CommVault Systems, Inc. (NASDAQ:CVLT) was downgraded by equities researchers at UBS AG from an “overweight” rating to a “neutral” rating in a note issued to investors on Tuesday, The Fly reports.

A number of other equities research analysts have also recently weighed in on the stock. Royal Bank Of Canada reiterated a “hold” rating on shares of CommVault Systems in a research report on Monday, October 9th. KeyCorp reiterated a “buy” rating and set a $70.00 price target on shares of CommVault Systems in a research report on Friday, September 1st. Piper Jaffray Companies reiterated a “buy” rating and set a $74.00 price target on shares of CommVault Systems in a research report on Friday, September 1st. BidaskClub upgraded shares of CommVault Systems from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Mitsubishi UFJ Financial Group set a $70.00 price target on shares of CommVault Systems and gave the company a “buy” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $70.67.

Shares of CommVault Systems (CVLT) traded down 9.33% during trading on Tuesday, reaching $52.50. 2,743,025 shares of the company’s stock were exchanged. CommVault Systems has a 12-month low of $47.61 and a 12-month high of $64.60. The stock has a market cap of $2.39 billion, a P/E ratio of 921.05 and a beta of 1.40. The company has a 50 day moving average of $60.91 and a 200 day moving average of $57.85.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Monday, October 23rd. The software maker reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). CommVault Systems had a net margin of 0.35% and a return on equity of 0.30%. The company had revenue of $168.14 million for the quarter, compared to analyst estimates of $170.15 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. CommVault Systems’s revenue was up 5.5% on a year-over-year basis. Equities research analysts anticipate that CommVault Systems will post $1.22 EPS for the current year.

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In related news, insider Gary Merrill sold 3,072 shares of CommVault Systems stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $59.01, for a total value of $181,278.72. Following the completion of the transaction, the insider now owns 23,878 shares in the company, valued at $1,409,040.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Al Bunte sold 30,001 shares of CommVault Systems stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $60.01, for a total transaction of $1,800,360.01. Following the completion of the transaction, the insider now owns 474,780 shares of the company’s stock, valued at approximately $28,491,547.80. The disclosure for this sale can be found here. Insiders sold 53,507 shares of company stock valued at $3,229,997 in the last 90 days. Company insiders own 13.40% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CommVault Systems by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock worth $107,000 after acquiring an additional 203 shares during the last quarter. US Bancorp DE lifted its stake in 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 acquiring an additional 672 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in CommVault Systems by 70.9% in the second quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock worth $145,000 after acquiring an additional 1,063 shares during the last quarter. Pacad Investment Ltd. lifted its stake in CommVault Systems by 88.9% in the second quarter. Pacad Investment Ltd. now owns 3,400 shares of the software maker’s stock worth $192,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in CommVault Systems in the second quarter worth approximately $215,000. Institutional investors own 88.37% of the company’s stock.

About CommVault Systems

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Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

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