Brokerages Set CommVault Systems, Inc. (NASDAQ:CVLT) Target Price at $136.33

CommVault Systems, Inc. (NASDAQ:CVLTGet Free Report) has earned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $136.3333.

CVLT has been the subject of a number of research analyst reports. KeyCorp increased their price objective on shares of CommVault Systems from $108.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Stephens upped their price target on CommVault Systems from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 16th. Wall Street Zen lowered CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Mizuho lifted their price objective on CommVault Systems from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Finally, Robert W. Baird cut their price objective on CommVault Systems from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, April 13th.

Check Out Our Latest Research Report on CommVault Systems

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, CFO Gary Merrill sold 4,560 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $105.10, for a total transaction of $479,256.00. Following the sale, the chief financial officer directly owned 72,507 shares in the company, valued at $7,620,485.70. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Danielle Nicole Abrahamsen sold 1,065 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $105.84, for a total transaction of $112,719.60. Following the sale, the chief accounting officer directly owned 13,581 shares in the company, valued at $1,437,413.04. This represents a 7.27% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 55,025 shares of company stock valued at $5,748,457 in the last three months. 0.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CommVault Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CVLT. Tudor Investment Corp ET AL purchased a new position in CommVault Systems in the third quarter valued at $1,887,800,000. First Trust Advisors LP increased its stake in shares of CommVault Systems by 1,335.8% during the third 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 period. M&T Bank Corp lifted its stake in CommVault Systems by 22,133.9% in the fourth quarter. M&T Bank Corp now owns 610,098 shares of the software maker’s stock worth $76,482,000 after acquiring an additional 607,354 shares during the last quarter. TD Asset Management Inc grew its holdings in CommVault Systems by 14,047.5% during the 4th quarter. TD Asset Management Inc now owns 381,982 shares of the software maker’s stock worth $47,885,000 after acquiring an additional 379,282 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in CommVault Systems by 60.8% during the 2nd quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock worth $155,744,000 after acquiring an additional 337,830 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

CommVault Systems Trading Up 2.8%

Shares of NASDAQ:CVLT traded up $4.26 during midday trading on Tuesday, reaching $154.31. 267,097 shares of the company’s stock were exchanged, compared to its average volume of 1,000,339. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 97.09 and a beta of 0.79. CommVault Systems has a fifty-two week low of $71.75 and a fifty-two week high of $200.68. The firm’s 50 day simple moving average is $117.81 and its two-hundred day simple moving average is $104.83. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 1.95.

CommVault Systems (NASDAQ:CVLTGet Free Report) last announced its earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.19. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The company had revenue of $311.69 million during the quarter, compared to analyst estimates of $306.71 million. During the same quarter last year, the firm posted $1.03 earnings per share. CommVault Systems’s revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts forecast that CommVault Systems will post 2.86 EPS for the current fiscal year.

Key Headlines Impacting CommVault Systems

Here are the key news stories impacting CommVault Systems this week:

About CommVault Systems

(Get Free Report)

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.

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Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

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