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

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

Several other analysts also recently issued reports on CVLT. Guggenheim cut their price target on CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Oppenheimer dropped their target price on CommVault Systems from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Stephens cut their target price on CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 28th. Royal Bank Of Canada reduced their price target on shares of CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. Finally, Mizuho lowered their price target on shares of CommVault Systems from $180.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.38.

CommVault Systems Price Performance

CVLT opened at $76.08 on Friday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 4.06. The company’s 50-day moving average price is $89.33 and its 200 day moving average price is $126.17. CommVault Systems has a fifty-two week low of $76.06 and a fifty-two week high of $200.68. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 39.22 and a beta of 0.59.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.19. The company had revenue of $313.83 million during the quarter, compared to the consensus estimate of $299.07 million. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.CommVault Systems’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 earnings per share. As a group, sell-side analysts expect that CommVault Systems will post 1.65 earnings per share for the current year.

Insider Activity at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 10,052 shares of CommVault Systems stock in a transaction on 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 of the company’s stock, valued at $26,632,247.61. The trade was a 2.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary Merrill sold 1,892 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $91.28, for a total value of $172,701.76. Following the transaction, the insider owned 62,833 shares of the company’s stock, valued at $5,735,396.24. This trade represents a 2.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 31,355 shares of company stock worth $2,613,165. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On CommVault Systems

Several institutional investors have recently bought and sold shares of CVLT. Tudor Investment Corp ET AL acquired a new position in CommVault Systems during the 3rd quarter valued at about $1,887,800,000. First Trust Advisors LP raised its position in shares of CommVault Systems by 1,335.8% during the 3rd quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker’s stock worth $231,228,000 after buying an additional 1,139,547 shares in the last quarter. M&T Bank Corp lifted its stake in shares of CommVault Systems by 22,133.9% in the 4th quarter. M&T Bank Corp now owns 610,098 shares of the software maker’s stock worth $76,482,000 after acquiring an additional 607,354 shares during the period. Westfield Capital Management Co. LP lifted its stake in shares of CommVault Systems by 135.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 786,175 shares of the software maker’s stock worth $148,414,000 after acquiring an additional 452,422 shares during the period. Finally, TD Asset Management Inc boosted its holdings in shares of CommVault Systems by 14,047.5% in the fourth quarter. TD Asset Management Inc now owns 381,982 shares of the software maker’s stock valued at $47,885,000 after acquiring an additional 379,282 shares in the last quarter. 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.