Verition Fund Management LLC Purchases 3,665 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Verition Fund Management LLC boosted its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT – Get Rating) by 41.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,557 shares of the technology company’s stock after purchasing an additional 3,665 shares during the period. Verition Fund Management LLC’s holdings in Verint Systems were worth $422,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Macquarie Group Ltd. lifted its position in shares of Verint Systems by 554.3% during the 2nd quarter. Macquarie Group Ltd. now owns 1,255,002 shares of the technology company’s stock worth $53,149,000 after buying an additional 1,063,190 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Verint Systems by 15.8% in the third quarter. Victory Capital Management Inc. now owns 3,821,166 shares of the technology company’s stock worth $128,314,000 after acquiring an additional 521,003 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Verint Systems by 61.4% in the 2nd quarter. Deutsche Bank AG now owns 1,333,525 shares of the technology company’s stock valued at $56,475,000 after purchasing an additional 507,146 shares in the last quarter. Phoenix Holdings Ltd. grew its holdings in shares of Verint Systems by 33.5% during the 3rd quarter. Phoenix Holdings Ltd. now owns 1,066,731 shares of the technology company’s stock valued at $36,644,000 after purchasing an additional 267,386 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Verint Systems by 120.0% during the 3rd quarter. Jennison Associates LLC now owns 452,977 shares of the technology company’s stock worth $15,211,000 after purchasing an additional 247,060 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insider Buying and Selling

In other Verint Systems news, insider Peter Fante sold 8,202 shares of the company’s stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $35.11, for a total transaction of $287,972.22. Following the sale, the insider now owns 38,766 shares of the company’s stock, valued at $1,361,074.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, President Elan Moriah sold 2,120 shares of Verint Systems stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $37.56, for a total value of $79,627.20. Following the completion of the sale, the president now owns 117,756 shares in the company, valued at approximately $4,422,915.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Fante sold 8,202 shares of the business’s stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $35.11, for a total transaction of $287,972.22. Following the transaction, the insider now owns 38,766 shares in the company, valued at approximately $1,361,074.26. The disclosure for this sale can be found here. Insiders sold 17,685 shares of company stock valued at $644,154 over the last quarter. Insiders own 2.40% of the company’s stock.

Verint Systems Stock Performance

Shares of VRNT stock opened at $37.50 on Wednesday. The stock has a market capitalization of $2.47 billion, a PE ratio of -101.35, a PEG ratio of 2.08 and a beta of 0.98. The business’s 50 day simple moving average is $37.55 and its 200 day simple moving average is $37.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.38 and a quick ratio of 1.36. Verint Systems Inc. has a one year low of $31.63 and a one year high of $56.39.

Verint Systems (NASDAQ:VRNT – Get Rating) last posted its quarterly earnings data on Wednesday, December 7th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Verint Systems had a negative net margin of 0.30% and a positive return on equity of 12.88%. The company had revenue of $225.62 million for the quarter, compared to analyst estimates of $227.43 million. As a group, research analysts forecast that Verint Systems Inc. will post 1.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

VRNT has been the topic of a number of research reports. Needham & Company LLC decreased their target price on shares of Verint Systems from $61.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, December 8th. Wedbush lowered their target price on Verint Systems from $56.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, December 8th. Cowen cut their price target on Verint Systems from $75.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, December 8th. Jefferies Financial Group cut Verint Systems from a “buy” rating to a “hold” rating and reduced their price target for the stock from $45.00 to $40.00 in a report on Thursday, January 5th. Finally, Royal Bank of Canada dropped their price objective on shares of Verint Systems from $58.00 to $48.00 in a report on Thursday, December 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Verint Systems presently has a consensus rating of “Moderate Buy” and an average target price of $48.89.

Verint Systems Profile

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Verint Systems, Inc engages in providing actionable intelligence. It operates through the following segments: Customer Engagement Solutions and Cyber Intelligence Solutions. The Customer Engagement segment includes customer-centric organizations optimize customer engagement, increase customer loyalty, and maximize revenue opportunities, while generating operational efficiencies, reducing cost, and mitigating risk.