Commvault Systems (NASDAQ:CVLT) Given Neutral Rating at Guggenheim

Commvault Systems (NASDAQ:CVLT - Get Free Report)'s stock had its "neutral" rating reissued by equities researchers at Guggenheim in a research report issued on Wednesday,Benzinga reports.

Other equities research analysts have also recently issued research reports about the company. Oppenheimer assumed coverage on Commvault Systems in a report on Wednesday, November 13th. They set an "outperform" rating and a $200.00 price target on the stock. StockNews.com lowered Commvault Systems from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 16th. Cantor Fitzgerald increased their price target on Commvault Systems from $159.00 to $173.00 and gave the stock a "neutral" rating in a research note on Wednesday. Royal Bank of Canada lifted their price objective 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. Finally, KeyCorp increased their target price on shares of Commvault Systems from $192.00 to $195.00 and gave the company an "overweight" rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $156.44.

Commvault Systems Stock Performance

Shares of NASDAQ CVLT traded down $12.96 during trading on Wednesday, reaching $147.10. The stock had a trading volume of 296,199 shares, compared to its average volume of 449,885. The stock has a market cap of $6.43 billion, a PE ratio of 37.46 and a beta of 0.65. Commvault Systems has a one year low of $83.60 and a one year high of $178.72. The firm's 50 day moving average price is $163.60 and its two-hundred day moving average price is $153.98.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 earnings per share for the quarter, beating 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 business had revenue of $233.28 million during the quarter, compared to the consensus estimate of $220.76 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company's revenue for the quarter was up 16.1% compared to the same quarter last year. On average, research analysts expect that Commvault Systems will post 1.65 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Gary Merrill sold 1,523 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $164.89, for a total value of $251,127.47. Following the completion of the sale, the insider now directly owns 93,007 shares in the company, valued at approximately $15,335,924.23. The trade was a 1.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Allison Pickens sold 1,232 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $172.50, for a total value of $212,520.00. Following the transaction, the director now owns 5,899 shares in the company, valued at approximately $1,017,577.50. This trade represents a 17.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,530 shares of company stock worth $2,244,755. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in Commvault Systems during the third quarter worth $33,000. Point72 DIFC Ltd acquired a new stake in shares of Commvault Systems during the third quarter worth approximately $71,000. Signaturefd LLC raised its stake in shares of Commvault Systems by 43.9% in the third quarter. Signaturefd LLC now owns 590 shares of the software maker's stock worth $91,000 after acquiring an additional 180 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in Commvault Systems during the 3rd quarter worth $105,000. Finally, Blue Trust Inc. lifted its position in Commvault Systems by 38,400.0% during the 4th quarter. Blue Trust Inc. now owns 770 shares of the software maker's stock valued at $118,000 after purchasing an additional 768 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

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.

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