Commvault Systems, Inc. (NASDAQ:CVLT) Receives $156.44 Consensus PT from Analysts

Shares of Commvault Systems, Inc. (NASDAQ:CVLT - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten brokerages that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $156.44.

A number of analysts have issued reports on the company. Guggenheim reaffirmed a "neutral" rating on shares of Commvault Systems in a report on Wednesday, January 29th. KeyCorp boosted their target price on Commvault Systems from $192.00 to $195.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. William Blair upgraded shares of Commvault Systems from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 30th. Cantor Fitzgerald raised their price objective on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, StockNews.com cut shares of Commvault Systems from a "buy" rating to a "hold" rating in a report on Monday.

Insider Buying and Selling

In other news, Director Allison Pickens sold 1,232 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $172.50, for a total value of $212,520.00. Following the completion of the sale, the director now directly owns 5,899 shares of the company's stock, valued at approximately $1,017,577.50. This represents a 17.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Commvault Systems

Several institutional investors have recently added to or reduced their stakes in CVLT. Quarry LP increased its holdings in shares of Commvault Systems by 888.2% in the fourth quarter. Quarry LP now owns 168 shares of the software maker's stock valued at $25,000 after purchasing an additional 151 shares during the period. Capital Performance Advisors LLP purchased a new position in Commvault Systems in the 3rd quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. increased its stake in Commvault Systems by 409.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 341 shares of the software maker's stock valued at $51,000 after buying an additional 274 shares during the period. TFC Financial Management Inc. raised its position in Commvault Systems by 294.1% during the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock worth $61,000 after buying an additional 300 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Commvault Systems in the 3rd quarter worth $71,000. Institutional investors and hedge funds own 93.50% of the company's stock.

Commvault Systems Price Performance

Shares of Commvault Systems stock traded up $0.34 during trading on Friday, hitting $185.25. 125,608 shares of the stock were exchanged, compared to its average volume of 504,540. The firm's 50-day moving average price is $163.18 and its 200 day moving average price is $158.15. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 48.59 and a beta of 0.65. Commvault Systems has a 12-month low of $90.32 and a 12-month high of $190.11.

About Commvault Systems

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.