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

Shares of Verint Systems Inc. (NASDAQ:VRNT) have received a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $35.20.

A number of brokerages recently commented on VRNT. TheStreet upgraded Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price 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. 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 set a $36.00 target price on shares of Verint Systems in a research note on Thursday, March 28th.

Insider Transactions at Verint Systems

In other news, Director Richard N. Nottenburg sold 5,274 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $31.17, for a total transaction of $164,390.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Richard N. Nottenburg sold 5,274 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $31.17, for a total transaction of $164,390.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Peter Fante sold 8,329 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $31.38, for a total value of $261,364.02. Following the sale, the insider now owns 43,540 shares in the company, valued at $1,366,285.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,800 shares of company stock worth $3,992,448. Insiders own 2.20% of the company’s stock.

Institutional Trading of Verint Systems

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted 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 during the last quarter. CWM LLC boosted its holdings in Verint Systems by 241.8% in the third quarter. CWM LLC now owns 1,309 shares of the technology company’s stock valued at $30,000 after acquiring an additional 926 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in Verint Systems in the first quarter valued at approximately $35,000. NBC Securities Inc. bought a new stake in Verint Systems in the first quarter valued at approximately $42,000. Finally, KBC Group NV bought a new stake in Verint Systems in the fourth quarter valued at approximately $43,000. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Stock 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. Verint Systems has a 52 week low of $18.41 and a 52 week high of $40.28. The stock has a market capitalization of $1.83 billion, a P/E ratio of 101.18, a PEG ratio of 1.26 and a beta of 1.20. The stock’s fifty day moving average is $31.22 and its 200 day moving average is $26.93.

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.