November 29, 2016 - By Ruchi Gupta
A legal report filed with the SEC on November 29, 2016 disclosed that Gary Merrill, the Chief Accounting Officer of Commvault Systems Inc, ‘s company sold 3,525 shares. With average share price of $55.4 the transaction’s worth is $195,285 U.S Dollars. Gary Merrill today has 29,930 shares or 0.07% of Commvault Systems Inc’s market cap.
Out of 11 analysts covering Commvault Systems Inc. (NASDAQ:CVLT), 7 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 64% are positive. $68 is the highest target while $36 is the lowest. The $55.67 average target is 1.79% above today’s ($54.69) stock price. Commvault Systems Inc. has been the topic of 21 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Wednesday, October 26 by Lake Street. RBC Capital Markets maintained CommVault Systems, Inc. (NASDAQ:CVLT) on Wednesday, July 29 with “Sector Perform” rating. The firm has “Buy” rating by Jefferies given on Wednesday, July 27. Jefferies maintained it with “Buy” rating and $64 target price in Wednesday, September 14 report. RBC Capital Markets maintained it with “Sector Perform” rating and $58 target price in Wednesday, October 26 report. The stock of CommVault Systems, Inc. (NASDAQ:CVLT) has “Overweight” rating given on Thursday, October 6 by KeyBanc Capital Markets. The stock of CommVault Systems, Inc. (NASDAQ:CVLT) earned “Overweight” rating by Mitsubishi UFJ on Wednesday, January 13. The stock of CommVault Systems, Inc. (NASDAQ:CVLT) earned “Buy” rating by Mizuho on Friday, September 9. Lake Street maintained the stock with “Hold” rating in Thursday, January 28 report. Stifel Nicolaus maintained CommVault Systems, Inc. (NASDAQ:CVLT) on Thursday, October 6 with “Buy” rating.
Insitutional Activity: The institutional sentiment increased to 1.43 in Q2 2016. Its up 0.32, from 1.11 in 2016Q1. The ratio increased, as 19 funds sold all CommVault Systems, Inc. shares owned while 64 reduced positions. 31 funds bought stakes while 61 increased positions. They now own 39.98 million shares or 5.08% less from 42.12 million shares in 2016Q1.
Clough Capital Partners Lp reported 111,900 shares or 0.26% of all its holdings. Wells Fargo And Mn has 0.01% invested in the company for 339,163 shares. Sg Americas Secs Limited Company has 10,757 shares for 0% of their US portfolio. Hbk Invests Lp last reported 26,100 shares in the company. Invesco holds 1.14 million shares or 0.02% of its portfolio. Kanaly accumulated 87 shares or 0% of the stock. Lmr Llp accumulated 0.04% or 6,237 shares. Rhumbline Advisers holds 0.01% or 87,875 shares in its portfolio. Legal And General Public Ltd Co has 10,982 shares for 0% of their US portfolio. Westfield Capital Mngmt Co Lp reported 455,547 shares or 0.16% of all its holdings. Principal Fincl has 156,413 shares for 0.01% of their US portfolio. Picton Mahoney Asset Mngmt has invested 0.72% of its portfolio in CommVault Systems, Inc. (NASDAQ:CVLT). Geode Capital Mgmt Limited Liability Company reported 304,943 shares or 0.01% of all its holdings. Blackrock Gru Ltd last reported 0% of its portfolio in the stock. Retirement Sys Of Alabama has invested 0.12% of its portfolio in CommVault Systems, Inc. (NASDAQ:CVLT).
Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 4 insider sales for $2.81 million net activity. Miiller Ronald L also sold $1.12 million worth of CommVault Systems, Inc. (NASDAQ:CVLT) on Monday, November 7. 255 CommVault Systems, Inc. (NASDAQ:CVLT) shares with value of $13,043 were sold by Merrill Gary. WALKER DAVID F had sold 1,562 shares worth $79,272 on Friday, August 12.
About 208,697 shares traded hands. CommVault Systems, Inc. (NASDAQ:CVLT) has risen 22.10% since April 26, 2016 and is uptrending. It has outperformed by 16.84% the S&P500.
CommVault Systems, Inc. is a well-known provider of data and information management software applications and related services. The company has a market cap of $2.42 billion.
According to Zacks Investment Research, “CommVault provides Unified Data Management solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. The CommVault QiNetix platform, based on CommVault’s Common Technology Engine, integrates Galaxy backup and recovery, snapshot management and recovery, remote replication, active data migration and archiving, e-mail compliance, enterprise service level management and reporting and storage resource management software solutions. The QiNetix unified approach is designed to allow customers to add integrate QiNetix components, at a fraction of the time, effort and money required by separate point products.”
Analysts await CommVault Systems, Inc. (NASDAQ:CVLT) to report earnings on January, 25. They expect $0.02 earnings per share, down 80.00% or $0.08 from last year’s $0.1 per share. CVLT’s profit will be $884,988 for 683.63 P/E if the $0.02 EPS becomes a reality. After $-0.01 actual earnings per share reported by CommVault Systems, Inc. for the previous quarter, Wall Street now forecasts -300.00% EPS growth.
More important recent CommVault Systems, Inc. (NASDAQ:CVLT) news were published by: Prnewswire.com which released: “Ryan & Maniskas, LLP Announces Investigation of Commvault Systems, Inc.” on November 10, 2016, also Prnewswire.com published article titled: “Commvault Introduces New Innovations for the Commvault Data Platform in ..”, Prnewswire.com published: “Strong Public Sector Customer Momentum Delivers Continued Growth for Commvault ..” on July 26, 2016. More interesting news about CommVault Systems, Inc. (NASDAQ:CVLT) was released by: Businesswire.com and their article: “SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of ..” with publication date: November 12, 2016.
CommVault Systems, Inc. (CommVault), incorporated on April 19, 1996, is a well-known provider of data and information management software applications and related services. The Firm develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its clients with data protection solutions supporting all operating systems, applications, and databases on virtual and physical servers, Network Attached Storage (NAS) shares, cloud 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; policy data management, and an end user experience that allows them to protect, find and recover their own data using common tools, such as Web browsers, Microsoft Outlook and File Explorer. The Firm also provides its clients with a range of professional and customer support services.
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By Ruchi Gupta