CommVault Systems, Inc. (NASDAQ:CVLT) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Other equities analysts also recently issued reports about the stock. Jefferies Group LLC increased their target price on shares of CommVault Systems from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Mizuho reissued a “buy” rating and set a $75.00 target price (up from $70.00) on shares of CommVault Systems in a research report on Monday, July 24th. Stifel Nicolaus reissued a “buy” rating and set a $75.00 target price (up from $68.00) on shares of CommVault Systems in a research report on Wednesday, July 26th. TheStreet downgraded shares of CommVault Systems from a “b” rating to a “c” rating in a research report on Monday, June 5th. Finally, ValuEngine raised shares of CommVault Systems from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $67.00.

CommVault Systems (CVLT) opened at 58.95 on Friday. The firm has a market cap of $2.68 billion, a PE ratio of 1034.21 and a beta of 1.45. The firm’s 50 day moving average price is $58.83 and its 200-day moving average price is $54.08. CommVault Systems has a 52 week low of $47.61 and a 52 week high of $64.60.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $165.97 million for the quarter, compared to the consensus estimate of $159.92 million. CommVault Systems had a net margin of 0.35% and a return on equity of 0.30%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. On average, analysts forecast that CommVault Systems will post $1.22 EPS for the current year.

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In other CommVault Systems news, insider Al Bunte sold 30,001 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $60.01, for a total transaction of $1,800,360.01. Following the completion of the sale, the insider now directly owns 474,780 shares in the company, valued at $28,491,547.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary Merrill sold 5,246 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $55.06, for a total transaction of $288,844.76. Following the sale, the insider now owns 20,822 shares of the company’s stock, valued at $1,146,459.32. The disclosure for this sale can be found here. Insiders have sold 69,747 shares of company stock valued at $4,111,755 over the last 90 days. Corporate insiders own 13.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. State Treasurer State of Michigan boosted its stake in CommVault Systems by 2.4% in the first quarter. State Treasurer State of Michigan now owns 17,000 shares of the software maker’s stock worth $864,000 after buying an additional 400 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in CommVault Systems during the first quarter valued at $3,810,000. Great West Life Assurance Co. Can boosted its stake in CommVault Systems by 3.1% in the first quarter. Great West Life Assurance Co. Can now owns 24,814 shares of the software maker’s stock valued at $1,258,000 after buying an additional 739 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in CommVault Systems by 57.0% in the first quarter. Canada Pension Plan Investment Board now owns 321,700 shares of the software maker’s stock valued at $16,342,000 after buying an additional 116,800 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. boosted its stake in CommVault Systems by 2.6% in the first quarter. Adams Diversified Equity Fund Inc. now owns 19,700 shares of the software maker’s stock valued at $1,001,000 after buying an additional 500 shares during the last quarter. Institutional investors own 88.36% of the company’s stock.

About CommVault Systems

Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

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