Analysts Set Verint Systems Inc. (NASDAQ:VRNT) PT at $35.20

Shares of Verint Systems Inc. (NASDAQ:VRNT) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $35.20.

Several research analysts recently issued reports on VRNT shares. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Thursday, March 28th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. TheStreet raised Verint Systems from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research note on Thursday, March 28th.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, Director Richard N. Nottenburg sold 5,274 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $31.17, for a total value of $164,390.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Richard N. Nottenburg sold 5,274 shares of Verint Systems stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $31.17, for a total value of $164,390.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Dan Bodner sold 68,372 shares of Verint Systems stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $30.00, for a total value of $2,051,160.00. Following the transaction, the chief executive officer now owns 924,102 shares in the company, valued at approximately $27,723,060. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,800 shares of company stock valued at $3,992,448. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dark Forest Capital Management LP acquired a new stake in Verint Systems in the 1st quarter valued at about $35,000. PNC Financial Services Group Inc. raised its holdings in Verint Systems by 764.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after acquiring an additional 917 shares in the last quarter. NBC Securities Inc. purchased a new position in Verint Systems in the first quarter worth approximately $42,000. CWM LLC grew its holdings in Verint Systems by 241.8% during the 3rd quarter. CWM LLC now owns 1,309 shares of the technology company’s stock worth $30,000 after acquiring an additional 926 shares in the last quarter. Finally, KBC Group NV purchased a new stake in shares of Verint Systems in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Trading Down 3.0 %

Shares of NASDAQ VRNT opened at $29.34 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37. The business’s 50 day moving average price is $31.22 and its 200-day moving average price is $26.93. Verint Systems has a fifty-two week low of $18.41 and a fifty-two week high of $40.28. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 101.18, a PEG ratio of 1.26 and a beta of 1.20.

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.