Commvault Systems, Inc. (NASDAQ:CVLT) Receives Consensus Rating of “Moderate Buy” from Analysts

Commvault Systems, Inc. (NASDAQ:CVLT) has received a consensus rating of “Moderate Buy” from the four brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $85.60.

CVLT has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Commvault Systems from $86.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. KeyCorp raised shares of Commvault Systems from a “sector weight” rating to an “overweight” rating and set a $109.00 price objective on the stock in a report on Wednesday, January 31st.

Commvault Systems Stock Performance

NASDAQ:CVLT opened at $94.87 on Monday. The firm has a market cap of $4.15 billion, a P/E ratio of -3,161.28 and a beta of 0.62. The firm has a 50-day simple moving average of $97.12 and a 200-day simple moving average of $82.76. Commvault Systems has a one year low of $56.76 and a one year high of $102.21.

Commvault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.73 by $0.05. Commvault Systems had a negative net margin of 0.09% and a positive return on equity of 32.27%. The firm had revenue of $216.81 million during the quarter, compared to analyst estimates of $208.01 million. During the same quarter in the previous year, the business posted $0.17 EPS. Commvault Systems’s revenue was up 11.1% on a year-over-year basis. On average, research analysts predict that Commvault Systems will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Commvault Systems news, CEO Sanjay Mirchandani sold 21,494 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $97.82, for a total transaction of $2,102,543.08. Following the completion of the transaction, the chief executive officer now owns 399,356 shares of the company’s stock, valued at $39,065,003.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Sanjay Mirchandani sold 21,494 shares of Commvault Systems stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $97.82, for a total value of $2,102,543.08. Following the completion of the transaction, the chief executive officer now owns 399,356 shares in the company, valued at $39,065,003.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Allison Pickens sold 990 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $94.73, for a total transaction of $93,782.70. Following the sale, the director now directly owns 7,206 shares in the company, valued at approximately $682,624.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,306 shares of company stock worth $2,276,265. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Commvault Systems

Several institutional investors have recently bought and sold shares of the company. State of Michigan Retirement System increased its stake in Commvault Systems by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 10,712 shares of the software maker’s stock valued at $1,087,000 after buying an additional 200 shares during the period. Diversified Trust Co increased its stake in Commvault Systems by 33.2% in the 1st quarter. Diversified Trust Co now owns 8,523 shares of the software maker’s stock valued at $864,000 after buying an additional 2,122 shares during the period. Los Angeles Capital Management LLC increased its stake in Commvault Systems by 59.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 22,102 shares of the software maker’s stock valued at $2,242,000 after buying an additional 8,202 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Commvault Systems in the 4th quarter valued at $3,092,000. Finally, Vanguard Group Inc. boosted its position in shares of Commvault Systems by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 5,488,370 shares of the software maker’s stock worth $438,246,000 after purchasing an additional 61,556 shares in the last quarter. 93.50% of the stock is 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.