Analysts Set CommVault Systems, Inc. (NASDAQ:CVLT) Price Target at $194.64

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have received a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $194.6364.

CVLT has been the subject of several recent research reports. Guggenheim reiterated a “buy” rating and issued a $220.00 price target on shares of CommVault Systems in a research report on Thursday, October 16th. Royal Bank Of Canada reduced their price target on shares of CommVault Systems from $217.00 to $167.00 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. Wells Fargo & Company cut their price objective on shares of CommVault Systems from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a report on Wednesday, October 8th. Finally, KeyCorp dropped their target price on CommVault Systems from $225.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th.

CommVault Systems Stock Performance

Shares of NASDAQ CVLT opened at $121.59 on Friday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 2.53 and a current ratio of 2.53. The company has a market cap of $5.36 billion, a P/E ratio of 68.31 and a beta of 0.60. CommVault Systems has a 52-week low of $114.46 and a 52-week high of $200.68. The firm’s fifty day moving average is $141.46 and its two-hundred day moving average is $166.86.

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

Insider Activity at CommVault Systems

In other CommVault Systems news, insider Gary Merrill sold 1,845 shares of CommVault Systems stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $122.40, for a total value of $225,828.00. Following the transaction, the insider owned 67,318 shares in the company, valued at $8,239,723.20. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jennifer Leigh Dirico sold 830 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total transaction of $102,571.40. Following the sale, the chief financial officer directly owned 44,313 shares of the company’s stock, valued at approximately $5,476,200.54. The trade was a 1.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,111 shares of company stock valued at $4,058,851 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CommVault Systems

Institutional investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new position in shares of CommVault Systems during the third quarter worth $1,887,800,000. First Trust Advisors LP grew its stake in CommVault Systems by 1,335.8% during the 3rd quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker’s stock worth $231,228,000 after buying an additional 1,139,547 shares during the last quarter. Westfield Capital Management Co. LP increased its position in CommVault Systems by 135.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 786,175 shares of the software maker’s stock valued at $148,414,000 after buying an additional 452,422 shares in the last quarter. AQR Capital Management LLC raised its stake in CommVault Systems by 60.8% in the second quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock valued at $155,744,000 after buying an additional 337,830 shares during the last quarter. Finally, Champlain Investment Partners LLC acquired a new stake in CommVault Systems in the first quarter worth about $47,361,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

CommVault Systems Company Profile

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.