CommVault Systems Inc. (NASDAQ:CVLT) had its price objective boosted by equities researchers at KeyCorp from $53.00 to $58.00 in a research report issued on Thursday, StockTargetPrices.com reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 5.38% from the company’s current price.
Several other analysts have also commented on CVLT. Summit Redstone reaffirmed a “buy” rating and issued a $55.00 price objective on shares of CommVault Systems in a report on Tuesday, July 5th. Zacks Investment Research lowered CommVault Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 5th. Mizuho lifted their price objective on CommVault Systems from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, July 26th. Stifel Nicolaus lifted their price objective on CommVault Systems from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, July 26th. Finally, Royal Bank Of Canada lifted their price objective on CommVault Systems from $47.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 27th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $50.73.
Shares of CommVault Systems (NASDAQ:CVLT) traded up 1.02% during trading on Thursday, reaching $55.60. The company’s stock had a trading volume of 196,094 shares. CommVault Systems has a 12-month low of $29.41 and a 12-month high of $55.61. The company has a 50 day moving average of $52.50 and a 200 day moving average of $46.96. The company’s market cap is $2.47 billion.
CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, July 26th. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. The business earned $152.40 million during the quarter, compared to analyst estimates of $149.15 million. CommVault Systems had a negative return on equity of 1.33% and a negative net margin of 0.10%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. On average, analysts anticipate that CommVault Systems will post $0.96 EPS for the current fiscal year.
In other news, SVP Ronald L. Miiller sold 31,727 shares of CommVault Systems stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $50.44, for a total value of $1,600,309.88. Following the sale, the senior vice president now directly owns 156,649 shares of the company’s stock, valued at $7,901,375.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.60% of the stock is owned by insiders.
Several large investors have recently modified their holdings of CVLT. LS Investment Advisors LLC boosted its stake in shares of CommVault Systems by 67.5% in the second quarter. LS Investment Advisors LLC now owns 2,493 shares of the company’s stock valued at $108,000 after buying an additional 1,005 shares during the period. Cantab Capital Partners LLP purchased a new stake in shares of CommVault Systems during the second quarter valued at about $159,000. Calamos Advisors LLC purchased a new stake in shares of CommVault Systems during the second quarter valued at about $206,000. Trexquant Investment LP purchased a new stake in shares of CommVault Systems during the second quarter valued at about $259,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of CommVault Systems by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,047 shares of the company’s stock valued at $261,000 after buying an additional 731 shares during the period. 91.50% of the stock is currently owned by hedge funds and other institutional investors.
CommVault Systems Company Profile
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