CommVault Systems, Inc. (NASDAQ:CVLT) had its price target hoisted by Lake Street Capital from $63.00 to $69.00 in a research report sent to investors on Wednesday, MarketBeat reports. The brokerage currently has a buy rating on the software maker’s stock.

Other equities analysts have also issued reports about the stock. BidaskClub upgraded shares of CommVault Systems from a hold rating to a buy rating in a report on Monday, July 24th. Jefferies Group LLC boosted their price objective on shares of CommVault Systems from $67.00 to $75.00 and gave the stock a buy rating in a report on Tuesday, July 25th. Mizuho boosted their price objective on shares of CommVault Systems from $60.00 to $62.00 and gave the stock a buy rating in a report on Thursday, May 4th. Zacks Investment Research upgraded shares of CommVault Systems from a sell rating to a hold rating in a report on Tuesday, March 28th. Finally, Royal Bank Of Canada restated a hold rating and issued a $58.00 price objective on shares of CommVault Systems in a report on Friday, March 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $67.00.

CommVault Systems (NASDAQ CVLT) opened at 60.05 on Wednesday. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 1053.51 and a beta of 1.45. The stock has a 50 day moving average price of $58.07 and a 200 day moving average price of $53.72. CommVault Systems has a 12-month low of $47.61 and a 12-month high of $64.60.

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

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/lake-street-capital-increases-commvault-systems-inc-cvlt-price-target-to-69-00/1462699.html.

In other CommVault Systems news, insider Al Bunte sold 34,607 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $55.60, for a total transaction of $1,924,149.20. Following the completion of the sale, the insider now directly owns 507,171 shares in the company, valued at approximately $28,198,707.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Brian Carolan sold 15,877 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $57.69, for a total transaction of $915,944.13. Following the sale, the vice president now owns 86,328 shares of the company’s stock, valued at $4,980,262.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,730 shares of company stock valued at $10,636,988. Company insiders own 13.40% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. US Bancorp DE increased its stake in shares of CommVault Systems by 47.0% in the second quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock worth $119,000 after buying an additional 672 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in shares of CommVault Systems by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,352 shares of the software maker’s stock worth $120,000 after buying an additional 56 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of CommVault Systems by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock worth $145,000 after buying an additional 68 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of CommVault Systems by 22.6% in the first quarter. LS Investment Advisors LLC now owns 3,455 shares of the software maker’s stock worth $176,000 after buying an additional 636 shares during the last quarter. Finally, OppenheimerFunds Inc. acquired a new stake in shares of CommVault Systems during the first quarter worth about $201,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

CommVault Systems Company Profile

Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

Receive News & Ratings for CommVault Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommVault Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.