BidaskClub lowered shares of CommVault Systems, Inc. (NASDAQ:CVLT) from a buy rating to a hold rating in a report published on Tuesday.

Several other research firms also recently commented on CVLT. Jefferies Group LLC lifted their price objective on CommVault Systems from $67.00 to $75.00 and gave the stock a buy rating in a report on Tuesday, July 25th. Stifel Nicolaus reiterated a buy rating and issued a $75.00 price objective (up from $68.00) on shares of CommVault Systems in a report on Wednesday, July 26th. Lake Street Capital lifted their price objective on CommVault Systems from $63.00 to $69.00 and gave the stock a buy rating in a report on Wednesday, July 26th. Mitsubishi UFJ Financial Group set a $70.00 price objective on CommVault Systems and gave the stock a buy rating in a report on Tuesday, July 25th. Finally, Mizuho reiterated a buy rating and issued a $75.00 price objective (up from $70.00) on shares of CommVault Systems in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. CommVault Systems has an average rating of Buy and a consensus target price of $67.00.

CommVault Systems (NASDAQ CVLT) traded up 0.83% during trading on Tuesday, reaching $60.40. 286,719 shares of the company traded hands. The company’s 50-day moving average price is $58.23 and its 200 day moving average price is $53.79. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 1059.65 and a beta of 1.45. CommVault Systems has a 52 week low of $47.61 and a 52 week high of $64.60.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The company had revenue of $165.97 million during the quarter, compared to the consensus estimate of $159.92 million. During the same period last year, the company earned $0.21 EPS. CommVault Systems’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts expect that CommVault Systems will post $1.22 EPS for the current year.

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In other CommVault Systems news, SVP Ronald L. Miiller sold 90,500 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $57.50, for a total transaction of $5,203,750.00. Following the completion of the sale, the senior vice president now directly owns 137,409 shares in the company, valued at approximately $7,901,017.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gary Merrill sold 5,246 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $55.06, for a total value of $288,844.76. Following the sale, the insider now owns 20,822 shares of the company’s stock, valued at $1,146,459.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,123 shares of company stock valued at $8,431,089. Corporate insiders own 13.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in CommVault Systems during the fourth quarter worth about $20,653,000. Teachers Advisors LLC increased its stake in CommVault Systems by 3.2% in the fourth quarter. Teachers Advisors LLC now owns 354,829 shares of the software maker’s stock worth $18,238,000 after buying an additional 11,090 shares in the last quarter. Highbridge Capital Management LLC increased its stake in CommVault Systems by 23.6% in the fourth quarter. Highbridge Capital Management LLC now owns 29,734 shares of the software maker’s stock worth $1,529,000 after buying an additional 5,674 shares in the last quarter. Macquarie Group Ltd. increased its stake in CommVault Systems by 104.4% in the fourth quarter. Macquarie Group Ltd. now owns 41,500 shares of the software maker’s stock worth $2,133,000 after buying an additional 21,200 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in CommVault Systems by 6.0% in the first quarter. Capstone Asset Management Co. now owns 4,263 shares of the software maker’s stock worth $217,000 after buying an additional 240 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

CommVault Systems Company Profile

Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

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