CommVault Systems (CVLT) Received “Outperform” By Wells Fargo with $64 Target; Shorts at Macatawa Bank (MCBC) Raised By 2.95%

November 15, 2017 - By reb123z

Among 12 analysts covering Commvault Systems Inc. (NASDAQ:CVLT), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Commvault Systems Inc. has $7500 highest and $36 lowest target. $63.08’s average target is 17.25% above currents $53.8 stock price. Commvault Systems Inc. had 39 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Mizuho with “Buy” on Wednesday, July 29. The firm has “Hold” rating given on Sunday, October 8 by RBC Capital Markets. Mizuho maintained CommVault Systems, Inc. (NASDAQ:CVLT) rating on Sunday, July 16. Mizuho has “Buy” rating and $7000 target. The firm has “Overweight” rating given on Wednesday, January 13 by Mitsubishi UFJ. The stock of CommVault Systems, Inc. (NASDAQ:CVLT) has “Buy” rating given on Tuesday, October 10 by Piper Jaffray. The stock of CommVault Systems, Inc. (NASDAQ:CVLT) has “Sector Perform” rating given on Wednesday, July 29 by RBC Capital Markets. The stock has “Neutral” rating by Mitsubishi UFJ on Wednesday, October 25. The firm has “Hold” rating given on Tuesday, October 24 by RBC Capital Markets. Sterne Agee CRT downgraded the stock to “Neutral” rating in Friday, January 15 report. The stock of CommVault Systems, Inc. (NASDAQ:CVLT) earned “Buy” rating by Jefferies on Wednesday, July 27.

Macatawa Bank Corporation (NASDAQ:MCBC) had an increase of 2.95% in short interest. MCBC’s SI was 359,200 shares in November as released by FINRA. Its up 2.95% from 348,900 shares previously. With 30,700 avg volume, 12 days are for Macatawa Bank Corporation (NASDAQ:MCBC)’s short sellers to cover MCBC’s short positions. The SI to Macatawa Bank Corporation’s float is 1.4%. It closed at $9.83 lastly. It is down 31.76% since November 15, 2016 and is uptrending. It has outperformed by 15.06% the S&P500.




Investors sentiment increased to 1.93 in Q2 2017. Its up 0.82, from 1.11 in 2017Q1. It increased, as 2 investors sold Macatawa Bank Corporation shares while 13 reduced holdings. 8 funds opened positions while 21 raised stakes. 8.40 million shares or 0.47% less from 8.44 million shares in 2017Q1 were reported. New York State Common Retirement Fund owns 24,100 shares for 0% of their portfolio. American has invested 0% in Macatawa Bank Corporation (NASDAQ:MCBC). Barclays Public Lc invested 0% of its portfolio in Macatawa Bank Corporation (NASDAQ:MCBC). Legal & General Gru Public Ltd Com holds 0% or 7,996 shares. Moreover, Raymond James has 0% invested in Macatawa Bank Corporation (NASDAQ:MCBC) for 18,610 shares. Parametric Associates Ltd Co reported 17,311 shares. Elizabeth Park Capital Advisors Ltd owns 252,690 shares for 0.95% of their portfolio. Dimensional Fund Advsrs L P invested 0.01% in Macatawa Bank Corporation (NASDAQ:MCBC). Panagora Asset Management holds 189,154 shares. Northern has 290,709 shares for 0% of their portfolio. Huntington Commercial Bank has 5,000 shares. First Quadrant Lp Ca reported 13,255 shares. Vanguard Group has 0% invested in Macatawa Bank Corporation (NASDAQ:MCBC). Deutsche Financial Bank Ag stated it has 118,541 shares or 0% of all its holdings. Arcadia Invest Mngmt Mi accumulated 2,000 shares.

Macatawa Bank Corporation is a bank holding company. The company has market cap of $333.64 million. The Company, through its subsidiary, Macatawa Bank , offers a range of commercial and personal banking services, including checking, savings and certificates of deposit accounts, cash management, safe deposit boxes, trust services and commercial, mortgage and consumer loans. It has a 18.34 P/E ratio. The Bank is a Michigan chartered bank with depository accounts insured by the Federal Deposit Insurance Corporation.

Investors sentiment increased to 1.33 in 2017 Q2. Its up 0.46, from 0.87 in 2017Q1. It is positive, as 20 investors sold CommVault Systems, Inc. shares while 60 reduced holdings. 35 funds opened positions while 71 raised stakes. 39.98 million shares or 0.99% more from 39.59 million shares in 2017Q1 were reported. Convergence Inv Partners Ltd Liability Corporation accumulated 0.29% or 34,969 shares. Principal Finance Inc, a Iowa-based fund reported 181,417 shares. 4.28 million were accumulated by Blackrock Incorporated. Sei holds 0.02% or 85,204 shares. Federated Inc Pa holds 100,143 shares. Guggenheim Cap Llc has invested 0.01% in CommVault Systems, Inc. (NASDAQ:CVLT). 467,022 were accumulated by Royal Bancorp Of Canada. Employees Retirement Of Texas invested in 0.01% or 18,000 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Corp has invested 0.01% of its portfolio in CommVault Systems, Inc. (NASDAQ:CVLT). Dupont Capital Mgmt Corp has 0.01% invested in CommVault Systems, Inc. (NASDAQ:CVLT). Renaissance Techs Lc accumulated 1.56M shares or 0.11% of the stock. Bridgeway Cap Management Inc owns 4,100 shares for 0% of their portfolio. Nationwide Fund Advisors holds 0.02% of its portfolio in CommVault Systems, Inc. (NASDAQ:CVLT) for 92,958 shares. 129,617 were accumulated by Alyeska Investment L P. Cubist Systematic Strategies holds 0.03% of its portfolio in CommVault Systems, Inc. (NASDAQ:CVLT) for 8,514 shares.

Analysts await CommVault Systems, Inc. (NASDAQ:CVLT) to report earnings on January, 24. They expect $0.05 EPS, up 400.00% or $0.04 from last year’s $0.01 per share. CVLT’s profit will be $2.30M for 269.00 P/E if the $0.05 EPS becomes a reality. After $-0.06 actual EPS reported by CommVault Systems, Inc. for the previous quarter, Wall Street now forecasts -183.33% EPS growth.

Commvault Systems, Inc. is a well-known provider of data and information management software applications and related services. The company has market cap of $2.48 billion.

It closed at $53.8 lastly. It is down 28.52% since November 15, 2016 and is uptrending. It has outperformed by 11.82% the S&P500.

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