What’s Verint Systems Inc. (VRNT) Upside After Touching 52-Week High?

June 17, 2018 - By Harriett Tippett

Verint Systems Inc. (NASDAQ:VRNT) Logo

Investors sentiment decreased to 1.11 in Q1 2018. Its down 0.11, from 1.22 in 2017Q4. It dived, as 23 investors sold Verint Systems Inc. shares while 73 reduced holdings. 39 funds opened positions while 68 raised stakes. 57.72 million shares or 2.41% less from 59.15 million shares in 2017Q4 were reported.
Point72 Asia (Hong Kong) Limited holds 1,930 shares or 0.04% of its portfolio. First Mercantile Tru Company holds 6,065 shares. The Hong Kong-based Parametrica Management Limited has invested 0.58% in Verint Systems Inc. (NASDAQ:VRNT). Laurion Mngmt L P owns 10,200 shares or 0% of their US portfolio. State Board Of Administration Of Florida Retirement Sys owns 32,987 shares. Endowment Management Limited Partnership accumulated 8,300 shares. Proshare Advisors Ltd Limited Liability Company has 0% invested in Verint Systems Inc. (NASDAQ:VRNT). Ameritas Inv Ptnrs Inc has invested 0.01% in Verint Systems Inc. (NASDAQ:VRNT). Bluemountain Capital Mngmt Ltd Liability reported 17,785 shares. Peak6 Invests Limited Partnership holds 0% in Verint Systems Inc. (NASDAQ:VRNT) or 19,845 shares. Moreover, Victory Cap Management Incorporated has 0.1% invested in Verint Systems Inc. (NASDAQ:VRNT). The New York-based Sg Americas Securities Limited Liability Corp has invested 0.01% in Verint Systems Inc. (NASDAQ:VRNT). Psagot Invest House reported 2,937 shares. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Verint Systems Inc. (NASDAQ:VRNT). Advsr Asset holds 0% or 1,771 shares in its portfolio.

The stock of Verint Systems Inc. (NASDAQ:VRNT) hit a new 52-week high and has $47.53 target or 3.00 % above today’s $46.15 share price. The 6 months bullish chart indicates low risk for the $2.95B company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $47.53 price target is reached, the company will be worth $88.62 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.76% or $0.35 during the last trading session, reaching $46.15. About 568,290 shares traded or 67.29% up from the average. Verint Systems Inc. (NASDAQ:VRNT) has risen 6.27% since June 17, 2017 and is uptrending. It has underperformed by 6.30% the S&P500.

Verint Systems Inc. (NASDAQ:VRNT) Ratings Coverage

Among 3 analysts covering Verint Systems Inc (NASDAQ:VRNT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Verint Systems Inc had 5 analyst reports since March 29, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, June 8 by Oppenheimer. Oppenheimer maintained the stock with “Buy” rating in Thursday, May 17 report. The stock of Verint Systems Inc. (NASDAQ:VRNT) has “Buy” rating given on Thursday, March 29 by RBC Capital Markets. The stock of Verint Systems Inc. (NASDAQ:VRNT) earned “Buy” rating by Oppenheimer on Tuesday, May 29. Imperial Capital upgraded the shares of VRNT in report on Thursday, May 31 to “Outperform” rating.

More important recent Verint Systems Inc. (NASDAQ:VRNT) news were published by: Globes.Co.Il which released: “Verint CEO: We’re looking to improve margins” on June 11, 2018, also Seekingalpha.com published article titled: “Verint Systems Inc. (VRNT) CEO Dan Bodner on Q1 2018 Results – Earnings Call Transcript”, Benzinga.com published: “Imperial Capital Incrementally Bullish On Verint After M&A Talk” on May 31, 2018. More interesting news about Verint Systems Inc. (NASDAQ:VRNT) was released by: Businesswire.com and their article: “Verint Reports First Quarter Results” with publication date: June 07, 2018.

Verint Systems Inc. provides actionable intelligence solutions and value-added services worldwide. The company has market cap of $2.95 billion. The Company’s Customer Engagement Solutions segment provides voice of the customer solutions, including interaction analytics, enterprise feedback, and digital feedback; workforce optimization solutions, such as intelligent recording, analytics-driven quality, coaching/learning, workforce management, work allocation, desktop and process analytics, robotic process automation, and performance management; employee engagement solutions comprising workforce optimization, knowledge management, employee desktop, case management, internal communities, gamification, mobile workforce apps, and voice of the employee; engagement channel solutions consisting of Web/mobile self-service, voice self-service, customer communities, email/secure messaging, Web chat, co-browse, mobile messaging, and social engagement; and security, fraud, and compliance solutions, including compliance recording, fraud and identity analytics, trading compliance, branch surveillance and investigation, and public safety compliance. It currently has negative earnings. The companyÂ’s Cyber Intelligence Solutions segment offers security and intelligence data mining software solutions, which are used for a range of applications, such as predictive intelligence, advanced and complex investigations, security threat analysis, and electronic data and physical assets protection, as well as for generating legal evidence and preventing criminal activity and terrorism.

Verint Systems Inc. (NASDAQ:VRNT) Institutional Positions Chart

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