BidaskClub upgraded shares of CommVault Systems (NASDAQ:CVLT) from a strong sell rating to a sell rating in a research note published on Thursday, January 4th.

A number of other equities research analysts also recently weighed in on CVLT. Jefferies Group reiterated a buy rating on shares of CommVault Systems in a research note on Thursday, October 26th. Wells Fargo & Co started coverage on shares of CommVault Systems in a research note on Tuesday, November 14th. They issued an outperform rating and a $64.00 target price on the stock. Royal Bank of Canada restated a hold rating on shares of CommVault Systems in a research note on Monday, October 9th. Mitsubishi UFJ Financial Group downgraded shares of CommVault Systems from an overweight rating to a neutral rating in a research note on Wednesday, October 25th. Finally, UBS Group downgraded shares of CommVault Systems from an overweight rating to a neutral rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. CommVault Systems has a consensus rating of Hold and a consensus price target of $69.78.

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CommVault Systems (CVLT) opened at $54.70 on Thursday. CommVault Systems has a 52-week low of $47.61 and a 52-week high of $64.60.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Wednesday, January 24th. The software maker reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). CommVault Systems had a negative net margin of 8.30% and a positive return on equity of 0.32%. The firm had revenue of $180.37 million during the quarter, compared to the consensus estimate of $182.01 million. During the same period in the prior year, the business earned $0.28 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. equities analysts expect that CommVault Systems will post 0.04 earnings per share for the current year.

CommVault Systems declared that its board has authorized a share repurchase program on Wednesday, January 24th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the software maker to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

A number of large investors have recently added to or reduced their stakes in CVLT. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CommVault Systems by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock worth $107,000 after acquiring an additional 203 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in shares of CommVault Systems by 70.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock valued at $145,000 after buying an additional 1,063 shares during the last quarter. Pacad Investment Ltd. boosted its holdings in shares of CommVault Systems by 88.9% in the 2nd quarter. Pacad Investment Ltd. now owns 3,400 shares of the software maker’s stock valued at $192,000 after buying an additional 1,600 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of CommVault Systems in the 3rd quarter valued at approximately $201,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of CommVault Systems in the 3rd quarter valued at approximately $215,000. 88.13% of the stock is owned by hedge funds and other institutional investors.

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CommVault Systems Company Profile

Commvault Systems, Inc (Commvault) is a provider of data and information management software applications and related services. The Company develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its customers with data protection solutions supporting all operating systems, applications, and databases on virtual and physical servers, Network Attached Storage (NAS) shares, cloud-based infrastructures, and mobile devices; management through a single console; multiple protection methods, including backup and archive, snapshot management, replication, and content indexing for eDiscovery; storage management using deduplication for disk, tape and cloud; integration with the storage arrays; complete virtual infrastructure management supporting multiple hypervisors; security capabilities to limit access to critical data, and policy-based data management.

Analyst Recommendations for CommVault Systems (NASDAQ:CVLT)

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