Mitsubishi UFJ Financial Group set a $70.00 target price on CommVault Systems, Inc. (NASDAQ:CVLT) in a report released on Tuesday, July 25th. The firm currently has a buy rating on the software maker’s stock.
A number of other brokerages have also recently issued reports on CVLT. BidaskClub upgraded CommVault Systems from a hold rating to a buy rating in a research note on Saturday, June 10th. Mizuho reaffirmed a buy rating and set a $62.00 target price on shares of CommVault Systems in a report on Tuesday, June 20th. TheStreet raised CommVault Systems from a c rating to a b rating in a report on Monday, April 24th. Jefferies Group LLC lifted their target price on CommVault Systems from $64.00 to $67.00 and gave the company a buy rating in a report on Friday, May 5th. Finally, Zacks Investment Research lowered CommVault Systems from a hold rating to a sell rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. CommVault Systems has a consensus rating of Buy and an average price target of $67.00.
CommVault Systems (CVLT) traded up 0.58% during trading on Tuesday, hitting $60.75. 250,258 shares of the company traded hands. CommVault Systems has a 12-month low of $47.61 and a 12-month high of $64.60. The stock has a 50 day moving average price of $58.23 and a 200 day moving average price of $53.79. The company has a market capitalization of $2.77 billion, a P/E ratio of 1065.79 and a beta of 1.45.
CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, July 25th. The software maker reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The business had revenue of $165.97 million for the quarter, compared to analysts’ expectations of $159.92 million. During the same period in the previous year, the business posted $0.21 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that CommVault Systems will post $1.22 earnings per share for the current year.
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In related news, insider Al Bunte sold 30,001 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $60.01, for a total value of $1,800,360.01. Following the sale, the insider now directly owns 474,780 shares of the company’s stock, valued at $28,491,547.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 5,246 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $55.06, for a total value of $288,844.76. Following the completion of the sale, the insider now directly owns 20,822 shares in the company, valued at $1,146,459.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 176,124 shares of company stock valued at $10,231,449. 13.40% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in CVLT. Meadow Creek Investment Management LLC boosted its stake in CommVault Systems by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,352 shares of the software maker’s stock valued at $120,000 after buying an additional 56 shares during the period. Glen Harbor Capital Management LLC boosted its stake in CommVault Systems by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock valued at $145,000 after buying an additional 68 shares during the period. Advantus Capital Management Inc boosted its stake in CommVault Systems by 2.5% in the first quarter. Advantus Capital Management Inc now owns 5,367 shares of the software maker’s stock valued at $273,000 after buying an additional 132 shares during the period. Mason Street Advisors LLC boosted its stake in CommVault Systems by 0.7% in the first quarter. Mason Street Advisors LLC now owns 19,806 shares of the software maker’s stock valued at $1,006,000 after buying an additional 147 shares during the period. Finally, Texas Permanent School Fund increased its position in CommVault Systems by 0.5% in the second quarter. Texas Permanent School Fund now owns 30,519 shares of the software maker’s stock worth $1,723,000 after buying an additional 166 shares in the last quarter. 88.36% of the stock is currently owned by hedge funds and other institutional investors.
CommVault Systems Company Profile
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