220.76 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s revenue was up 16.1% on a year-over-year basis. As a group, analysts forecast 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.