Royal Bank Of Canada reiterated their hold rating on shares of CommVault Systems, Inc. (NASDAQ:CVLT) in a research note issued to investors on Monday. Royal Bank Of Canada currently has a $67.00 target price on the software maker’s stock.

A number of other brokerages also recently weighed in on CVLT. Lake Street Capital upped their price target on shares of CommVault Systems from $63.00 to $69.00 and gave the company a buy rating in a report on Wednesday, July 26th. Jefferies Group LLC upped their price target on shares of CommVault Systems from $67.00 to $75.00 and gave the company a buy rating in a report on Tuesday, July 25th. Stifel Nicolaus reissued a buy rating and issued a $75.00 price target (up from $68.00) on shares of CommVault Systems in a report on Wednesday, July 26th. Mitsubishi UFJ Financial Group set a $70.00 price target on shares of CommVault Systems and gave the company a buy rating in a report on Tuesday, July 25th. Finally, BidaskClub raised shares of CommVault Systems from a hold rating to a buy rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $69.80.

CommVault Systems (CVLT) opened at 60.60 on Monday. The stock has a market capitalization of $2.76 billion, a P/E ratio of 1063.16 and a beta of 1.44. The firm’s 50-day moving average is $59.86 and its 200 day moving average is $55.23. CommVault Systems has a 12-month low of $47.61 and a 12-month high of $64.60.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, July 25th. The software maker reported $0.21 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $165.97 million during the quarter, compared to the consensus estimate of $159.92 million. During the same period in the prior year, the company earned $0.21 EPS. CommVault Systems’s revenue was up 9.4% on a year-over-year basis. Equities research analysts anticipate that CommVault Systems will post $1.22 earnings per share for the current year.

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In other news, insider Gary Merrill sold 15,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $57.51, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Al Bunte sold 30,001 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $60.01, for a total value of $1,800,360.01. Following the completion of the transaction, the insider now owns 474,780 shares in the company, valued at approximately $28,491,547.80. The disclosure for this sale can be found here. Insiders sold a total of 69,247 shares of company stock worth $4,136,094 in the last quarter. 13.40% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of CVLT. Capstone Asset Management Co. increased its holdings in shares of CommVault Systems by 6.0% in the 1st quarter. Capstone Asset Management Co. now owns 4,263 shares of the software maker’s stock valued at $217,000 after purchasing an additional 240 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of CommVault Systems by 1.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the software maker’s stock valued at $538,000 after purchasing an additional 200 shares during the period. Profund Advisors LLC increased its holdings in shares of CommVault Systems by 2.3% in the 1st quarter. Profund Advisors LLC now owns 7,314 shares of the software maker’s stock valued at $372,000 after purchasing an additional 167 shares during the period. Glen Harbor Capital Management LLC increased its holdings in shares of CommVault Systems by 2.4% in the 1st quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock valued at $145,000 after purchasing an additional 68 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of CommVault Systems by 1.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,679 shares of the software maker’s stock valued at $746,000 after purchasing an additional 200 shares during the period. Institutional investors own 88.71% of the company’s stock.

About CommVault Systems

Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

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