Mizuho Lowers CommVault Systems (NASDAQ:CVLT) Price Target to $180.00

CommVault Systems (NASDAQ:CVLT) had its price target cut by stock analysts at Mizuho from $190.00 to $180.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Mizuho’s price objective indicates a potential upside of 45.71% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. Oppenheimer assumed coverage on shares of CommVault Systems in a report on Monday, November 10th. They issued an “outperform” rating for the company. Truist Financial dropped their target price on shares of CommVault Systems from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Stephens began coverage on shares of CommVault Systems in a report on Tuesday, December 30th. They set an “overweight” rating and a $162.00 target price for the company. KeyCorp decreased their price target on shares of CommVault Systems from $185.00 to $152.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Finally, Royal Bank Of Canada cut their price objective on CommVault Systems from $217.00 to $167.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $178.33.

CommVault Systems Stock Up 3.3%

Shares of NASDAQ:CVLT opened at $123.53 on Wednesday. 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 $123.73 and its two-hundred day moving average is $155.88. 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 stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 69.40 and a beta of 0.57.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, October 28th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.04). CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The business had revenue of $276.19 million for the quarter, compared to analyst estimates of $273.31 million. During the same quarter last year, the company earned $0.83 EPS. CommVault Systems’s revenue was up 18.4% compared to the same quarter last year. Equities analysts anticipate that CommVault Systems will post 1.65 EPS for the current year.

Insider Activity at CommVault Systems

In related news, CFO Jennifer Leigh Dirico sold 830 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $102,571.40. Following the transaction, the chief financial officer owned 44,313 shares in the company, valued at approximately $5,476,200.54. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gary Merrill sold 1,845 shares of the firm’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 transaction of $225,828.00. Following the transaction, 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 33,111 shares of company stock valued at $4,058,851. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CVLT. Cullen Frost Bankers Inc. boosted its holdings in CommVault Systems by 43.8% in the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after purchasing an additional 74 shares in the last quarter. GAMMA Investing LLC lifted 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 worth $248,000 after buying an additional 80 shares during the last quarter. JSF Financial LLC boosted its stake in shares of CommVault Systems by 1.1% during the 3rd quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock worth $1,387,000 after acquiring an additional 82 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of CommVault Systems by 17.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock worth $123,000 after acquiring an additional 95 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of CommVault Systems by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the software maker’s stock valued at $2,162,000 after acquiring an additional 100 shares during the last quarter. 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.