Verint Systems (NASDAQ:VRNT) Lowered to Hold Rating by StockNews.com

Verint Systems (NASDAQ:VRNT) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Sunday.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group raised their target price on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research note on Wednesday, January 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research note on Friday, January 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Price Performance

NASDAQ VRNT opened at $24.29 on Friday. Verint Systems has a 12 month low of $21.27 and a 12 month high of $38.17. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 0.97 and a beta of 1.24. The company’s 50 day moving average is $26.12 and its two-hundred day moving average is $26.31. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

Insider Activity

In other news, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total transaction of $376,740.00. Following the sale, the chief financial officer now owns 117,137 shares in the company, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total transaction of $446,732.16. Following the sale, the insider now owns 73,314 shares in the company, valued at approximately $2,017,601.28. The trade was a 18.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Verint Systems by 4.1% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 42,676 shares of the technology company’s stock valued at $1,081,000 after purchasing an additional 1,691 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Verint Systems in the third quarter valued at $2,122,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Verint Systems by 3.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 189,512 shares of the technology company’s stock valued at $4,822,000 after purchasing an additional 5,928 shares in the last quarter. Cannon Global Investment Management LLC purchased a new position in shares of Verint Systems in the third quarter valued at $519,000. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Verint Systems by 3.6% in the third quarter. Asset Management One Co. Ltd. now owns 84,111 shares of the technology company’s stock valued at $2,131,000 after purchasing an additional 2,894 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

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.