Commvault Systems, Inc. (NASDAQ:CVLT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Commvault Systems, Inc. (NASDAQ:CVLT) have been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $156.44.

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald boosted their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. StockNews.com raised shares of Commvault Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Guggenheim restated a “neutral” rating on shares of Commvault Systems in a report on Wednesday, January 29th. KeyCorp upped their target price on Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, William Blair upgraded Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th.

Commvault Systems Trading Up 0.3 %

Shares of Commvault Systems stock opened at $161.09 on Wednesday. Commvault Systems has a 12 month low of $93.48 and a 12 month high of $190.11. The stock’s fifty day moving average price is $165.38 and its 200-day moving average price is $160.64. The firm has a market cap of $7.09 billion, a P/E ratio of 42.28 and a beta of 0.62.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, insider Gary Merrill sold 3,287 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following the completion of the transaction, the insider now owns 87,316 shares of the company’s stock, valued at approximately $16,322,853.04. This trade represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total value of $2,290,655.28. Following the completion of the transaction, the chief executive officer now owns 427,231 shares of the company’s stock, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Commvault Systems during the 3rd quarter worth approximately $33,000. Crossmark Global Holdings Inc. raised its holdings in shares of Commvault Systems by 17.5% during the third quarter. Crossmark Global Holdings Inc. now owns 3,227 shares of the software maker’s stock worth $497,000 after purchasing an additional 480 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Commvault Systems by 31.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 27,709 shares of the software maker’s stock valued at $4,263,000 after buying an additional 6,598 shares during the last quarter. Versor Investments LP raised its stake in shares of Commvault Systems by 168.3% during the 3rd quarter. Versor Investments LP now owns 5,730 shares of the software maker’s stock valued at $882,000 after buying an additional 3,594 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Commvault Systems during the 3rd quarter valued at about $1,167,000. 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.