51job reaffirmed their maintains rating on shares of Commvault Systems (NASDAQ:CVLT – Get Rating) in a research report sent to investors on Wednesday morning, Benzinga reports.

A number of other analysts have also weighed in on the stock. Piper Sandler raised their price objective on shares of Commvault Systems from $60.00 to $65.00 in a research note on Wednesday. Guggenheim began coverage on shares of Commvault Systems in a research note on Thursday, January 26th. They set a buy rating and a $86.00 price objective for the company. Finally, StockNews.com began coverage on shares of Commvault Systems in a research note on Thursday, March 16th. They set a strong-buy rating for the company. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $71.20.

Commvault Systems Price Performance

NASDAQ:CVLT opened at $61.24 on Wednesday. The firm's 50-day moving average price is $57.81 and its 200-day moving average price is $60.97. The company has a market capitalization of $2.73 billion, a PE ratio of 180.12, a P/E/G ratio of 6.61 and a beta of 0.60. Commvault Systems has a 1-year low of $50.26 and a 1-year high of $69.16.

Commvault Systems (NASDAQ:CVLT – Get Rating) last released its earnings results on Tuesday, January 31st. The software maker reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.05). The business had revenue of $195.07 million during the quarter, compared to analysts' expectations of $199.73 million. Commvault Systems had a return on equity of 13.24% and a net margin of 2.00%. Equities analysts anticipate that Commvault Systems will post 0.8 EPS for the current fiscal year.

Insider Activity

In other news, Director Allison Pickens sold 500 shares of the firm's stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $63.80, for a total transaction of $31,900.00. Following the sale, the director now owns 8,029 shares of the company's stock, valued at approximately $512,250.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Sanjay Mirchandani sold 22,310 shares of the firm's stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $58.92, for a total value of $1,314,505.20. Following the transaction, the chief executive officer now owns 417,826 shares of the company's stock, valued at $24,618,307.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Allison Pickens sold 500 shares of the firm's stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $63.80, for a total transaction of $31,900.00. Following the sale, the director now owns 8,029 shares in the company, valued at approximately $512,250.20. The disclosure for this sale can be found here. Insiders have sold a total of 58,873 shares of company stock valued at $3,448,152 in the last 90 days. 0.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Commvault Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. AlphaCrest Capital Management LLC raised its position in shares of Commvault Systems by 11.8% during the third quarter. AlphaCrest Capital Management LLC now owns 39,414 shares of the software maker's stock valued at $2,091,000 after buying an additional 4,165 shares during the last quarter. Parallel Advisors LLC increased its position in Commvault Systems by 81.1% in the fourth quarter. Parallel Advisors LLC now owns 1,552 shares of the software maker's stock worth $98,000 after purchasing an additional 695 shares during the last quarter. Guggenheim Capital LLC increased its position in Commvault Systems by 7.8% in the third quarter. Guggenheim Capital LLC now owns 7,104 shares of the software maker's stock worth $377,000 after purchasing an additional 512 shares during the last quarter. SG Americas Securities LLC increased its position in Commvault Systems by 75.8% in the fourth quarter. SG Americas Securities LLC now owns 14,202 shares of the software maker's stock worth $892,000 after purchasing an additional 6,124 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in Commvault Systems in the third quarter worth $631,000. Institutional investors own 88.30% of the company's stock.

Commvault Systems Company Profile

(Get Rating)

Commvault Systems, Inc engages in the provision of data protection and information management software applications and related services. Its products include Data Protection and insights, Storage, and Metallic BaaS. The firm also offers professional, managed, support, and training services. The company was founded in 1996 and is headquartered in Tinton Falls, NJ.

Further Reading

• Get a free copy of the StockNews.com research report on Commvault Systems (CVLT)
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