Jefferies Group LLC reissued their buy rating on shares of CommVault Systems, Inc. (NASDAQ:CVLT) in a research note published on Friday morning. They currently have a $67.00 target price on the software maker’s stock.

A number of other brokerages have also weighed in on CVLT. BidaskClub upgraded shares of CommVault Systems from a hold rating to a buy rating in a research report on Saturday, June 10th. Mizuho reiterated a buy rating and set a $62.00 target price on shares of CommVault Systems in a research report on Tuesday, June 20th. TheStreet upgraded shares of CommVault Systems from a c rating to a b rating in a research report on Monday, April 24th. ValuEngine upgraded shares of CommVault Systems from a sell rating to a hold rating in a research report on Friday, June 2nd. Finally, Lake Street Capital upgraded shares of CommVault Systems from a hold rating to a buy rating in a research report on Wednesday, May 3rd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $60.22.

CommVault Systems (NASDAQ CVLT) traded up 2.22% during mid-day trading on Friday, reaching $59.75. 379,828 shares of the company’s stock were exchanged. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 5975.00 and a beta of 1.44. CommVault Systems has a 52-week low of $44.05 and a 52-week high of $60.00. The company has a 50-day moving average of $56.66 and a 200-day moving average of $52.88.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Wednesday, May 3rd. The software maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.27. The firm had revenue of $172.90 million during the quarter, compared to analyst estimates of $166.32 million. CommVault Systems had a net margin of 0.08% and a negative return on equity of 1.04%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. Equities research analysts anticipate that CommVault Systems will post $1.18 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This article was published by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/07/17/commvault-systems-nasdaqcvlt-buy-rating-reaffirmed-at-jefferies-group-llc.html.

In other news, VP Brian Carolan sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $56.35, for a total value of $281,750.00. Following the completion of the transaction, the vice president now directly owns 85,828 shares in the company, valued at $4,836,407.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary Merrill sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $57.51, for a total transaction of $862,650.00. Following the completion of the transaction, the insider now owns 39,312 shares of the company’s stock, valued at $2,260,833.12. The disclosure for this sale can be found here. Insiders sold 173,730 shares of company stock valued at $9,893,788 over the last 90 days. 13.40% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC raised its stake in shares of CommVault Systems by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,352 shares of the software maker’s stock valued at $120,000 after buying an additional 56 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of CommVault Systems by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock valued at $145,000 after buying an additional 68 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of CommVault Systems by 22.6% in the first quarter. LS Investment Advisors LLC now owns 3,455 shares of the software maker’s stock valued at $176,000 after buying an additional 636 shares during the last quarter. OppenheimerFunds Inc. bought a new stake in shares of CommVault Systems during the first quarter valued at about $201,000. Finally, Capstone Asset Management Co. raised its stake in shares of CommVault Systems by 6.0% in the first quarter. Capstone Asset Management Co. now owns 4,263 shares of the software maker’s stock valued at $217,000 after buying an additional 240 shares during the last quarter. Institutional investors own 89.04% of the company’s stock.

About CommVault Systems

Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

Receive News & Ratings for CommVault Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommVault Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.