CommVault Systems (NASDAQ:CVLT) Given New $180.00 Price Target at Mizuho

CommVault Systems (NASDAQ:CVLT) had its price target cut by Mizuho from $190.00 to $180.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

Other analysts have also issued reports about the stock. Robert W. Baird assumed coverage on shares of CommVault Systems in a research note on Monday, October 27th. They set an “outperform” rating and a $215.00 target price for the company. Wall Street Zen downgraded CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. KeyCorp reduced their price objective on CommVault Systems from $185.00 to $152.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CommVault Systems in a research report on Wednesday, October 8th. Finally, Stephens initiated coverage on CommVault Systems in a research report on Tuesday, December 30th. They issued an “overweight” rating and a $162.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.25.

CommVault Systems Trading Up 2.2%

Shares of CVLT stock opened at $119.54 on Wednesday. The stock has a 50-day simple moving average of $123.79 and a 200 day simple moving average of $156.11. The stock has a market capitalization of $5.27 billion, a P/E ratio of 67.16 and a beta of 0.57. CommVault Systems has a fifty-two week low of $114.46 and a fifty-two week high of $200.68. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 4.18.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The business had revenue of $276.19 million during the quarter, compared to analyst estimates of $273.31 million. During the same period in the previous year, the company posted $0.83 earnings per share. CommVault Systems’s revenue was up 18.4% compared to the same quarter last year. On average, sell-side 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 the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 44,313 shares in the company, valued at approximately $5,476,200.54. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sanjay Mirchandani sold 13,109 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $121.15, for a total transaction of $1,588,155.35. Following the transaction, the chief executive officer directly owned 359,260 shares in the company, valued at $43,524,349. The trade was a 3.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,111 shares of company stock valued at $4,058,851 over the last three months. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of CommVault Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. State of Wyoming acquired a new stake in CommVault Systems during the second quarter valued at $35,000. FNY Investment Advisers LLC purchased a new stake in shares of CommVault Systems during the 4th quarter worth about $36,000. Banque Cantonale Vaudoise acquired a new stake in shares of CommVault Systems during the 3rd quarter valued at about $39,000. Cullen Frost Bankers Inc. grew its stake in shares of CommVault Systems by 43.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after buying an additional 74 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in CommVault Systems by 2,950.0% in the third quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock worth $46,000 after buying an additional 236 shares during the last quarter. 93.50% of the stock is currently 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.