Verint Systems Inc. (VRNT) PT Raised to $43.00 at Imperial Capital
Verint Systems Inc. (NASDAQ:VRNT) had its target price lifted by equities research analysts at Imperial Capital from $40.00 to $43.00 in a report released on Wednesday. The firm presently has an “outperform” rating on the stock. Imperial Capital’s target price suggests a potential upside of 11.98% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Goldman Sachs Group, Inc. (The) began coverage on Verint Systems in a research report on Friday, February 10th. They issued a “buy” rating and a $44.00 price target for the company. Zacks Investment Research raised Verint Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, November 9th. J P Morgan Chase & Co set a $41.00 price target on Verint Systems and gave the company a “buy” rating in a research report on Thursday, December 8th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $49.00 price target on shares of Verint Systems in a research report on Tuesday, December 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.71.
Shares of Verint Systems (NASDAQ:VRNT) opened at 38.40 on Wednesday. Verint Systems has a 12 month low of $29.80 and a 12 month high of $39.68. The company’s market cap is $2.41 billion. The stock has a 50 day moving average of $37.06 and a 200-day moving average of $36.52.
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In other news, insider Peter Fante sold 1,426 shares of the firm’s stock in a transaction on Thursday, December 22nd. The stock was sold at an average price of $34.94, for a total transaction of $49,824.44. Following the completion of the sale, the insider now directly owns 35,442 shares of the company’s stock, valued at approximately $1,238,343.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Douglas Robinson sold 3,070 shares of the firm’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $36.81, for a total value of $113,006.70. Following the sale, the chief financial officer now directly owns 153,556 shares of the company’s stock, valued at $5,652,396.36. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Solaris Asset Management LLC raised its stake in shares of Verint Systems by 1,012.5% in the third quarter. Solaris Asset Management LLC now owns 3,115 shares of the company’s stock valued at $117,000 after buying an additional 2,835 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Verint Systems during the fourth quarter valued at about $136,000. Russell Investments Group Ltd. acquired a new stake in shares of Verint Systems during the fourth quarter valued at about $148,000. Westpac Banking Corp acquired a new stake in shares of Verint Systems during the third quarter valued at about $184,000. Finally, Schafer Cullen Capital Management Inc. acquired a new stake in shares of Verint Systems during the third quarter valued at about $221,000. 94.84% of the stock is owned by hedge funds and other institutional investors.
About Verint Systems
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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