Verint Systems (VRNT) Cut to Sell at BidaskClub
Verint Systems (NASDAQ:VRNT) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
A number of other equities analysts also recently issued reports on the company. Oppenheimer restated a “buy” rating and set a $49.00 price objective on shares of Verint Systems in a research report on Thursday, December 7th. Zacks Investment Research downgraded Verint Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Deutsche Bank raised their price objective on Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, September 7th. Finally, Royal Bank of Canada restated a “buy” rating and set a $48.00 price objective on shares of Verint Systems in a research report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Verint Systems has a consensus rating of “Hold” and an average price target of $47.33.
Verint Systems (VRNT) traded up $0.50 during trading on Tuesday, reaching $40.05. The company’s stock had a trading volume of 470,500 shares, compared to its average volume of 428,531. Verint Systems has a 1 year low of $34.65 and a 1 year high of $44.70. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $2,550.00, a P/E ratio of 24.26, a PEG ratio of 2.19 and a beta of 1.26.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AXA grew its stake in Verint Systems by 2.9% during the third quarter. AXA now owns 200,514 shares of the technology company’s stock worth $8,392,000 after purchasing an additional 5,700 shares during the period. Algert Global LLC acquired a new stake in Verint Systems during the third quarter worth approximately $2,589,000. Cubist Systematic Strategies LLC grew its stake in Verint Systems by 207.6% during the third quarter. Cubist Systematic Strategies LLC now owns 15,682 shares of the technology company’s stock worth $656,000 after purchasing an additional 10,583 shares during the period. Cornerstone Capital Management Holdings LLC. grew its stake in Verint Systems by 435.3% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 45,500 shares of the technology company’s stock worth $1,903,000 after purchasing an additional 37,000 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in Verint Systems during the third quarter worth approximately $202,000. 93.40% of the stock is owned by institutional investors and hedge funds.
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About Verint Systems
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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