CommVault Systems (NASDAQ:CVLT) Upgraded by Zacks Research to Hold Rating

CommVault Systems (NASDAQ:CVLT) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Stephens assumed coverage on shares of CommVault Systems in a report on Tuesday. They issued an “overweight” rating and a $162.00 price target for the company. Guggenheim reissued a “buy” rating and set a $220.00 price objective on shares of CommVault Systems in a report on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a report on Wednesday, October 8th. Wall Street Zen cut CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Robert W. Baird initiated coverage on CommVault Systems in a report on Monday, October 27th. They issued an “outperform” rating and a $215.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.92.

CommVault Systems Stock Down 0.6%

Shares of NASDAQ:CVLT opened at $126.79 on Monday. The business’s 50 day moving average is $129.85 and its 200 day moving average is $161.80. The stock has a market cap of $5.59 billion, a P/E ratio of 71.23 and a beta of 0.60. CommVault Systems has a 52-week low of $114.46 and a 52-week high of $200.68. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 4.18.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.04). CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The firm had revenue of $276.19 million during the quarter, compared to analysts’ expectations of $273.31 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. CommVault Systems’s quarterly revenue was up 18.4% compared to the same quarter last year. Sell-side analysts predict that CommVault Systems will post 1.65 EPS for the current year.

Insider Activity

In related news, CFO Jennifer Leigh Dirico sold 830 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total transaction of $102,571.40. Following the transaction, the chief financial officer directly owned 44,313 shares of the company’s stock, valued at $5,476,200.54. This represents a 1.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Gary Merrill sold 1,845 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $122.40, for a total transaction of $225,828.00. Following the transaction, the insider owned 67,318 shares in the company, valued at approximately $8,239,723.20. This trade represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 33,111 shares of company stock worth $4,058,851. Insiders own 1.00% of the company’s stock.

Institutional Trading of CommVault Systems

Several large investors have recently bought and sold shares of CVLT. State of Wyoming acquired a new position in CommVault Systems during the 2nd quarter valued at approximately $35,000. Banque Cantonale Vaudoise acquired a new position in shares of CommVault Systems in the 3rd quarter valued at $39,000. Cullen Frost Bankers Inc. increased its position in shares of CommVault Systems by 43.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after acquiring an additional 74 shares during the period. Assetmark Inc. raised its stake in CommVault Systems by 2,950.0% in the 3rd quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock worth $46,000 after acquiring an additional 236 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in CommVault Systems by 188.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $47,000 after acquiring an additional 177 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

CommVault Systems Company Profile

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.