Commvault Systems Inc. (NASDAQ:CVLT) has earned an average recommendation of “Buy” from the sixteen analysts that are currently covering the firm. Six equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $54.33.

Several equities research analysts have recently commented on the company. RBC Capital Markets reissued a “hold” rating and set a $58.00 price target (up previously from $54.00) on shares of Commvault Systems in a research note on Wednesday, October 26th. Jefferies Group boosted their price target on Commvault Systems from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, September 14th. Mizuho boosted their price target on Commvault Systems from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Royal Bank Of Canada boosted their price target on Commvault Systems from $54.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 26th. Finally, Stifel Nicolaus boosted their price target on Commvault Systems from $62.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 6th.

Commvault Systems (NASDAQ:CVLT) traded down 0.315% during midday trading on Friday, reaching $55.425. The company’s stock had a trading volume of 54,243 shares. The stock has a market capitalization of $2.51 billion, a PE ratio of 322.238 and a beta of 1.48. The firm’s 50-day moving average price is $53.88 and its 200-day moving average price is $49.76. Commvault Systems has a 52 week low of $29.41 and a 52 week high of $57.25.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. Commvault Systems had a return on equity of 0.60% and a net margin of 1.29%. The company had revenue of $159.30 million for the quarter, compared to analyst estimates of $152.90 million. During the same quarter in the previous year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts anticipate that Commvault Systems will post $0.99 earnings per share for the current year.

In other news, SVP Ronald L. Miiller sold 21,152 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $52.92, for a total transaction of $1,119,363.84. Following the completion of the sale, the senior vice president now directly owns 127,120 shares in the company, valued at approximately $6,727,190.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Brian Carolan sold 7,000 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $56.40, for a total value of $394,800.00. Following the sale, the vice president now owns 87,105 shares of the company’s stock, valued at $4,912,722. The disclosure for this sale can be found here. Insiders own 13.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CVLT. BlackRock Group LTD increased its stake in Commvault Systems by 27.6% in the first quarter. BlackRock Group LTD now owns 30,657 shares of the company’s stock worth $1,323,000 after buying an additional 6,639 shares during the last quarter. Geode Capital Management LLC increased its stake in Commvault Systems by 10.8% in the first quarter. Geode Capital Management LLC now owns 308,665 shares of the company’s stock worth $13,325,000 after buying an additional 30,078 shares during the last quarter. A.R.T. Advisors LLC increased its stake in Commvault Systems by 251.1% in the first quarter. A.R.T. Advisors LLC now owns 22,791 shares of the company’s stock worth $983,000 after buying an additional 16,300 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Commvault Systems by 1.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 68,660 shares of the company’s stock worth $2,964,000 after buying an additional 1,290 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Commvault Systems by 1.4% in the first quarter. Royal Bank of Canada now owns 314,513 shares of the company’s stock worth $13,578,000 after buying an additional 4,310 shares during the last quarter. Institutional investors and hedge funds own 91.37% of the company’s stock.

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About Commvault Systems

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