CommVault Systems, Inc. (NASDAQ:CVLT) had its target price increased by analysts at Jefferies Group LLC from $67.00 to $75.00 in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the software maker’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 18.67% from the company’s current price.

CVLT has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of CommVault Systems from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $58.00 price target on shares of CommVault Systems in a report on Friday, March 31st. BidaskClub upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a report on Monday. Lake Street Capital upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a report on Wednesday, May 3rd. Finally, Mizuho reiterated a “buy” rating and set a $75.00 price target (up previously from $70.00) on shares of CommVault Systems in a report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $62.56.

CommVault Systems (CVLT) traded up 3.52% during trading on Tuesday, reaching $63.20. The company’s stock had a trading volume of 1,154,838 shares. CommVault Systems has a one year low of $47.44 and a one year high of $64.60. The firm has a market cap of $2.84 billion, a PE ratio of 6320.00 and a beta of 1.44. The company has a 50-day moving average of $57.63 and a 200 day moving average of $53.49.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. CommVault Systems had a net margin of 0.08% and a negative return on equity of 1.04%. The firm had revenue of $165.97 million for the quarter, compared to analysts’ expectations of $159.92 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts expect that CommVault Systems will post $1.19 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.dailypolitical.com/2017/07/25/commvault-systems-inc-nasdaqcvlt-given-new-75-00-price-target-at-jefferies-group-llc.html.

In related news, insider Al Bunte sold 34,607 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $55.60, for a total value of $1,924,149.20. Following the sale, the insider now owns 507,171 shares in the company, valued at $28,198,707.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brian Carolan sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $56.35, for a total transaction of $281,750.00. Following the completion of the sale, the vice president now owns 85,828 shares in the company, valued at approximately $4,836,407.80. The disclosure for this sale can be found here. Insiders sold 177,730 shares of company stock worth $10,133,388 in the last 90 days. 13.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of CommVault Systems by 3.2% in the fourth quarter. Teachers Advisors LLC now owns 354,829 shares of the software maker’s stock valued at $18,238,000 after buying an additional 11,090 shares in the last quarter. Highbridge Capital Management LLC boosted its stake in shares of CommVault Systems by 23.6% in the fourth quarter. Highbridge Capital Management LLC now owns 29,734 shares of the software maker’s stock valued at $1,529,000 after buying an additional 5,674 shares in the last quarter. Bank of Nova Scotia bought a new stake in shares of CommVault Systems during the first quarter valued at about $5,080,000. Swiss National Bank boosted its stake in shares of CommVault Systems by 2.3% in the first quarter. Swiss National Bank now owns 70,900 shares of the software maker’s stock valued at $3,602,000 after buying an additional 1,600 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of CommVault Systems during the first quarter valued at about $5,366,000. Institutional investors own 89.25% 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.