CommVault Systems (NASDAQ:CVLT) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of CommVault Systems (NASDAQ:CVLT) from a buy rating to a hold rating in a report issued on Saturday.

A number of other research firms have also recently weighed in on CVLT. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, January 21st. Zacks Research cut CommVault Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Loop Capital started coverage on CommVault Systems in a research note on Tuesday, March 24th. They issued a “buy” rating and a $125.00 price target on the stock. Guggenheim cut their price target on CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Mizuho cut their target price on CommVault Systems from $180.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $135.00.

CommVault Systems Stock Up 1.8%

CommVault Systems stock opened at $103.90 on Friday. CommVault Systems has a 1-year low of $71.75 and a 1-year high of $200.68. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 2.34. The stock has a market cap of $4.29 billion, a PE ratio of 65.35 and a beta of 0.77. The stock’s fifty day moving average is $88.36 and its two-hundred day moving average is $105.72.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The company had revenue of $311.69 million for the quarter, compared to analysts’ expectations of $306.71 million. During the same period last year, the firm earned $1.03 earnings per share. CommVault Systems’s quarterly revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts expect that CommVault Systems will post 2.86 EPS for the current fiscal year.

Insider Transactions at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 10,052 shares of CommVault Systems stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $80.09, for a total transaction of $805,064.68. Following the sale, the chief executive officer owned 332,529 shares in the company, valued at approximately $26,632,247.61. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary Merrill sold 1,892 shares of CommVault Systems stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $91.28, for a total value of $172,701.76. Following the sale, the insider owned 62,833 shares in the company, valued at $5,735,396.24. This trade represents a 2.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,355 shares of company stock worth $2,613,165 in the last quarter. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On CommVault Systems

Several institutional investors have recently added to or reduced their stakes in CVLT. State of Wyoming acquired a new position in CommVault Systems in the 2nd quarter valued at about $35,000. FNY Investment Advisers LLC acquired a new position in CommVault Systems in the 4th quarter valued at about $36,000. Banque Cantonale Vaudoise acquired a new position in CommVault Systems in the 3rd quarter valued at about $39,000. Assetmark Inc. increased its position in CommVault Systems by 33.6% in the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after acquiring an additional 82 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in CommVault Systems by 43.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after acquiring an additional 74 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

CommVault Systems Company Profile

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.