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

Shares of Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) have earned an average rating of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $35.20.

A number of equities research analysts have issued reports on the stock. Oppenheimer reiterated a "market perform" rating on shares of Verint Systems in a research report on Thursday, March 28th. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 target price on shares of Verint Systems in a research note on Thursday, March 28th. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. TheStreet upgraded shares of Verint Systems from a "d+" rating to a "c-" rating in a research report on Wednesday, February 14th. Finally, StockNews.com upgraded shares of Verint Systems from a "hold" rating to a "buy" rating in a research report on Thursday, March 14th.

Insider Activity

In other news, CEO Dan Bodner sold 68,372 shares of Verint Systems stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $30.00, for a total transaction of $2,051,160.00. Following the sale, the chief executive officer now directly owns 924,102 shares in the company, valued at approximately $27,723,060. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Dan Bodner sold 68,372 shares of Verint Systems stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $30.00, for a total transaction of $2,051,160.00. Following the completion of the transaction, the chief executive officer now directly owns 924,102 shares of the company's stock, valued at approximately $27,723,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Fante sold 8,329 shares of Verint Systems stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $31.38, for a total transaction of $261,364.02. Following the transaction, the insider now directly owns 43,540 shares of the company's stock, valued at $1,366,285.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,526 shares of company stock worth $3,828,058. Corporate insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On Verint Systems

Institutional investors have recently added to or reduced their stakes in the company. Gotham Asset Management LLC raised its stake in shares of Verint Systems by 2.5% in the first quarter. Gotham Asset Management LLC now owns 13,245 shares of the technology company's stock worth $493,000 after acquiring an additional 329 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Verint Systems by 3.2% in the fourth quarter. AQR Capital Management LLC now owns 11,324 shares of the technology company's stock worth $411,000 after acquiring an additional 355 shares during the last quarter. Pathstone Family Office LLC raised its stake in shares of Verint Systems by 4.5% in the fourth quarter. Pathstone Family Office LLC now owns 9,277 shares of the technology company's stock worth $337,000 after acquiring an additional 397 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Verint Systems by 14.5% in the first quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company's stock worth $190,000 after acquiring an additional 438 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Verint Systems by 0.7% in the second quarter. Alliancebernstein L.P. now owns 78,754 shares of the technology company's stock worth $2,761,000 after acquiring an additional 573 shares during the last quarter. 94.95% of the stock is owned by institutional investors.

Verint Systems Stock Up 4.2 %

VRNT stock traded up $1.34 during midday trading on Tuesday, reaching $33.05. The company had a trading volume of 840,408 shares, compared to its average volume of 546,279. Verint Systems has a 1 year low of $18.41 and a 1 year high of $40.28. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $2.08 billion, a P/E ratio of 113.97, a PEG ratio of 1.27 and a beta of 1.20. The company has a 50 day moving average of $31.15 and a two-hundred day moving average of $26.74.

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.