Verint Systems (NASDAQ:VRNT) Rating Lowered to “Hold” at 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 Wednesday.

VRNT has been the subject of several other research reports. Wedbush reissued an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a report on Friday, January 10th. Jefferies Financial Group raised their price objective on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.67.

Verint Systems Trading Down 3.1 %

Shares of NASDAQ VRNT traded down $0.80 during midday trading on Wednesday, hitting $25.08. 1,059,883 shares of the company traded hands, compared to its average volume of 816,320. Verint Systems has a 12-month low of $21.27 and a 12-month high of $38.17. The firm has a market cap of $1.56 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.25 and a beta of 1.24. The stock has a 50-day moving average price of $26.34 and a 200 day moving average price of $27.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32.

Insider Activity

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the sale, the chief financial officer now directly owns 117,137 shares in the company, valued at approximately $3,426,257.25. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total value of $446,732.16. Following the completion of the sale, the insider now directly owns 73,314 shares of the company’s stock, 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. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Verint Systems

A number of hedge funds have recently bought and sold shares of VRNT. Wedge Capital Management L L P NC grew its stake in shares of Verint Systems by 19.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 106,556 shares of the technology company’s stock worth $2,925,000 after acquiring an additional 17,123 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Verint Systems by 19.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 50,792 shares of the technology company’s stock worth $1,394,000 after purchasing an additional 8,116 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Verint Systems by 13.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 95,064 shares of the technology company’s stock worth $2,610,000 after purchasing an additional 11,285 shares during the last quarter. Central Pacific Bank Trust Division grew its position in Verint Systems by 29.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock worth $194,000 after purchasing an additional 1,630 shares during the period. Finally, Franklin Resources Inc. raised its stake in Verint Systems by 9.5% during the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock valued at $968,000 after buying an additional 3,585 shares during the last quarter. Hedge funds and other 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.