Verint Systems Inc. (NASDAQ:VRNT) Short Interest Up 27.0% in April

Verint Systems Inc. (NASDAQ:VRNT) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,790,000 shares, a growth of 27.0% from the March 31st total of 1,410,000 shares. Based on an average trading volume of 554,700 shares, the short-interest ratio is currently 3.2 days. Currently, 2.9% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Oppenheimer reaffirmed a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research report on Thursday, March 28th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Verint Systems in a report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

Verint Systems Stock Up 2.4 %

Shares of Verint Systems stock opened at $30.93 on Friday. The stock’s fifty day moving average is $30.94 and its 200-day moving average is $27.38. The firm has a market capitalization of $1.93 billion, a PE ratio of 106.66, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. Verint Systems has a 12-month low of $18.41 and a 12-month high of $40.28.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The business had revenue of $265.22 million for the quarter, compared to the consensus estimate of $261.45 million. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. Equities analysts anticipate that Verint Systems will post 1.97 earnings per share for the current year.

Insiders Place Their Bets

In other Verint Systems news, CEO Dan Bodner sold 35,039 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total value of $1,051,170.00. Following the transaction, the chief executive officer now owns 991,748 shares of the company’s stock, valued at $29,752,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Grant A. Highlander sold 2,062 shares of Verint Systems stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $30.09, for a total transaction of $62,045.58. Following the sale, the chief financial officer now owns 82,442 shares of the company’s stock, valued at $2,480,679.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dan Bodner sold 35,039 shares of Verint Systems stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total value of $1,051,170.00. Following the sale, the chief executive officer now directly owns 991,748 shares in the company, valued at approximately $29,752,440. The disclosure for this sale can be found here. Insiders have sold 158,988 shares of company stock valued at $4,873,715 over the last quarter. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Verint Systems

Large investors have recently bought and sold shares of the business. Fort Washington Investment Advisors Inc. OH boosted its holdings in Verint Systems by 56.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock worth $17,772,000 after purchasing an additional 235,900 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Verint Systems by 6.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock worth $58,106,000 after buying an additional 154,285 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in Verint Systems by 276.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 128,667 shares of the technology company’s stock worth $2,969,000 after buying an additional 94,483 shares during the last quarter. Graham Capital Management L.P. bought a new stake in Verint Systems during the third quarter worth about $962,000. Finally, California Public Employees Retirement System grew its stake in Verint Systems by 7.0% during the third quarter. California Public Employees Retirement System now owns 320,663 shares of the technology company’s stock worth $7,372,000 after buying an additional 20,981 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Company Profile

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.