Shares of CommVault Systems Inc. (NASDAQ:CVLT) were down 1.8% during mid-day trading on Monday . The stock traded as low as $50.23 and last traded at $50.27, with a volume of 120,736 shares traded. The stock had previously closed at $51.20.

Several analysts have issued reports on CVLT shares. Summit Redstone reaffirmed a “buy” rating and set a $55.00 price target on shares of CommVault Systems in a research report on Tuesday, July 5th. Zacks Investment Research raised shares of CommVault Systems from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Monday, April 25th. Pacific Crest upped their price target on shares of CommVault Systems from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 27th. Royal Bank Of Canada upped their price target on shares of CommVault Systems from $47.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 27th. Finally, Stifel Nicolaus upped their price target on shares of CommVault Systems from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, July 26th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $49.13.

The stock’s market cap is $2.25 billion. The stock has a 50 day moving average price of $46.56 and a 200 day moving average price of $42.53.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. The firm had revenue of $152.40 million for the quarter, compared to analysts’ expectations of $149.15 million. During the same period in the prior year, the firm earned $0.12 earnings per share. CommVault Systems’s revenue was up 9.6% compared to the same quarter last year. Analysts predict that CommVault Systems Inc. will post $0.97 EPS for the current fiscal year.

In other news, Director Armando Geday sold 2,200 shares of CommVault Systems stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $44.41, for a total transaction of $97,702.00. Following the sale, the director now directly owns 64,751 shares in the company, valued at approximately $2,875,591.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Gary Merrill sold 1,037 shares of CommVault Systems 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 sale, the chief accounting officer now owns 33,384 shares in the company, valued at $1,476,574.32. The disclosure for this sale can be found here.

Several large investors have added to or reduced their stakes in the company. Rail Splitter Capital Management LLC acquired a new stake in CommVault Systems during the fourth quarter worth approximately $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. Fiduciary Management Associates LLC acquired a new stake in CommVault Systems during the fourth quarter worth approximately $21,811,000. RS Investment Management Co. LLC boosted its stake in CommVault Systems by 2.6% in the fourth quarter. RS Investment Management Co. LLC now owns 3,909,138 shares of the company’s stock worth $153,825,000 after buying an additional 97,467 shares during the last quarter. Finally, Broadview Advisors LLC boosted its stake in CommVault Systems by 1.9% in the fourth quarter. Broadview Advisors LLC now owns 307,025 shares of the company’s stock worth $12,081,000 after buying an additional 5,850 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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