In a different news, on Jun 21, 2016, Douglas Robinson (Chief Financial Officer) sold 1,881 shares at $35.34 per share price. (NASDAQ:VRNT), according to U.S. Securities and Exchange Commission (SEC) filings. The shares were sold at an average price of $35.34, for a total transaction of $66,474.54. The Hedge Fund company now holds 664,075 shares of VRNT which is valued at $23,554,740. Cornerstone Advisors sold out all of its stake in VRNT during the most recent quarter. Apex Capital Management now owns 906,856 shares of the company’s stock worth $30,271,000 after buying an additional 77,321 shares during the period. UBS Group AG now owns 13,169 shares of the company’s stock worth $439,000 after buying an additional 1,169 shares in the last quarter. Following the completion of the sale, the insider now directly owns 38,191 shares of the company’s stock, valued at approximately $1,349,669.94.
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Out of 8 analysts covering Verint Systems Inc.
Lp reduced its stake in VRNT by selling 20,964 shares or 15.49% in the most recent quarter.
Other hedge funds recently made changes to their positions in the company.
Today analysts at Imperial Capital maintained Verint Systems Inc.’s (NASDAQ:VRNT) shares as “Outperform” in a report released to investors. (NASDAQ:VRNT), 6 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. The highest analyst price target is $49.00, which implies a gain of 71 percent. The stock was sold at an average price of $35.34, for a total transaction of $293,074.62. The firm has a market capitalization of $2.36 billion and a P/E ratio of 3798.00.
Stating a possible upside of 0.15%, Imperial Capital raised the estimated target of Verint Systems Inc.
Wednesday posted lower revenue and a wider net loss for the quarter ended July 31 amid a downturn in sales of its cybersecurity products. The company has grown 3.79% in past 3 months and in the last five trades has moved up 11.66%. On average, equities research analysts expect that Verint Systems will post $3.00 EPS for the current fiscal year.
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Several executives took part in recent insider activity for the stock. The investment management company has sold out 20,700 shares of Verint Systems which is valued at $750,996. Oppenheimer Holdings reaffirmed a “buy” rating and set a $49.00 price target on shares of Verint Systems in a research report on Wednesday, June 8th. Finally, Zacks Investment Research upgraded shares of Verint Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. JPMorgan Chase & Co. lifted their target price on shares of Verint Systems from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday. Verint Systems presently has a consensus rating of Buy and an average price target of $42.43. Verint, managed by president and CEO Dan Bodner, supplies systems and services for business and security intelligence. The Company addresses the Customer Engagement Optimization market opportunity through solutions from its Enterprise Intelligence Solution segment.
