Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have been given an average recommendation of “Hold” by the fifteen brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $69.71.

A number of analysts have weighed in on the company. Jefferies Group restated a “buy” rating on shares of CommVault Systems in a report on Thursday, October 26th. KeyCorp reaffirmed 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 reaffirmed a “buy” rating and set a $74.00 price target on shares of CommVault Systems in a research report on Friday, September 1st. Royal Bank Of Canada reaffirmed a “hold” rating on shares of CommVault Systems in a research report on Monday, October 9th. Finally, BidaskClub raised CommVault Systems from a “sell” rating to a “hold” rating in a research report on Friday, August 25th.

CommVault Systems (CVLT) opened at $53.30 on Monday. CommVault Systems has a 52 week low of $47.61 and a 52 week high of $64.60.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, October 24th. The software maker reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.05). CommVault Systems had a net margin of 0.28% and a negative return on equity of 0.17%. The business had revenue of $168.14 million during the quarter, compared to analysts’ expectations of $170.15 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. CommVault Systems’s revenue was up 5.5% on a year-over-year basis. sell-side analysts anticipate that CommVault Systems will post 0.04 EPS for the current fiscal year.

In other news, insider Gary Merrill sold 7,260 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $62.28, for a total value of $452,152.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brian Carolan sold 4,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $61.90, for a total transaction of $247,600.00. The disclosure for this sale can be found here. Corporate insiders own 13.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CommVault Systems by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock worth $107,000 after buying an additional 203 shares during the last quarter. US Bancorp DE increased its stake in CommVault Systems by 47.0% during the 2nd quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock valued at $119,000 after buying an additional 672 shares during the period. Riverhead Capital Management LLC increased its stake in CommVault Systems by 70.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock valued at $145,000 after buying an additional 1,063 shares during the period. Magnetar Financial LLC acquired a new position in CommVault Systems during the 3rd quarter valued at about $201,000. Finally, Pacad Investment Ltd. increased its stake in CommVault Systems by 88.9% during the 2nd quarter. Pacad Investment Ltd. now owns 3,400 shares of the software maker’s stock valued at $192,000 after buying an additional 1,600 shares during the period. Hedge funds and other institutional investors own 88.39% of the company’s stock.

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CommVault Systems Company Profile

Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

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