CommVault Systems Inc. (NASDAQ:CVLT) had its price target hoisted by KeyCorp from $53.00 to $58.00 in a report released on Thursday. The brokerage currently has an overweight rating on the stock.

Several other equities analysts have also issued reports on the company. Stifel Nicolaus boosted their price target on CommVault Systems from $55.00 to $62.00 and gave the company a buy rating in a research note on Tuesday, July 26th. Jefferies Group boosted their price target on CommVault Systems from $52.00 to $60.00 and gave the company a buy rating in a research note on Wednesday, July 27th. Summit Redstone reissued a buy rating and issued a $55.00 price target on shares of CommVault Systems in a research note on Tuesday, July 5th. JMP Securities reissued a buy rating on shares of CommVault Systems in a research note on Wednesday, August 31st. Finally, Mizuho boosted their price target on CommVault Systems from $56.00 to $60.00 and gave the company a buy rating in a research note on Friday, September 9th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $50.73.

Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

CommVault Systems (NASDAQ:CVLT) traded down 1.67% during midday trading on Thursday, hitting $54.82. The stock had a trading volume of 142,525 shares. CommVault Systems has a 1-year low of $29.41 and a 1-year high of $55.82. The stock’s 50-day moving average is $52.62 and its 200-day moving average is $47.02. The stock’s market capitalization is $2.44 billion.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. CommVault Systems had a negative return on equity of 1.33% and a negative net margin of 0.10%. The firm had revenue of $152.40 million for the quarter, compared to analyst estimates of $149.15 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that CommVault Systems will post $0.96 EPS for the current fiscal year.

In related news, SVP Ronald L. Miiller sold 31,727 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $50.44, for a total transaction of $1,600,309.88. Following the completion of the sale, the senior vice president now owns 156,649 shares in the company, valued at $7,901,375.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 13.60% of the company’s stock.

A number of large investors have recently made changes to their positions in CVLT. Comerica Bank increased its stake in shares of CommVault Systems by 0.5% in the second quarter. Comerica Bank now owns 28,254 shares of the company’s stock valued at $1,432,000 after buying an additional 133 shares during the period. JPMorgan Chase & Co. increased its stake in shares of CommVault Systems by 1.0% in the second quarter. JPMorgan Chase & Co. now owns 28,604 shares of the company’s stock valued at $1,236,000 after buying an additional 285 shares during the period. Profund Advisors LLC increased its stake in shares of CommVault Systems by 4.2% in the second quarter. Profund Advisors LLC now owns 7,215 shares of the company’s stock valued at $312,000 after buying an additional 292 shares during the period. Bayesian Capital Management LP increased its stake in shares of CommVault Systems by 4.2% in the first quarter. Bayesian Capital Management LP now owns 7,293 shares of the company’s stock valued at $315,000 after buying an additional 293 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of CommVault Systems by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 14,196 shares of the company’s stock valued at $613,000 after buying an additional 341 shares during the period. Institutional investors and hedge funds own 91.50% of the company’s stock.

CommVault Systems Company Profile

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