A number of other brokerages also recently weighed in on CVLT. Stifel Nicolaus upped their price target on shares of CommVault Systems from $62.00 to $68.00 and gave the company a buy rating in a report on Thursday, October 6th. Mizuho boosted their price objective on CommVault Systems from $56.00 to $60.00 and gave the stock a buy rating in a report on Friday, September 9th. Zacks Investment Research downgraded CommVault Systems from a buy rating to a hold rating in a report on Wednesday, July 27th. Pacific Crest boosted their price objective on CommVault Systems from $49.00 to $53.00 and gave the stock an overweight rating in a report on Wednesday, July 27th. Finally, JMP Securities restated a buy rating on shares of CommVault Systems in a report on Wednesday, August 31st. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. CommVault Systems has an average rating of Buy and a consensus target price of $50.73.
CommVault Systems (NASDAQ:CVLT) opened at 53.96 on Thursday. The firm’s market capitalization is $2.40 billion. The firm’s 50-day moving average is $52.86 and its 200-day moving average is $47.40. CommVault Systems has a 12 month low of $29.41 and a 12 month high of $55.89.
CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. CommVault Systems had a negative net margin of 0.10% and a negative return on equity of 1.33%. The company earned $152.40 million during the quarter, compared to the consensus estimate of $149.15 million. During the same period in the prior year, the company earned $0.12 EPS. CommVault Systems’s revenue was up 9.6% on a year-over-year basis. On average, equities research analysts expect that CommVault Systems will post $0.96 EPS for the current year.
In other CommVault Systems news, SVP Ronald L. Miiller sold 31,727 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $50.44, for a total transaction of $1,600,309.88. Following the completion of the sale, the senior vice president now owns 156,649 shares of the company’s stock, valued at $7,901,375.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.60% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Pacad Investment Ltd. boosted its stake in shares of CommVault Systems by 31.4% in the first quarter. Pacad Investment Ltd. now owns 15,500 shares of the company’s stock worth $669,000 after buying an additional 3,700 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of CommVault Systems by 20.4% in the first quarter. TIAA CREF Investment Management LLC now owns 182,756 shares of the company’s stock worth $7,890,000 after buying an additional 30,981 shares during the last quarter. Teachers Advisors Inc. boosted its stake in shares of CommVault Systems by 14.9% in the first quarter. Teachers Advisors Inc. now owns 77,267 shares of the company’s stock worth $3,336,000 after buying an additional 10,021 shares during the last quarter. BlackRock Inc. boosted its stake in shares of CommVault Systems by 9.1% in the first quarter. BlackRock Inc. now owns 16,786 shares of the company’s stock worth $725,000 after buying an additional 1,398 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of CommVault Systems by 27.6% in the first quarter. BlackRock Group LTD now owns 30,657 shares of the company’s stock worth $1,323,000 after buying an additional 6,639 shares during the last quarter. 91.50% of the stock is owned by hedge funds and other institutional investors.
About CommVault Systems
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