Commvault Systems, Inc. (NASDAQ:CVLT) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Commvault Systems, Inc. (NASDAQ:CVLT - Get Free Report) have received an average rating of "Moderate Buy" from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $175.25.

Several equities analysts have recently weighed in on CVLT shares. Oppenheimer raised their price objective on Commvault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Royal Bank of Canada raised their price objective on Commvault Systems from $175.00 to $185.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Guggenheim restated a "neutral" rating on shares of Commvault Systems in a report on Wednesday, April 23rd. Wall Street Zen upgraded Commvault Systems from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company raised their price objective on Commvault Systems from $180.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th.

Commvault Systems Price Performance

CVLT stock traded up $1.66 during trading hours on Monday, reaching $179.03. 27,376 shares of the stock were exchanged, compared to its average volume of 420,783. The firm's 50-day moving average is $164.14 and its 200-day moving average is $165.11. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 47.02 and a beta of 0.71. Commvault Systems has a 12 month low of $105.76 and a 12 month high of $190.11.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last released its earnings results on Tuesday, April 29th. The software maker reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.10. The firm had revenue of $275.04 million during the quarter, compared to analysts' expectations of $262.52 million. Commvault Systems had a return on equity of 28.69% and a net margin of 18.14%. The company's revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. As a group, equities research analysts forecast that Commvault Systems will post 1.65 earnings per share for the current year.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 1,709 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $299,075.00. Following the completion of the sale, the chief executive officer now directly owns 469,648 shares of the company's stock, valued at approximately $82,188,400. This represents a 0.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gary Merrill sold 1,748 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $174.91, for a total transaction of $305,742.68. Following the transaction, the insider now directly owns 89,923 shares of the company's stock, valued at $15,728,431.93. This represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,957 shares of company stock valued at $859,428. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CVLT. Vanguard Group Inc. raised its position in shares of Commvault Systems by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,636,559 shares of the software maker's stock valued at $850,613,000 after buying an additional 54,562 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Commvault Systems by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,909,185 shares of the software maker's stock worth $288,115,000 after purchasing an additional 24,900 shares during the period. Invesco Ltd. boosted its position in shares of Commvault Systems by 7.1% during the first quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker's stock worth $280,388,000 after acquiring an additional 117,199 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Commvault Systems by 2.9% during the first quarter. Acadian Asset Management LLC now owns 1,505,357 shares of the software maker's stock worth $237,454,000 after acquiring an additional 43,075 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Commvault Systems by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 1,288,068 shares of the software maker's stock valued at $194,681,000 after purchasing an additional 43,088 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

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.