CommVault Systems, Inc. (NASDAQ:CVLT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have received an average rating of “Moderate Buy” from the nineteen brokerages that are covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $145.4667.

Several equities research analysts have recently commented on CVLT shares. Stephens upped their price target on CommVault Systems from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 16th. Robert W. Baird lowered their price objective on shares of CommVault Systems from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Oppenheimer boosted their price objective on shares of CommVault Systems from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Jefferies Financial Group initiated coverage on shares of CommVault Systems in a research report on Monday, April 27th. They set a “hold” rating and a $105.00 price objective for the company. Finally, KeyCorp raised their target price on shares of CommVault Systems from $125.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th.

Insider Buying and Selling

In related news, CEO Sanjay Mirchandani sold 19,396 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $105.49, for a total value of $2,046,084.04. Following the completion of the sale, the chief executive officer owned 315,377 shares in the company, valued at $33,269,119.73. This trade represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, CAO Danielle Nicole Abrahamsen sold 1,065 shares of CommVault Systems stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $105.84, for a total value of $112,719.60. Following the completion of the sale, the chief accounting officer directly owned 13,581 shares in the company, valued at $1,437,413.04. This represents a 7.27% decrease in their position. The SEC filing for this sale provides additional information. 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 55,279 shares of company stock valued at $5,786,557 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of CommVault Systems

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in CommVault Systems by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker’s stock worth $711,492,000 after acquiring an additional 240,093 shares during the last quarter. First Trust Advisors LP grew its position in shares of 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 valued at $192,683,000 after purchasing an additional 312,178 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of CommVault Systems by 36.2% in the first quarter. Pictet Asset Management Holding SA now owns 1,239,225 shares of the software maker’s stock valued at $96,447,000 after purchasing an additional 329,243 shares during the last quarter. Westfield Capital Management Co. LP increased its stake 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 worth $132,515,000 after purchasing an additional 270,902 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of CommVault Systems by 60.8% during the 2nd quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock worth $155,744,000 after purchasing an additional 337,830 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

CommVault Systems Stock Performance

Shares of CVLT stock opened at $142.31 on Friday. The stock’s 50-day moving average price is $130.92 and its 200 day moving average price is $107.03. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 117.54. The stock has a market capitalization of $5.89 billion, a PE ratio of 89.50 and a beta of 0.79. CommVault Systems has a 52-week low of $71.75 and a 52-week high of $200.68.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The company had revenue of $311.69 million during the quarter, compared to analysts’ expectations of $306.71 million. During the same period last year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts forecast that CommVault Systems will post 2.88 EPS for the current year.

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.