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

Commvault Systems, Inc. (NASDAQ:CVLT) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $154.56.

Several research firms recently issued reports on CVLT. KeyCorp initiated coverage on shares of Commvault Systems in a report on Thursday, January 16th. They issued an “overweight” rating and a $192.00 price target on the stock. Cantor Fitzgerald assumed coverage on shares of Commvault Systems in a research report on Friday, January 17th. They issued a “neutral” rating and a $159.00 target price for the company. StockNews.com downgraded Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. Oppenheimer initiated coverage on shares of Commvault Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price objective for the company. Finally, Royal Bank of Canada upped their price target on Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th.

Commvault Systems Price Performance

Shares of CVLT opened at $159.88 on Tuesday. The stock has a market cap of $6.99 billion, a PE ratio of 40.48 and a beta of 0.65. Commvault Systems has a 12 month low of $79.39 and a 12 month high of $178.72. The stock’s 50-day moving average is $163.92 and its two-hundred day moving average is $153.24.

Commvault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. The firm had revenue of $233.28 million for the quarter, compared to the consensus estimate of $220.76 million. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, research analysts anticipate that Commvault Systems will post 1.65 earnings per share for the current year.

Insiders Place Their Bets

In other Commvault Systems news, insider Gary Merrill sold 1,523 shares of Commvault Systems stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $164.89, for a total value of $251,127.47. Following the transaction, the insider now directly owns 93,007 shares of the company’s stock, valued at $15,335,924.23. The trade was a 1.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Allison Pickens sold 1,232 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $172.50, for a total value of $212,520.00. Following the completion of the sale, the director now directly owns 5,899 shares of the company’s stock, valued at $1,017,577.50. This represents a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,530 shares of company stock valued at $2,244,755 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Commvault Systems

A number of hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its holdings in Commvault Systems by 3.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker’s stock valued at $296,000 after acquiring an additional 66 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Commvault Systems by 1.3% during the second quarter. Xponance Inc. now owns 6,371 shares of the software maker’s stock valued at $775,000 after acquiring an additional 79 shares during the period. GAMMA Investing LLC boosted its stake in shares of Commvault Systems by 13.7% in the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock valued at $152,000 after purchasing an additional 121 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Commvault Systems by 5.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,701 shares of the software maker’s stock worth $328,000 after purchasing an additional 139 shares during the last quarter. Finally, OLD National Bancorp IN increased its position in shares of Commvault Systems by 7.1% during the 4th quarter. OLD National Bancorp IN now owns 2,187 shares of the software maker’s stock worth $330,000 after purchasing an additional 145 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

About Commvault Systems

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.