Analysts Set Verint Systems Inc. (NASDAQ:VRNT) PT at $35.67

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $35.67.

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Verint Systems in a report on Thursday, December 5th. Wedbush restated an "outperform" rating and set a $38.00 target price on shares of Verint Systems in a research note on Thursday, September 26th. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 price target on shares of Verint Systems in a research note on Thursday, December 5th. StockNews.com raised Verint Systems from a "hold" rating to a "buy" rating in a report on Monday. Finally, Jefferies Financial Group lifted their price objective on Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a report on Friday, December 6th.

Verint Systems Stock Down 2.0 %

NASDAQ:VRNT traded down $0.50 during trading hours on Thursday, hitting $25.02. The stock had a trading volume of 760,699 shares, compared to its average volume of 761,020. The company has a market cap of $1.56 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.25 and a beta of 1.24. The business has a 50 day simple moving average of $26.13 and a two-hundred day simple moving average of $27.99. Verint Systems has a 1-year low of $21.27 and a 1-year high of $38.17. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

Insider Activity at Verint Systems

In other news, CFO Grant A. Highlander sold 12,880 shares of the company's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total value of $376,740.00. Following the transaction, the chief financial officer now owns 117,137 shares in the company, valued at $3,426,257.25. This represents a 9.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Fante sold 16,233 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total transaction of $446,732.16. Following the sale, the insider now owns 73,314 shares of the company's stock, valued at approximately $2,017,601.28. This represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Verint Systems

A number of hedge funds have recently modified their holdings of VRNT. Dimensional Fund Advisors LP boosted its position in Verint Systems by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,918,925 shares of the technology company's stock valued at $61,792,000 after purchasing an additional 73,441 shares during the last quarter. State Street Corp raised its stake in shares of Verint Systems by 1.5% during the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock worth $39,864,000 after purchasing an additional 23,400 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Verint Systems by 26.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company's stock valued at $38,411,000 after buying an additional 317,804 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Verint Systems by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company's stock valued at $38,004,000 after buying an additional 4,034 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. increased its holdings in Verint Systems by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company's stock worth $31,199,000 after buying an additional 227,000 shares during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.