Verint Systems Inc. (NASDAQ:VRNT)’s share price dropped 2.5% on Wednesday . The stock traded as low as $34.33 and last traded at $34.43, with a volume of 230,777 shares trading hands. The stock had previously closed at $35.33.

VRNT has been the subject of several research analyst reports. Credit Suisse Group AG restated a “sell” rating and set a $29.00 price target on shares of Verint Systems in a report on Wednesday, May 25th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Verint Systems in a research note on Wednesday, June 8th. Zacks Investment Research lowered Verint Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, June 14th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $41.14.

The stock has a 50 day moving average price of $34.47 and a 200 day moving average price of $34.35. The firm has a market capitalization of $2.15 billion and a PE ratio of 3450.00.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Tuesday, June 7th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The business earned $249 million during the quarter. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.66 earnings per share. On average, equities research analysts anticipate that Verint Systems Inc. will post $3.00 earnings per share for the current fiscal year.

In other Verint Systems news, insider Peter Fante sold 1,323 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $35.34, for a total transaction of $46,754.82. Following the completion of the sale, the insider now directly owns 38,191 shares in the company, valued at approximately $1,349,669.94. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Douglas Robinson sold 1,881 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $35.34, for a total value of $66,474.54. Following the sale, the chief financial officer now owns 158,507 shares of the company’s stock, valued at $5,601,637.38. The disclosure for this sale can be found here.

A number of large investors have recently bought and sold shares of the company. RS Investment Management Co. LLC raised its stake in Verint Systems by 197.3% in the fourth quarter. RS Investment Management Co. LLC now owns 658,602 shares of the company’s stock valued at $26,713,000 after buying an additional 437,052 shares during the period. Bernzott Capital Advisors raised its stake in Verint Systems by 67.5% in the fourth quarter. Bernzott Capital Advisors now owns 507,279 shares of the company’s stock valued at $20,575,000 after buying an additional 204,494 shares during the period. New York State Common Retirement Fund raised its stake in Verint Systems by 2.2% in the fourth quarter. New York State Common Retirement Fund now owns 134,025 shares of the company’s stock valued at $5,436,000 after buying an additional 2,937 shares during the period. Foresters Investment Management Company Inc. raised its stake in Verint Systems by 24.6% in the fourth quarter. Foresters Investment Management Company Inc. now owns 121,500 shares of the company’s stock valued at $4,928,000 after buying an additional 24,000 shares during the period. Finally, Mutual of America Capital Management LLC raised its stake in Verint Systems by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 46,811 shares of the company’s stock valued at $1,899,000 after buying an additional 279 shares during the period.

Verint Systems Inc offers Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address Customer Engagement Optimization, Security Intelligence, and Fraud, Risk and Compliance. It offers services, such as strategic consulting, implementation services, training, maintenance and round the clock support, as well as a range of deployment models.

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