Jefferies Group LLC Reaffirms “Buy” Rating for CommVault Systems, Inc. (CVLT)

Jefferies Group LLC reiterated their buy rating on shares of CommVault Systems, Inc. (NASDAQ:CVLT) in a research report report published on Thursday morning. Jefferies Group also issued estimates for CommVault Systems’ Q3 2018 earnings at $0.04 EPS and Q4 2018 earnings at $0.08 EPS.

A number of other brokerages also recently issued reports on CVLT. Lake Street Capital upped their price target on CommVault Systems from $63.00 to $69.00 and gave the stock a buy rating in a research report on Wednesday, July 26th. Stifel Nicolaus reissued a buy rating and set a $75.00 price objective (up from $68.00) on shares of CommVault Systems in a report on Wednesday, July 26th. Royal Bank Of Canada reissued a hold rating on shares of CommVault Systems in a report on Monday, October 9th. Mitsubishi UFJ Financial Group set a $70.00 price objective on shares of CommVault Systems and gave the company a buy rating in a report on Tuesday, July 25th. Finally, KeyCorp reissued a buy rating and set a $70.00 price objective on shares of CommVault Systems in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. CommVault Systems currently has a consensus rating of Hold and a consensus price target of $70.67.

Shares of CommVault Systems (NASDAQ:CVLT) traded down 0.39% during mid-day trading on Thursday, reaching $51.35. The company’s stock had a trading volume of 584,215 shares. The firm has a market cap of $2.34 billion, a PE ratio of 900.88 and a beta of 1.40. The firm’s 50 day moving average is $59.91 and its 200 day moving average is $57.78. CommVault Systems has a one year low of $47.61 and a one year high of $64.60.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The business had revenue of $168.14 million for the quarter, compared to analyst estimates of $170.15 million. CommVault Systems had a negative return on equity of 0.17% and a net margin of 0.28%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. On average, equities analysts anticipate that CommVault Systems will post $1.10 earnings per share for the current fiscal year.

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In other CommVault Systems news, VP Brian Carolan sold 9,174 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $59.80, for a total value of $548,605.20. Following the sale, the vice president now directly owns 74,513 shares of the company’s stock, valued at $4,455,877.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 3,072 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $59.01, for a total transaction of $181,278.72. Following the completion of the sale, the insider now directly owns 23,878 shares in the company, valued at $1,409,040.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,507 shares of company stock worth $3,229,997. 13.40% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in CommVault Systems by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock valued at $107,000 after purchasing an additional 203 shares during the last quarter. US Bancorp DE boosted its holdings in CommVault Systems by 47.0% in the second quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock valued at $119,000 after purchasing an additional 672 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in CommVault Systems by 70.9% in the second quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock valued at $145,000 after purchasing an additional 1,063 shares during the last quarter. Pacad Investment Ltd. boosted its holdings in CommVault Systems by 88.9% in the second quarter. Pacad Investment Ltd. now owns 3,400 shares of the software maker’s stock valued at $192,000 after purchasing an additional 1,600 shares during the last quarter. Finally, OppenheimerFunds Inc. purchased a new stake in CommVault Systems in the first quarter valued at $201,000. 88.37% of the stock is currently owned by institutional investors.

CommVault Systems Company Profile

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