CommVault Systems, Inc. (NASDAQ:CVLT)‘s stock had its “buy” rating restated by research analysts at Piper Jaffray Companies in a report released on Friday. They presently have a $74.00 price objective on the software maker’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 21.21% from the stock’s current price.

CVLT has been the subject of several other research reports. Jefferies Group LLC upped their price target on shares of CommVault Systems from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. BidaskClub raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Mitsubishi UFJ Financial Group set a $70.00 target price on shares of CommVault Systems and gave the company a “buy” rating in a research report on Tuesday, July 25th. Mizuho reissued a “buy” rating and set a $75.00 target price (up previously from $70.00) on shares of CommVault Systems in a research report on Monday, July 24th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $75.00 target price (up previously from $68.00) on shares of CommVault Systems in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. CommVault Systems has a consensus rating of “Buy” and a consensus target price of $67.70.

Shares of CommVault Systems (CVLT) opened at 61.05 on Friday. CommVault Systems has a 12 month low of $47.61 and a 12 month high of $64.60. The company has a market cap of $2.78 billion, a P/E ratio of 1071.05 and a beta of 1.45. The company’s 50 day moving average is $59.68 and its 200 day moving average is $54.96.

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

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In other CommVault Systems news, VP Brian Carolan sold 9,174 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $59.80, for a total transaction of $548,605.20. Following the transaction, the vice president now owns 74,513 shares in the company, valued at approximately $4,455,877.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary Merrill sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $57.51, for a total transaction of $862,650.00. Following the transaction, the insider now owns 39,312 shares in the company, valued at approximately $2,260,833.12. The disclosure for this sale can be found here. Insiders have sold a total of 69,247 shares of company stock worth $4,136,094 in the last 90 days. 13.40% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CommVault Systems by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock worth $107,000 after buying an additional 203 shares during the last quarter. US Bancorp DE raised its position in shares of CommVault Systems by 47.0% in the second quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock worth $119,000 after buying an additional 672 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in shares of CommVault Systems by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,352 shares of the software maker’s stock worth $120,000 after buying an additional 56 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of CommVault Systems by 70.9% in the second quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock worth $145,000 after buying an additional 1,063 shares during the last quarter. Finally, Glen Harbor Capital Management LLC raised its position in shares of CommVault Systems by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock worth $145,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

CommVault Systems Company Profile

Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

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