CommVault Systems (NASDAQ:CVLT) Upgraded to Strong-Buy at Stephens

Stephens upgraded shares of CommVault Systems (NASDAQ:CVLT) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Guggenheim reissued a “buy” rating and issued a $220.00 price objective on shares of CommVault Systems in a research report on Thursday, October 16th. Cantor Fitzgerald cut their price target on shares of CommVault Systems from $189.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Piper Sandler upgraded CommVault Systems from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $195.00 to $200.00 in a report on Monday, October 13th. Mizuho began coverage on CommVault Systems in a report on Monday, December 8th. They set an “outperform” rating and a $190.00 target price on the stock. Finally, Oppenheimer assumed coverage on CommVault Systems in a research report on Monday, November 10th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.92.

CommVault Systems Price Performance

CVLT stock opened at $126.79 on Monday. The stock has a 50-day moving average price of $129.85 and a two-hundred day moving average price of $161.80. CommVault Systems has a 1 year low of $114.46 and a 1 year high of $200.68. The stock has a market cap of $5.59 billion, a PE ratio of 71.23 and a beta of 0.60. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 4.18.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, October 28th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.04). The firm had revenue of $276.19 million for the quarter, compared to analyst estimates of $273.31 million. CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 earnings per share. Equities analysts forecast that CommVault Systems will post 1.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other CommVault Systems news, CFO Jennifer Leigh Dirico sold 830 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $102,571.40. Following the sale, the chief financial officer owned 44,313 shares in the company, valued at $5,476,200.54. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gary Merrill sold 2,674 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total value of $330,452.92. Following the completion of the sale, the insider owned 69,163 shares in the company, valued at approximately $8,547,163.54. This trade represents a 3.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,111 shares of company stock valued at $4,058,851 over the last 90 days. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CommVault Systems

A number of hedge funds and other institutional investors have recently modified their holdings of CVLT. Versor Investments LP increased its stake in shares of CommVault Systems by 158.6% in the 2nd quarter. Versor Investments LP now owns 4,396 shares of the software maker’s stock valued at $766,000 after purchasing an additional 2,696 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in CommVault Systems by 23.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,750 shares of the software maker’s stock valued at $305,000 after acquiring an additional 336 shares during the last quarter. Vise Technologies Inc. acquired a new position in CommVault Systems during the second quarter worth about $429,000. Vontobel Holding Ltd. lifted its holdings in shares of CommVault Systems by 171.2% in the third quarter. Vontobel Holding Ltd. now owns 15,860 shares of the software maker’s stock worth $2,994,000 after acquiring an additional 10,012 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of CommVault Systems by 19,656.7% in the 2nd quarter. Allworth Financial LP now owns 11,854 shares of the software maker’s stock valued at $2,067,000 after purchasing an additional 11,794 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

CommVault Systems Company Profile

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.