Verint Systems (NASDAQ:VRNT) Shares Gap Up to $31.09

Verint Systems Inc. (NASDAQ:VRNT)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $31.09, but opened at $35.00. Verint Systems shares last traded at $35.34, with a volume of 349,364 shares trading hands.

Analyst Ratings Changes

VRNT has been the subject of a number of recent research reports. Oppenheimer restated a “market perform” rating on shares of Verint Systems in a research note on Thursday. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research note on Thursday. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research note on Thursday. TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. Finally, StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.20.

Verint Systems Price Performance

The firm has a 50-day simple moving average of $30.70 and a 200 day simple moving average of $26.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.36 and a quick ratio of 1.33. The firm has a market cap of $2.10 billion, a PE ratio of 818.20, a price-to-earnings-growth ratio of 1.32 and a beta of 1.20.

Insider Transactions at Verint Systems

In other news, CEO Dan Bodner sold 33,472 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total transaction of $1,047,338.88. Following the sale, the chief executive officer now directly owns 860,630 shares of the company’s stock, valued at approximately $26,929,112.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

Several hedge funds have recently made changes to their positions in the company. Gotham Asset Management LLC raised its stake in Verint Systems by 2.5% in the first quarter. Gotham Asset Management LLC now owns 13,245 shares of the technology company’s stock valued at $493,000 after buying an additional 329 shares during the last quarter. AQR Capital Management LLC increased its holdings 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 valued at $411,000 after purchasing an additional 355 shares during the period. Pathstone Family Office LLC increased its holdings 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 valued at $337,000 after purchasing an additional 397 shares during the period. Great West Life Assurance Co. Can increased its holdings 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 valued at $190,000 after purchasing an additional 438 shares during the period. Finally, Alliancebernstein L.P. increased its holdings 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 valued at $2,761,000 after purchasing an additional 573 shares during the period. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Knowledge Management, which enables humans and bots to deliver service with tools.