Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, three have given 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 $59.50.
CVLT has been the subject of several analyst reports. Zacks Investment Research raised shares of CommVault Systems from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Thursday, October 31st. Jefferies Financial Group initiated coverage on shares of CommVault Systems in a research note on Tuesday, October 8th. They issued a “buy” rating and a $59.00 target price for the company. ValuEngine raised shares of CommVault Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Finally, BidaskClub raised shares of CommVault Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th.
In other CommVault Systems news, CFO Brian Carolan sold 647 shares of CommVault Systems stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $50.18, for a total transaction of $32,466.46. Following the completion of the transaction, the chief financial officer now directly owns 107,100 shares of the company’s stock, valued at $5,374,278. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO James J. Whalen sold 1,389 shares of CommVault Systems stock in a transaction on Friday, November 1st. The stock was sold at an average price of $50.17, for a total transaction of $69,686.13. Following the transaction, the chief accounting officer now directly owns 19,594 shares of the company’s stock, valued at $983,030.98. The disclosure for this sale can be found here. Insiders sold 119,332 shares of company stock valued at $5,786,317 over the last three months. 12.00% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in CVLT. First Trust Advisors LP boosted its position in CommVault Systems by 17.1% during the first quarter. First Trust Advisors LP now owns 37,602 shares of the software maker’s stock worth $2,434,000 after purchasing an additional 5,501 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of CommVault Systems by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 15,530 shares of the software maker’s stock worth $771,000 after buying an additional 220 shares in the last quarter. Strs Ohio lifted its holdings in shares of CommVault Systems by 5.2% during the second quarter. Strs Ohio now owns 20,100 shares of the software maker’s stock worth $997,000 after buying an additional 1,000 shares in the last quarter. Bowling Portfolio Management LLC acquired a new stake in shares of CommVault Systems during the second quarter worth $401,000. Finally, SG Americas Securities LLC lifted its holdings in shares of CommVault Systems by 1,191.8% during the second quarter. SG Americas Securities LLC now owns 83,242 shares of the software maker’s stock worth $4,130,000 after buying an additional 76,798 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.
Shares of CVLT traded down $0.35 during mid-day trading on Friday, hitting $47.86. 14,168 shares of the company’s stock were exchanged, compared to its average volume of 407,030. The company has a market cap of $2.20 billion, a PE ratio of 79.78, a P/E/G ratio of 9.94 and a beta of 1.13. CommVault Systems has a 52 week low of $40.73 and a 52 week high of $69.20. The company has a 50-day simple moving average of $48.78 and a 200 day simple moving average of $46.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.95 and a quick ratio of 1.95.
CommVault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, October 29th. The software maker reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.14. CommVault Systems had a negative net margin of 0.39% and a positive return on equity of 7.18%. The business had revenue of $167.58 million during the quarter, compared to analysts’ expectations of $163.28 million. During the same period last year, the business earned $0.40 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. On average, analysts anticipate that CommVault Systems will post 0.49 earnings per share for the current year.
About CommVault Systems
Commvault Systems, Inc provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.
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