Verint Systems (VRNT) Given Buy Rating at Oppenheimer
Verint Systems (NASDAQ:VRNT)‘s stock had its “buy” rating reissued by Oppenheimer in a research note issued to investors on Thursday. They currently have a $49.00 price objective on the technology company’s stock. Oppenheimer’s price target suggests a potential upside of 15.16% from the company’s previous close.
A number of other equities research analysts also recently commented on VRNT. Zacks Investment Research downgraded shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $48.00 target price on shares of Verint Systems in a research report on Tuesday, August 15th. Finally, Deutsche Bank lifted their price target on shares of Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $46.43.
Shares of Verint Systems (VRNT) traded down $0.40 on Thursday, hitting $42.55. 493,700 shares of the company traded hands, compared to its average volume of 418,897. The company has a market capitalization of $2,737.41, a P/E ratio of 26.68, a P/E/G ratio of 2.38 and a beta of 1.26. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.72. Verint Systems has a 12 month low of $33.40 and a 12 month high of $44.70.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its stake in shares of Verint Systems by 9,688.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 49,139 shares of the technology company’s stock valued at $2,000,000 after buying an additional 48,637 shares in the last quarter. Martingale Asset Management L P lifted its stake in Verint Systems by 207.6% in the 2nd quarter. Martingale Asset Management L P now owns 165,947 shares of the technology company’s stock worth $6,755,000 after purchasing an additional 112,006 shares in the last quarter. Cipher Capital LP lifted its stake in Verint Systems by 4.4% in the 2nd quarter. Cipher Capital LP now owns 78,447 shares of the technology company’s stock worth $3,193,000 after purchasing an additional 3,322 shares in the last quarter. AHL Partners LLP lifted its stake in Verint Systems by 118.9% in the 2nd quarter. AHL Partners LLP now owns 99,139 shares of the technology company’s stock worth $4,035,000 after purchasing an additional 53,851 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Verint Systems by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,160,308 shares of the technology company’s stock worth $210,024,000 after purchasing an additional 50,136 shares in the last quarter. Institutional investors own 93.40% of the company’s stock.
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Verint Systems Company Profile
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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