CommVault Systems (NASDAQ:CVLT) Raised to "Strong-Buy" at Zacks Research

Key Points

• CommVault Systems has been upgraded by Zacks Research from a "hold" to a "strong-buy" rating, indicating increased analyst confidence in the stock.
• Various analysts have raised their target prices for CommVault, with KeyCorp setting it at $225.00 and Truist Financial at $230.00, while the average target price currently stands at $211.67.
• Shares of CommVault opened at $174.31 and have a market capitalization of $7.75 billion, reflecting a significant position in the tech market.

CommVault Systems (NASDAQ:CVLT - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the company. KeyCorp increased their target price on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Wall Street Zen cut CommVault Systems from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 21st. Truist Financial initiated coverage on CommVault Systems in a research note on Wednesday, October 8th. They set a "buy" rating and a $230.00 target price for the company. Piper Sandler raised CommVault Systems from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $195.00 to $200.00 in a research note on Monday. Finally, Guggenheim set a $220.00 price target on shares of CommVault Systems in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, CommVault Systems presently has an average rating of "Moderate Buy" and an average target price of $211.67.

CommVault Systems Price Performance

Shares of NASDAQ:CVLT opened at $174.31 on Monday. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 96.84 and a beta of 0.72. The firm's 50 day simple moving average is $183.03 and its 200 day simple moving average is $175.09. CommVault Systems has a fifty-two week low of $128.07 and a fifty-two week high of $200.68.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. The business had revenue of $281.98 million for the quarter, compared to the consensus estimate of $267.83 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The firm's quarterly revenue was up 26% compared to the same quarter last year. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Equities research analysts expect that CommVault Systems will post 1.65 earnings per share for the current year.

Insider Activity

In other CommVault Systems news, insider Gary Merrill sold 15,244 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $178.01, for a total transaction of $2,713,584.44. Following the completion of the sale, the insider owned 71,837 shares of the company's stock, valued at $12,787,704.37. This trade represents a 17.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $182.22, for a total value of $2,716,717.98. Following the sale, the chief financial officer directly owned 45,143 shares of the company's stock, valued at $8,225,957.46. This represents a 24.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,942 shares of company stock valued at $10,019,157 over the last three months. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. grew its holdings in CommVault Systems by 7.1% during the 1st 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 increased its position in CommVault Systems by 2.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,505,357 shares of the software maker's stock valued at $237,454,000 after acquiring an additional 43,075 shares during the period. Geode Capital Management LLC increased its position in CommVault Systems by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,337,403 shares of the software maker's stock valued at $233,172,000 after acquiring an additional 26,207 shares during the period. AQR Capital Management LLC increased its position in CommVault Systems by 60.8% in the 2nd quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker's stock valued at $155,744,000 after acquiring an additional 337,830 shares during the period. Finally, Nuveen LLC acquired a new position in CommVault Systems in the 1st quarter valued at approximately $116,223,000. Institutional investors and hedge funds own 93.50% of the company's stock.

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.

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