StockNews.com lowered shares of Verint Systems (NASDAQ:VRNT - Free Report) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.
A number of other brokerages also recently commented on VRNT. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target on shares of Verint Systems in a report on Wednesday, January 15th. Jefferies Financial Group increased their price target on Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a report on Friday, December 6th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $40.00 price target on shares of Verint Systems in a report on Friday, January 10th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.67.
Get Our Latest Analysis on Verint Systems
Verint Systems Trading Down 2.2 %
Shares of VRNT opened at $23.34 on Friday. The company has a market capitalization of $1.45 billion, a P/E ratio of 24.83, a P/E/G ratio of 0.97 and a beta of 1.24. Verint Systems has a one year low of $21.28 and a one year high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The stock has a 50-day moving average price of $25.82 and a 200 day moving average price of $26.12.
Insider Transactions at Verint Systems
In other news, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the sale, the chief financial officer now directly owns 117,137 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, insider Peter Fante sold 16,233 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total value of $446,732.16. Following the sale, the insider now owns 73,314 shares in the company, valued at $2,017,601.28. The trade was a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.
Institutional Trading of Verint Systems
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp raised its position in shares of Verint Systems by 142.6% during the 4th quarter. Mackenzie Financial Corp now owns 97,757 shares of the technology company's stock worth $2,683,000 after purchasing an additional 57,465 shares during the period. Sherbrooke Park Advisers LLC acquired a new stake in Verint Systems in the 4th quarter valued at approximately $768,000. ProShare Advisors LLC increased its position in Verint Systems by 32.4% in the 4th quarter. ProShare Advisors LLC now owns 22,769 shares of the technology company's stock valued at $625,000 after acquiring an additional 5,571 shares during the period. Man Group plc acquired a new stake in Verint Systems in the 4th quarter valued at approximately $221,000. Finally, Millennium Management LLC increased its position in Verint Systems by 62.1% in the 4th quarter. Millennium Management LLC now owns 516,438 shares of the technology company's stock valued at $14,176,000 after acquiring an additional 197,893 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.
About Verint Systems
(
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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.
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