CommVault Systems (CVLT) Rating Increased to Hold at BidaskClub

CommVault Systems (NASDAQ:CVLT) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

CVLT has been the topic of a number of other research reports. ValuEngine upgraded CommVault Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Zacks Investment Research downgraded CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, JMP Securities downgraded CommVault Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 30th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. CommVault Systems has an average rating of “Buy” and a consensus price target of $76.57.

NASDAQ:CVLT opened at $58.94 on Friday. CommVault Systems has a 52 week low of $48.35 and a 52 week high of $72.65. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 256.26, a price-to-earnings-growth ratio of 6.57 and a beta of 1.40.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, October 30th. The software maker reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.03. CommVault Systems had a positive return on equity of 2.96% and a negative net margin of 9.61%. The company had revenue of $169.08 million for the quarter, compared to the consensus estimate of $179.08 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts expect that CommVault Systems will post 0.57 EPS for the current fiscal year.

In other news, Director Vivie Lee sold 860 shares of CommVault Systems stock in a transaction on Friday, September 14th. The stock was sold at an average price of $69.75, for a total value of $59,985.00. Following the completion of the sale, the director now directly owns 4,364 shares of the company’s stock, valued at $304,389. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 13.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Colony Group LLC acquired a new stake in shares of CommVault Systems in the second quarter valued at $2,269,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in CommVault Systems during the 2nd quarter worth $752,000. SG Americas Securities LLC grew its stake in CommVault Systems by 29.7% during the 2nd quarter. SG Americas Securities LLC now owns 8,081 shares of the software maker’s stock worth $532,000 after purchasing an additional 1,849 shares in the last quarter. Verition Fund Management LLC acquired a new position in CommVault Systems during the 2nd quarter worth $255,000. Finally, Chartwell Investment Partners LLC acquired a new position in CommVault Systems during the 2nd quarter worth $14,180,000. 90.92% of the stock is owned by institutional investors and hedge funds.

CommVault Systems Company Profile

Commvault Systems, Inc provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.

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Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

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