CommVault Systems Inc. (NASDAQ:CVLT) reached a new 52-week high during trading on Wednesday . The stock traded as high as $47.47 and last traded at $47.08, with a volume of 201,597 shares. The stock had previously closed at $46.34.

Several equities research analysts have recently commented on CVLT shares. Zacks Investment Research upgraded CommVault Systems from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Monday, April 4th. Jefferies Group restated a “buy” rating on shares of CommVault Systems in a research note on Tuesday, May 3rd. Mizuho restated a “buy” rating and set a $50.00 price target (up previously from $40.00) on shares of CommVault Systems in a research note on Wednesday, April 27th. Summit Redstone restated a “buy” rating and set a $55.00 price target on shares of CommVault Systems in a research note on Tuesday, July 5th. Finally, Credit Suisse Group AG restated a “hold” rating and set a $40.00 price target on shares of CommVault Systems in a research note on Thursday, May 5th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $45.43.

The company’s 50 day moving average price is $44.93 and its 200-day moving average price is $41.00. The company has a market cap of $2.09 billion and a price-to-earnings ratio of 15783.33.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.11. The firm had revenue of $159.60 million for the quarter, compared to analyst estimates of $157.09 million. During the same period in the previous year, the business posted $0.27 EPS. CommVault Systems’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities research analysts expect that CommVault Systems Inc. will post $0.92 EPS for the current year.

In related news, CFO Brian Carolan sold 4,000 shares of CommVault Systems stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $43.80, for a total transaction of $175,200.00. Following the completion of the sale, the chief financial officer now owns 81,504 shares of the company’s stock, valued at $3,569,875.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Armando Geday sold 2,200 shares of CommVault Systems stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $44.41, for a total value of $97,702.00. Following the sale, the director now directly owns 64,751 shares of the company’s stock, valued at approximately $2,875,591.91. The disclosure for this sale can be found here.

A number of hedge funds have recently added to or reduced their stakes in the stock. Rail Splitter Capital Management LLC purchased a new stake in CommVault Systems during the fourth quarter worth about $8,706,000. Liberty Mutual Group Asset Management Inc. boosted its stake in 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 during the last quarter. American Capital Management Inc. boosted its stake in 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 during the last quarter. Fiduciary Management Associates LLC purchased a new stake in CommVault Systems during the fourth quarter worth about $21,811,000. Finally, Rhumbline Advisers boosted its stake in CommVault Systems by 2.8% in the fourth quarter. Rhumbline Advisers now owns 90,504 shares of the company’s stock worth $3,561,000 after buying an additional 2,425 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.