CommVault Systems, Inc. (NASDAQ:CVLT) shares reached a new 52-week high and low on Tuesday . The stock traded as low as $71.65 and last traded at $71.15, with a volume of 4052 shares traded. The stock had previously closed at $70.25.

Several research firms have recently weighed in on CVLT. BidaskClub cut CommVault Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 8th. Wells Fargo & Co upped their price objective on CommVault Systems from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, June 7th. Jefferies Financial Group upped their price objective on CommVault Systems to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 1st. Mizuho reaffirmed a “buy” rating and set a $75.00 price objective on shares of CommVault Systems in a research report on Monday, April 30th. Finally, BTIG Research upped their price objective on CommVault Systems from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, April 26th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $75.10.

The stock has a market cap of $3.17 billion, a P/E ratio of -121.69, a P/E/G ratio of 15.06 and a beta of 1.15.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, May 1st. The software maker reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). CommVault Systems had a negative net margin of 8.85% and a negative return on equity of 0.12%. The company had revenue of $184.90 million for the quarter, compared to analyst estimates of $187.01 million. During the same period last year, the company posted $0.29 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. equities analysts predict that CommVault Systems, Inc. will post 0.34 EPS for the current fiscal year.

In related news, VP Brian Carolan sold 9,106 shares of the stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $65.10, for a total transaction of $592,800.60. Following the completion of the transaction, the vice president now directly owns 86,570 shares of the company’s stock, valued at $5,635,707. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Al Bunte sold 135,000 shares of the stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $65.51, for a total value of $8,843,850.00. Following the transaction, the insider now directly owns 561,599 shares of the company’s stock, valued at $36,790,350.49. The disclosure for this sale can be found here. Insiders have sold 188,353 shares of company stock valued at $12,498,524 over the last three months. Insiders own 13.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its stake in CommVault Systems by 17.8% in the fourth quarter. Sterling Capital Management LLC now owns 41,405 shares of the software maker’s stock valued at $2,174,000 after buying an additional 6,258 shares during the period. Public Employees Retirement Association of Colorado raised its stake in CommVault Systems by 28.4% in the first quarter. Public Employees Retirement Association of Colorado now owns 167,415 shares of the software maker’s stock valued at $9,576,000 after buying an additional 37,042 shares during the period. BlackRock Inc. raised its stake in CommVault Systems by 2.2% in the fourth quarter. BlackRock Inc. now owns 4,424,276 shares of the software maker’s stock valued at $232,274,000 after buying an additional 96,629 shares during the period. Virtu Financial LLC bought a new stake in CommVault Systems in the fourth quarter valued at approximately $260,000. Finally, Segall Bryant & Hamill LLC raised its stake in CommVault Systems by 4.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 70,375 shares of the software maker’s stock valued at $3,695,000 after buying an additional 2,802 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

About CommVault Systems

Commvault Systems, Inc provides data and information management software applications and related services in the United States and internationally. The company's software suite contains solutions that are built on a single unified code base and platform to protect, manage, and access data and information.

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