Verint Systems Inc. (NASDAQ:VRNT) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Verint Systems Inc. is a leading provider of analytic solutions for communications interception, digital video security and surveillance, and enterprise business intelligence. “

VRNT has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $50.00 price target (up from $48.00) on shares of Verint Systems in a research note on Friday, June 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $48.00 price target (up from $44.00) on shares of Verint Systems in a research note on Thursday, June 8th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $47.00 price target (up from $45.00) on shares of Verint Systems in a research note on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $44.38.

Shares of Verint Systems (NASDAQ:VRNT) opened at 38.30 on Wednesday. The stock’s 50 day moving average is $39.95 and its 200-day moving average is $39.62. The firm’s market capitalization is $2.40 billion. Verint Systems has a 52-week low of $33.40 and a 52-week high of $44.70.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, June 7th. The technology company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.11. The company had revenue of $265.70 million during the quarter, compared to analyst estimates of $259.97 million. Verint Systems had a negative net margin of 2.94% and a positive return on equity of 9.76%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. On average, equities analysts forecast that Verint Systems will post $2.71 earnings per share for the current fiscal year.

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In related news, Director Richard N. Nottenburg sold 3,846 shares of the stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $40.95, for a total transaction of $157,493.70. Following the completion of the sale, the director now directly owns 18,178 shares of the company’s stock, valued at $744,389.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Douglas Robinson sold 2,635 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $40.86, for a total transaction of $107,666.10. Following the sale, the chief financial officer now directly owns 159,818 shares of the company’s stock, valued at $6,530,163.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,584 shares of company stock valued at $393,624. Company insiders own 1.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in VRNT. Principal Financial Group Inc. raised its stake in Verint Systems by 5.8% in the second quarter. Principal Financial Group Inc. now owns 7,923 shares of the technology company’s stock valued at $322,000 after buying an additional 431 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Verint Systems by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock valued at $108,000 after buying an additional 263 shares in the last quarter. Prudential Financial Inc. raised its stake in Verint Systems by 716.2% in the second quarter. Prudential Financial Inc. now owns 50,064 shares of the technology company’s stock valued at $2,038,000 after buying an additional 43,930 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Verint Systems by 659.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,466 shares of the technology company’s stock valued at $385,000 after buying an additional 8,219 shares in the last quarter. Finally, Bernzott Capital Advisors raised its stake in Verint Systems by 4.9% in the second quarter. Bernzott Capital Advisors now owns 482,261 shares of the technology company’s stock valued at $19,628,000 after buying an additional 22,630 shares in the last quarter. 97.18% of the stock is owned by institutional investors and hedge funds.

Verint Systems Company Profile

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.

Analyst Recommendations for Verint Systems (NASDAQ:VRNT)

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