KeyCorp Has Lowered Expectations for CommVault Systems (NASDAQ:CVLT) Stock Price

CommVault Systems (NASDAQ:CVLT) had its target price reduced by equities researchers at KeyCorp from $185.00 to $152.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the software maker’s stock. KeyCorp’s target price suggests a potential upside of 21.02% from the stock’s current price.

A number of other research firms have also weighed in on CVLT. Stephens began coverage on shares of CommVault Systems in a research report on Tuesday, December 30th. They issued an “overweight” rating and a $162.00 price objective on the stock. Royal Bank Of Canada lowered their target price on shares of CommVault Systems from $217.00 to $167.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. Guggenheim reissued a “buy” rating and set a $220.00 price target on shares of CommVault Systems in a report on Thursday, October 16th. Wall Street Zen lowered CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Zacks Research upgraded CommVault Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.42.

CommVault Systems Trading Down 1.2%

Shares of CommVault Systems stock opened at $125.60 on Monday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 2.53 and a current ratio of 2.53. The company has a market capitalization of $5.54 billion, a P/E ratio of 70.56 and a beta of 0.57. CommVault Systems has a 1 year low of $114.46 and a 1 year high of $200.68. The company’s fifty day moving average is $124.54 and its two-hundred day moving average is $158.16.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, October 28th. The software maker reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The business had revenue of $276.19 million during the quarter, compared to analysts’ expectations of $273.31 million. CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. CommVault Systems’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. Analysts forecast that CommVault Systems will post 1.65 earnings per share for the current year.

Insider Activity

In other 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 transaction, the chief financial officer directly owned 44,313 shares of the company’s stock, valued at $5,476,200.54. This trade represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gary Merrill sold 1,845 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $122.40, for a total value of $225,828.00. Following the completion of the sale, the insider directly owned 67,318 shares in the company, valued at approximately $8,239,723.20. The trade was a 2.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,111 shares of company stock worth $4,058,851 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Institutional Trading of CommVault Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. raised its stake in 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 purchasing an additional 74 shares during the last quarter. GAMMA Investing LLC raised its position in shares of CommVault Systems by 6.0% in the second quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker’s stock valued at $248,000 after buying an additional 80 shares during the last quarter. JSF Financial LLC raised its position in shares of CommVault Systems by 1.1% in the third quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock valued at $1,387,000 after buying an additional 82 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of CommVault Systems by 17.1% during the third quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock valued at $123,000 after buying an additional 95 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in CommVault Systems by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the software maker’s stock worth $2,162,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

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.