CommVault Systems, Inc. (NASDAQ:CVLT)‘s stock had its “buy” rating reiterated by research analysts at Stifel Nicolaus in a report released on Wednesday. They presently have a $75.00 price objective on the software maker’s stock, up from their prior price objective of $68.00. Stifel Nicolaus’ target price indicates a potential upside of 18.67% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Jefferies Group LLC increased their price target on CommVault Systems from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday. Lake Street Capital increased their price target on CommVault Systems from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday. BidaskClub raised CommVault Systems from a “hold” rating to a “buy” rating in a research report on Monday. Mizuho reaffirmed a “buy” rating and issued a $75.00 price target (up previously from $70.00) on shares of CommVault Systems in a research report on Monday. Finally, Zacks Investment Research lowered CommVault Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $65.11.

CommVault Systems (NASDAQ:CVLT) traded down 1.58% during mid-day trading on Wednesday, hitting $62.20. The company had a trading volume of 176,588 shares. The company has a 50-day moving average price of $57.63 and a 200 day moving average price of $53.49. CommVault Systems has a 52-week low of $47.44 and a 52-week high of $63.30. The company has a market capitalization of $2.80 billion, a P/E ratio of 6220.00 and a beta of 1.45.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. CommVault Systems had a negative return on equity of 1.04% and a net margin of 0.08%. The company had revenue of $165.97 million during the quarter, compared to analysts’ expectations of $159.92 million. During the same period last year, the business posted $0.21 EPS. CommVault Systems’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts forecast that CommVault Systems will post $1.21 EPS for the current fiscal year.

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In related news, insider Al Bunte sold 34,607 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $55.60, for a total value of $1,924,149.20. Following the completion of the transaction, the insider now directly owns 507,171 shares of the company’s stock, valued at approximately $28,198,707.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian Carolan sold 4,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $59.90, for a total value of $239,600.00. Following the completion of the transaction, the vice president now directly owns 79,793 shares of the company’s stock, valued at $4,779,600.70. The disclosure for this sale can be found here. Insiders have sold 177,730 shares of company stock worth $10,133,388 in the last 90 days. 13.40% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. US Bancorp DE raised its position in shares of CommVault Systems by 47.0% in the second quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock worth $119,000 after buying an additional 672 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in shares of CommVault Systems by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,352 shares of the software maker’s stock worth $120,000 after buying an additional 56 shares during the last quarter. Glen Harbor Capital Management LLC raised its position in shares of CommVault Systems by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock worth $145,000 after buying an additional 68 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of CommVault Systems by 22.6% in the first quarter. LS Investment Advisors LLC now owns 3,455 shares of the software maker’s stock worth $176,000 after buying an additional 636 shares during the last quarter. Finally, OppenheimerFunds Inc. purchased a new position in shares of CommVault Systems during the first quarter worth about $201,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

CommVault Systems Company Profile

Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

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