Market Runner: What’s in CommVault Systems, Inc. After Making 52-Week High?

Market Runner: What's in CommVault Systems, Inc. After Making 52 Week High?

The stock of CommVault Systems, Inc. (NASDAQ:CVLT) hit a new 52-week high and has $87.27 target or 55.00% above today’s $56.30 share price. The 5 months bullish chart indicates low risk for the $2.57 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $87.27 price target is reached, the company will be worth $1.41B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 88,486 shares traded hands. CommVault Systems, Inc. (NASDAQ:CVLT) has risen 28.53% since April 19, 2016 and is uptrending. It has outperformed by 24.67% the S&P500.

CommVault Systems, Inc. (NASDAQ:CVLT) Ratings Coverage

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. Commvault Systems Inc. has been the topic of 21 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Jefferies maintained CommVault Systems, Inc. (NASDAQ:CVLT) on Wednesday, September 14 with “Buy” rating. Lake Street maintained CommVault Systems, Inc. (NASDAQ:CVLT) on Wednesday, October 26 with “Hold” rating. The stock has “Neutral” rating given by Sterne Agee CRT on Friday, January 15. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, July 29. As per Friday, January 22, the company rating was maintained by Mizuho. Lake Street maintained CommVault Systems, Inc. (NASDAQ:CVLT) on Thursday, January 28 with “Hold” rating. The rating was upgraded by Piper Jaffray to “Overweight” on Monday, October 26. The firm has “Buy” rating given on Tuesday, October 25 by Mizuho. The rating was maintained by Stifel Nicolaus on Thursday, October 6 with “Buy”. On Monday, January 18 the stock rating was downgraded by Sterne Agee CRT to “Neutral”.

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.”

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.
Us Bank & Trust De holds 0% of its portfolio in CommVault Systems, Inc. (NASDAQ:CVLT) for 2,452 shares. Kopp Invest Advsr Ltd Company has invested 0.91% of its portfolio in CommVault Systems, Inc. (NASDAQ:CVLT). Kcg Holding has invested 0.01% of its portfolio in CommVault Systems, Inc. (NASDAQ:CVLT). American Intll Gp last reported 100,591 shares in the company. Clough Prtnrs Ltd Partnership last reported 111,900 shares in the company. Gagnon Securities holds 3.19% or 154,122 shares in its portfolio. The Texas-based Employees Retirement Sys Of Texas has invested 0.06% in CommVault Systems, Inc. (NASDAQ:CVLT). Sg Americas Limited Liability Company last reported 0% of its portfolio in the stock. Legal And General Grp Public Limited Com last reported 0% of its portfolio in the stock. Cim Investment Mangement has 5,358 shares for 0.1% of their US portfolio. Financial Bank Of America De last reported 198,285 shares in the company. Amalgamated National Bank & Trust last reported 4,716 shares in the company. Huntington Natl Bank accumulated 0% or 54 shares. Rhumbline Advisers holds 87,875 shares or 0.01% of its portfolio. State Treasurer State Of Michigan accumulated 0.01% or 16,500 shares.

Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 4 insider sales for $2.81 million net activity. Another trade for 31,727 shares valued at $1.60 million was made by Miiller Ronald L on Monday, August 8. $13,043 worth of CommVault Systems, Inc. (NASDAQ:CVLT) shares were sold by Merrill Gary. 2,200 shares were sold by GEDAY ARMANDO, worth $97,702 on Monday, May 23. On Friday, August 12 WALKER DAVID F sold $79,272 worth of the stock or 1,562 shares.

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: “Commvault and Cisco Launch Easy-to-Buy, Validated and Pre-Optimized Solution …” on July 11, 2016. More interesting news about CommVault Systems, Inc. (NASDAQ:CVLT) was released by: Prnewswire.com and their article: “Commvault CFO, Brian Carolan, Named Best Growth Manager in 2016 CFO of the …” with publication date: October 26, 2016.

CVLT Company Profile

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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