CommVault Systems, Inc. (NASDAQ:CVLT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $143.5833.

Several equities research analysts recently weighed in on CVLT shares. Guggenheim dropped their price objective on CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday. DA Davidson dropped their price objective on shares of CommVault Systems from $185.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday. Wells Fargo & Company cut their price target on CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a report on Wednesday. Royal Bank Of Canada lowered their price target on shares of CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating on the stock in a report on Wednesday. Finally, Stephens lowered their price objective on CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday.

CommVault Systems Trading Down 2.1%

Shares of CommVault Systems stock opened at $85.70 on Friday. CommVault Systems has a 1 year low of $84.44 and a 1 year high of $200.68. The company has a 50 day simple moving average of $121.18 and a two-hundred day simple moving average of $152.96. The firm has a market cap of $3.77 billion, a PE ratio of 44.18 and a beta of 0.57. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.34 and a quick ratio of 2.53.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, topping the consensus estimate of $0.98 by $0.19. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The firm had revenue of $313.83 million for the quarter, compared to the consensus estimate of $299.07 million. During the same quarter in the previous year, the business earned $0.94 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. Analysts expect that CommVault Systems will post 1.65 earnings per share for the current fiscal year.

Insider Transactions at CommVault Systems

In related news, CFO Jennifer Leigh Dirico sold 830 shares of CommVault Systems stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total transaction of $102,571.40. Following the completion of the transaction, the chief financial officer directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary Merrill sold 1,845 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $122.40, for a total value of $225,828.00. Following the transaction, the insider directly owned 67,318 shares in the company, valued at approximately $8,239,723.20. This represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,111 shares of company stock worth $4,058,851 in the last three months. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On CommVault Systems

Several institutional investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL acquired a new position in shares of CommVault Systems in the 3rd quarter valued at $1,887,800,000. First Trust Advisors LP boosted its stake in shares of CommVault Systems by 1,335.8% in the third quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker’s stock worth $231,228,000 after buying an additional 1,139,547 shares during the last quarter. M&T Bank Corp boosted its position in CommVault Systems by 22,133.9% in the 4th quarter. M&T Bank Corp now owns 610,098 shares of the software maker’s stock worth $76,482,000 after purchasing an additional 607,354 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in CommVault Systems by 135.6% during the third quarter. Westfield Capital Management Co. LP now owns 786,175 shares of the software maker’s stock worth $148,414,000 after buying an additional 452,422 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of CommVault Systems by 60.8% during the 2nd quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock worth $155,744,000 after acquiring an additional 337,830 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other 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.