Commvault Systems, Inc. (NASDAQ:CVLT) Receives Consensus Rating of "Moderate Buy" from Analysts

Commvault Systems, Inc. (NASDAQ:CVLT - Get Free Report) has earned an average rating of "Moderate Buy" from the eight brokerages that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $151.25.

CVLT has been the subject of several research reports. StockNews.com lowered shares of Commvault Systems from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 1st. Guggenheim cut Commvault Systems from a "buy" rating to a "neutral" rating in a research report on Tuesday, October 15th. Oppenheimer initiated coverage on shares of Commvault Systems in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $200.00 price objective for the company. Royal Bank of Canada boosted their price objective on Commvault Systems from $164.00 to $182.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. Finally, DA Davidson raised their price objective on Commvault Systems from $170.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, September 6th.

Insider Activity

In other Commvault Systems news, CEO Sanjay Mirchandani sold 10,775 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the transaction, the chief executive officer now directly owns 459,969 shares of the company's stock, valued at $76,032,875.70. This trade represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gary Merrill sold 1,523 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $164.89, for a total transaction of $251,127.47. Following the completion of the transaction, the insider now directly owns 93,007 shares in the company, valued at $15,335,924.23. This represents a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Commvault Systems

Institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new position in Commvault Systems in the second quarter valued at about $30,000. Capital Performance Advisors LLP purchased a new position in Commvault Systems in the third quarter valued at $33,000. Hexagon Capital Partners LLC raised its stake in Commvault Systems by 124.8% in the second quarter. Hexagon Capital Partners LLC now owns 353 shares of the software maker's stock valued at $43,000 after buying an additional 196 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Commvault Systems by 70.8% in the 2nd quarter. Signaturefd LLC now owns 410 shares of the software maker's stock valued at $50,000 after acquiring an additional 170 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Commvault Systems during the 2nd quarter worth about $56,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Commvault Systems Stock Up 0.2 %

CVLT traded up $0.36 during trading on Monday, reaching $171.95. 165,111 shares of the company were exchanged, compared to its average volume of 356,744. The company's 50-day moving average is $158.48 and its two-hundred day moving average is $140.51. Commvault Systems has a 12-month low of $73.33 and a 12-month high of $178.72. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 43.44 and a beta of 0.59.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last issued its earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.07. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The company had revenue of $233.28 million during the quarter, compared to analysts' expectations of $220.76 million. During the same period in the prior year, the business posted $0.30 EPS. Commvault Systems's quarterly revenue was up 16.1% compared to the same quarter last year. Equities analysts forecast that Commvault Systems will post 1.66 earnings per share for the current 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.