CommVault Systems (NASDAQ:CVLT) Given New $175.00 Price Target at Mizuho

CommVault Systems (NASDAQ:CVLT) had its price target increased by Mizuho from $140.00 to $175.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

Several other equities analysts have also recently weighed in on CVLT. Scotiabank raised their price target on shares of CommVault Systems from $105.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. Zacks Research downgraded shares of CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. William Blair reissued a “market perform” rating on shares of CommVault Systems in a research report on Monday, March 23rd. Loop Capital assumed coverage on shares of CommVault Systems in a research note on Tuesday, March 24th. They set a “buy” rating and a $125.00 price objective for the company. Finally, Wall Street Zen downgraded CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.67.

CommVault Systems Trading Down 1.7%

Shares of NASDAQ CVLT opened at $146.13 on Wednesday. CommVault Systems has a fifty-two week low of $71.75 and a fifty-two week high of $200.68. The firm has a market capitalization of $6.05 billion, a P/E ratio of 91.91 and a beta of 0.79. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 1.95. The company’s 50 day simple moving average is $125.04 and its 200 day simple moving average is $105.98.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.19. The company had revenue of $311.69 million during the quarter, compared to analyst estimates of $306.71 million. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 EPS. On average, analysts predict that CommVault Systems will post 2.88 EPS for the current year.

Insider Buying and Selling at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 19,396 shares of CommVault Systems stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $105.49, for a total value of $2,046,084.04. Following the transaction, the chief executive officer owned 315,377 shares in the company, valued at approximately $33,269,119.73. This trade represents a 5.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gary Merrill sold 4,560 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $105.10, for a total value of $479,256.00. Following the completion of the transaction, the chief financial officer owned 72,507 shares of the company’s stock, valued at $7,620,485.70. The trade was a 5.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 55,279 shares of company stock worth $5,786,557 over the last three months. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On CommVault Systems

A number of hedge funds have recently bought and sold shares of CVLT. Tudor Investment Corp ET AL bought a new position in shares of CommVault Systems in the 3rd quarter worth $1,887,800,000. Vanguard Group Inc. grew its stake in CommVault Systems by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker’s stock valued at $711,492,000 after purchasing an additional 240,093 shares during the period. First Trust Advisors LP raised its position in CommVault Systems by 25.5% in the fourth quarter. First Trust Advisors LP now owns 1,537,034 shares of the software maker’s stock worth $192,683,000 after acquiring an additional 312,178 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of CommVault Systems by 36.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,239,225 shares of the software maker’s stock worth $96,447,000 after purchasing an additional 329,243 shares during the period. Finally, Westfield Capital Management Co. LP lifted its position in shares of CommVault Systems by 34.5% during the 4th quarter. Westfield Capital Management Co. LP now owns 1,057,077 shares of the software maker’s stock valued at $132,515,000 after buying an additional 270,902 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Trending Headlines about CommVault Systems

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: Mizuho raised its price target on Commvault Systems (CVLT) to $175 from $140 and kept an outperform rating, signaling continued confidence in the company’s growth outlook. Mizuho price target increase
• Neutral Sentiment: Commvault reported strong recent quarterly results, with earnings and revenue both beating expectations and revenue rising 13.3% year over year, which supports the long-term investment case.
• Negative Sentiment: Multiple law firms issued updated reminders about the Commvault securities class action, including an expanded class period and an upcoming July 17 lead-plaintiff deadline, keeping legal risk front and center for shareholders. HBSS expanded class period
• Negative Sentiment: Additional investor alerts from Rosen, Faruqi, Glancy Prongay, Robbins Geller, Pomerantz, the Gross Law Firm, and Portnoy reinforced the litigation story, which can weigh on sentiment even if the operational business remains solid.

CommVault Systems Company Profile

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.