William Blair Reaffirms Market Perform Rating for CommVault Systems (NASDAQ:CVLT)

CommVault Systems (NASDAQ:CVLT)‘s stock had its “market perform” rating reaffirmed by research analysts at William Blair in a report released on Monday, Marketbeat.com reports.

A number of other analysts have also issued reports on the stock. Mizuho lowered their target price on shares of CommVault Systems from $180.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. KeyCorp decreased their price objective on shares of CommVault Systems from $152.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of CommVault Systems in a research report on Wednesday, January 21st. Cantor Fitzgerald dropped their target price on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Finally, Oppenheimer reduced their target price on shares of CommVault Systems from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, CommVault Systems currently has an average rating of “Moderate Buy” and an average price target of $142.75.

CommVault Systems Trading Down 0.5%

CVLT opened at $79.41 on Monday. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.34 and a current ratio of 2.34. The stock’s 50 day moving average price is $93.90 and its 200-day moving average price is $129.38. CommVault Systems has a one year low of $76.99 and a one year high of $200.68. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 40.93 and a beta of 0.59.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.19. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The company had revenue of $313.83 million during the quarter, compared to analysts’ expectations of $299.07 million. During the same quarter in the previous year, the business earned $0.94 EPS. CommVault Systems’s revenue was up 19.5% compared to the same quarter last year. On average, equities analysts forecast that CommVault Systems will post 1.65 EPS for the current year.

Insider Activity

In other CommVault Systems news, CEO Sanjay Mirchandani sold 10,052 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $80.09, for a total transaction of $805,064.68. Following the transaction, the chief executive officer directly owned 332,529 shares in the company, valued at $26,632,247.61. This represents a 2.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary Merrill sold 1,892 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $91.28, for a total transaction of $172,701.76. Following the transaction, the insider directly owned 62,833 shares in the company, valued at $5,735,396.24. This trade represents a 2.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,355 shares of company stock valued at $2,613,165 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CommVault Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cullen Frost Bankers Inc. raised its stake in CommVault Systems by 43.8% in the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after buying an additional 74 shares in the last quarter. JSF Financial LLC boosted its position in CommVault Systems by 1.1% during the 3rd quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock valued at $1,387,000 after acquiring an additional 82 shares in the last quarter. Assetmark Inc. increased its holdings in shares of CommVault Systems by 33.6% in the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after acquiring an additional 82 shares during the period. Farther Finance Advisors LLC raised its position in shares of CommVault Systems by 17.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock worth $123,000 after acquiring an additional 95 shares in the last quarter. Finally, Diversify Wealth Management LLC lifted its stake in shares of CommVault Systems by 1.6% during the 3rd quarter. Diversify Wealth Management LLC now owns 7,060 shares of the software maker’s stock worth $1,333,000 after purchasing an additional 110 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

About CommVault Systems

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.