CommVault Systems Inc. (NASDAQ:CVLT) shares saw unusually-strong trading volume on Monday . Approximately 687,132 shares were traded during mid-day trading, an increase of 40% from the previous session’s volume of 490,633 shares.The stock last traded at $46.25 and had previously closed at $45.25.

A number of analysts have recently issued reports on CVLT shares. Summit Redstone reiterated a “buy” rating and issued a $55.00 price objective on shares of CommVault Systems in a report on Tuesday, July 5th. Zacks Investment Research downgraded shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Friday, April 22nd. Mizuho reiterated a “buy” rating and issued a $50.00 price objective (up from $40.00) on shares of CommVault Systems in a report on Wednesday, April 27th. Credit Suisse Group AG reiterated a “hold” rating and issued a $40.00 price objective on shares of CommVault Systems in a report on Thursday, May 5th. Finally, Royal Bank Of Canada lifted their price objective on shares of CommVault Systems from $43.00 to $47.00 and gave the company a “sector perform” rating in a report on Wednesday, May 4th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. CommVault Systems presently has an average rating of “Buy” and a consensus target price of $45.43.

The company has a market capitalization of $2.05 billion and a PE ratio of 15416.67. The company has a 50-day moving average price of $44.83 and a 200-day moving average price of $40.92.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, May 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.11. The firm earned $159.60 million during the quarter, compared to the consensus estimate of $157.09 million. CommVault Systems’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. Equities analysts predict that CommVault Systems Inc. will post $0.92 EPS for the current year.

In related news, CAO Gary Merrill sold 1,037 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $44.23, for a total value of $45,866.51. Following the transaction, the chief accounting officer now directly owns 33,384 shares in the company, valued at approximately $1,476,574.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian Carolan sold 4,000 shares of the stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $43.80, for a total value of $175,200.00. Following the completion of the transaction, the chief financial officer now owns 81,504 shares in the company, valued at $3,569,875.20. The disclosure for this sale can be found here.

Several institutional investors have recently modified their holdings of the company. Liberty Mutual Group Asset Management Inc. boosted its position in shares of CommVault Systems by 51.2% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 27,260 shares of the company’s stock worth $1,074,000 after buying an additional 9,229 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of CommVault Systems by 4.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 29,446 shares of the company’s stock worth $1,159,000 after buying an additional 1,354 shares in the last quarter. American Capital Management Inc. boosted its position in shares of CommVault Systems by 42.9% in the fourth quarter. American Capital Management Inc. now owns 50,000 shares of the company’s stock worth $1,967,000 after buying an additional 15,000 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of CommVault Systems by 27.7% in the fourth quarter. New York State Common Retirement Fund now owns 66,801 shares of the company’s stock worth $2,629,000 after buying an additional 14,471 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in CommVault Systems by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 83,786 shares of the company’s stock worth $3,297,000 after buying an additional 1,277 shares during the last quarter.

CommVault Systems, Inc (CommVault) is a provider of data and information management software applications and related services. The Company develops market and sell data and information management software applications under the Simpana Software brand. 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, including backup and recovery; data migration and archiving; snapshot management and replication of data; integrated source, and target data deduplication; eDiscovery and compliance solutions; self-service access; a secure virtual repository using simpana contentStore; enterprise-wide search capabilities; protection, recovery and discovery of data in virtual server and cloud environments; and robust built-in analytics and troubleshooting tools.

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