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Equities research analysts at Mizuho reduced their target price on shares of CommVault Systems (NASDAQ:CVLT) from $80.00 to $60.00 in a research note issued to investors on Monday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Mizuho’s target price points to a potential upside of 21.02% from the stock’s previous close.

CommVault Systems (NASDAQ:CVLT) traded up 2.69% during mid-day trading on Monday, hitting $49.58. The stock had a trading volume of 1,354,278 shares. CommVault Systems has a 52-week low of $45.34 and a 52-week high of $90.00. The stock has a 50-day moving average of $63.3 and a 200-day moving average of $70.82. The company has a market cap of $2.337 billion and a P/E ratio of 37.43.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.05. The company had revenue of $156.80 million for the quarter, compared to the consensus estimate of $160.05 million. During the same quarter last year, the company posted $0.41 earnings per share. CommVault Systems’s revenue was up 13.4% compared to the same quarter last year. Analysts expect that CommVault Systems will post $2.03 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of CommVault Systems from $105.00 to $80.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. Analysts at JMP Securities upgraded shares of CommVault Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, February 10th. They now have a $80.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $62.40.

In other CommVault Systems news, CEO N Robert Hammer sold 131,494 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $45.98, for a total transaction of $6,046,094.12. Following the completion of the transaction, the chief executive officer now directly owns 2,455,801 shares of the company’s stock, valued at approximately $112,917,730. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CommVault Systems, Inc (NASDAQ:CVLT) is a provider of data and information management software applications and related services.

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