CommVault Systems Inc. (NASDAQ:CVLT) shares hit a new 52-week high on Friday . The company traded as high as $52.50 and last traded at $52.24, with a volume of 163,768 shares changing hands. The stock had previously closed at $52.06.

A number of research analysts have recently weighed in on CVLT shares. Jefferies Group restated a “buy” rating on shares of CommVault Systems in a research report on Tuesday, May 3rd. Royal Bank Of Canada raised their price objective on CommVault Systems from $43.00 to $47.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 4th. Mizuho raised their price objective on CommVault Systems from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, July 26th. Credit Suisse Group AG restated a “hold” rating and set a $40.00 price objective on shares of CommVault Systems in a research report on Thursday, May 5th. Finally, Zacks Investment Research upgraded CommVault Systems from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Monday, April 25th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.13.

The stock has a 50 day moving average of $48.48 and a 200 day moving average of $43.49. The stock’s market capitalization is $2.32 billion.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm earned $152.40 million during the quarter, compared to analyst estimates of $149.15 million. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company posted $0.12 EPS. On average, analysts forecast that CommVault Systems Inc. will post $0.97 EPS for the current year.

In other CommVault Systems news, SVP Ronald L. Miiller sold 31,727 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $50.44, for a total value of $1,600,309.88. Following the completion of the transaction, the senior vice president now owns 156,649 shares in the company, valued at $7,901,375.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Gary Merrill sold 1,037 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $44.23, for a total transaction of $45,866.51. Following the completion of the transaction, the chief accounting officer now owns 33,384 shares of the company’s stock, valued at approximately $1,476,574.32. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently modified their holdings of the company. Mutual of America Capital Management LLC increased 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 during the period. New York State Common Retirement Fund increased 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 during the period. Matarin Capital Management LLC purchased a new position in shares of CommVault Systems during the fourth quarter worth $5,074,000. Finally, Rail Splitter Capital Management LLC purchased a new position in shares of CommVault Systems during the fourth quarter worth $8,706,000.

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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