CommVault Systems (NASDAQ:CVLT) Given New $125.00 Price Target at DA Davidson

CommVault Systems (NASDAQ:CVLT) had its target price lowered by DA Davidson from $135.00 to $125.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

CVLT has been the subject of a number of other reports. Oppenheimer cut their price objective on CommVault Systems from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. Wells Fargo & Company lowered their target price on shares of CommVault Systems from $190.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday, January 28th. Zacks Research upgraded shares of CommVault Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Piper Sandler cut their price target on shares of CommVault Systems from $186.00 to $155.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Finally, Stephens reduced their price target on shares of CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, CommVault Systems has a consensus rating of “Moderate Buy” and a consensus target price of $142.75.

CommVault Systems Stock Up 0.1%

NASDAQ CVLT opened at $80.13 on Tuesday. CommVault Systems has a 1-year low of $77.79 and a 1-year high of $200.68. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 41.30 and a beta of 0.59. The stock’s 50 day moving average is $96.64 and its two-hundred day moving average is $131.52. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 4.06.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.19. The business had revenue of $313.83 million during the quarter, compared to analysts’ expectations of $299.07 million. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.CommVault Systems’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. Equities analysts forecast that CommVault Systems will post 1.65 earnings per share for the current fiscal year.

Insider Transactions at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 6,480 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $90.28, for a total transaction of $585,014.40. Following the transaction, the chief executive officer directly owned 352,919 shares in the company, valued at approximately $31,861,527.32. This represents a 1.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gary Merrill sold 1,892 shares of CommVault Systems stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $91.28, for a total transaction of $172,701.76. Following the sale, the insider owned 62,833 shares of the company’s stock, valued at approximately $5,735,396.24. This represents a 2.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 10,965 shares of company stock valued at $991,812. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of CommVault Systems

Several institutional investors and hedge funds have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of CommVault Systems by 8.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,410 shares of the software maker’s stock valued at $23,255,000 after purchasing an additional 11,700 shares during the period. Sivia Capital Partners LLC bought a new position in shares of CommVault Systems in the 2nd quarter worth $327,000. PNC Financial Services Group Inc. grew its stake in shares of CommVault Systems by 80.7% during the second quarter. PNC Financial Services Group Inc. now owns 6,074 shares of the software maker’s stock worth $1,059,000 after purchasing an additional 2,713 shares during the period. Police & Firemen s Retirement System of New Jersey increased its holdings in CommVault Systems by 5.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 10,016 shares of the software maker’s stock valued at $1,746,000 after purchasing an additional 546 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in CommVault Systems by 7.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,337 shares of the software maker’s stock valued at $1,976,000 after purchasing an additional 820 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

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.