Commvault Systems (NASDAQ:CVLT) Earns Neutral Rating from Analysts at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Commvault Systems (NASDAQ:CVLT) in a research note published on Friday, MarketBeat Ratings reports. The firm issued a neutral rating and a $159.00 price target on the software maker’s stock.

CVLT has been the topic of a number of other reports. Guggenheim lowered Commvault Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, October 15th. StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday. Oppenheimer started coverage on Commvault Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 target price on the stock. Royal Bank of Canada upped their target price on Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. Finally, KeyCorp started coverage on Commvault Systems in a research note on Thursday. They issued an “overweight” rating and a $192.00 target price on the stock. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.56.

Commvault Systems Trading Down 0.3 %

Shares of CVLT stock opened at $161.28 on Friday. Commvault Systems has a twelve month low of $77.56 and a twelve month high of $178.72. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 40.83 and a beta of 0.65. The stock has a fifty day simple moving average of $164.92 and a two-hundred day simple moving average of $152.08.

Commvault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. The firm had revenue of $233.28 million during the quarter, compared to analyst estimates of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. Research analysts predict that Commvault Systems will post 1.66 EPS for the current fiscal year.

Insider Activity at Commvault Systems

In other news, insider Gary Merrill sold 1,523 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $164.89, for a total transaction of $251,127.47. Following the completion of the transaction, the insider now directly owns 93,007 shares in the company, valued at $15,335,924.23. This trade represents a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sanjay Mirchandani sold 10,775 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $165.30, for a total value of $1,781,107.50. Following the transaction, the chief executive officer now owns 459,969 shares of the company’s stock, valued at approximately $76,032,875.70. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,530 shares of company stock valued at $2,244,755. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its holdings in Commvault Systems by 3.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker’s stock valued at $296,000 after purchasing an additional 66 shares during the period. Simon Quick Advisors LLC boosted its holdings in Commvault Systems by 20.7% in the fourth quarter. Simon Quick Advisors LLC now owns 2,445 shares of the software maker’s stock valued at $369,000 after purchasing an additional 419 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in Commvault Systems by 0.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 116,772 shares of the software maker’s stock valued at $17,622,000 after purchasing an additional 300 shares during the period. Diversify Wealth Management LLC boosted its holdings in Commvault Systems by 19.3% in the fourth quarter. Diversify Wealth Management LLC now owns 4,033 shares of the software maker’s stock valued at $621,000 after purchasing an additional 653 shares during the period. Finally, Ellsworth Advisors LLC boosted its holdings in Commvault Systems by 4.8% in the fourth quarter. Ellsworth Advisors LLC now owns 4,454 shares of the software maker’s stock valued at $672,000 after purchasing an additional 202 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Commvault Systems Company Profile

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.