CommVault Systems (NASDAQ:CVLT) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.
Several other research analysts have also commented on CVLT. Mizuho restated a “buy” rating and issued a $75.00 price target on shares of CommVault Systems in a report on Wednesday. Zacks Investment Research lowered shares of CommVault Systems from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Jefferies Group restated a “buy” rating on shares of CommVault Systems in a report on Thursday, October 26th. Wells Fargo & Co assumed coverage on shares of CommVault Systems in a report on Tuesday, November 14th. They issued an “outperform” rating and a $64.00 price target on the stock. Finally, Royal Bank of Canada restated a “hold” rating on shares of CommVault Systems in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $70.00.
CommVault Systems (NASDAQ:CVLT) opened at $52.55 on Thursday. CommVault Systems has a 1-year low of $47.61 and a 1-year high of $64.60. The company has a market cap of $2,431.66, a P/E ratio of 1,314.08, a P/E/G ratio of 64.80 and a beta of 1.44.
Several institutional investors and hedge funds have recently bought and sold shares of CVLT. Schwab Charles Investment Management Inc. raised its stake in shares of CommVault Systems by 3.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 251,653 shares of the software maker’s stock valued at $14,206,000 after purchasing an additional 7,704 shares during the period. Legal & General Group Plc raised its stake in shares of CommVault Systems by 21.1% during the second quarter. Legal & General Group Plc now owns 31,144 shares of the software maker’s stock valued at $1,759,000 after purchasing an additional 5,434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of CommVault Systems by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock valued at $107,000 after purchasing an additional 203 shares during the period. Principal Financial Group Inc. increased its stake in shares of CommVault Systems by 6.0% in the second quarter. Principal Financial Group Inc. now owns 181,417 shares of the software maker’s stock worth $10,241,000 after buying an additional 10,336 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of CommVault Systems by 2.1% in the second quarter. Wells Fargo & Company MN now owns 168,714 shares of the software maker’s stock worth $9,525,000 after buying an additional 3,499 shares during the last quarter. Institutional investors own 88.33% of the company’s stock.
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About CommVault Systems
Commvault Systems, Inc (Commvault) is a provider of data and information management software applications and related services. The Company develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its customers with data protection solutions supporting all operating systems, applications, and databases on virtual and physical servers, Network Attached Storage (NAS) shares, cloud-based infrastructures, and mobile devices; management through a single console; multiple protection methods, including backup and archive, snapshot management, replication, and content indexing for eDiscovery; storage management using deduplication for disk, tape and cloud; integration with the storage arrays; complete virtual infrastructure management supporting multiple hypervisors; security capabilities to limit access to critical data, and policy-based data management.
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