Swiss National Bank Grows Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Swiss National Bank lifted its holdings in Verint Systems Inc. (NASDAQ:VRNT – Get Rating) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,200 shares of the technology company’s stock after buying an additional 2,800 shares during the quarter. Swiss National Bank owned approximately 0.24% of Verint Systems worth $5,667,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VRNT. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Verint Systems by 16,969.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 409,314 shares of the technology company’s stock worth $14,850,000 after purchasing an additional 406,916 shares in the last quarter. Cardinal Capital Management LLC CT lifted its stake in Verint Systems by 12.7% during the 3rd quarter. Cardinal Capital Management LLC CT now owns 2,475,476 shares of the technology company’s stock valued at $83,126,000 after acquiring an additional 278,706 shares during the period. Phoenix Holdings Ltd. lifted its stake in 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 acquiring an additional 267,386 shares during the period. Goldman Sachs Group Inc. lifted its stake in Verint Systems by 34.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 936,664 shares of the technology company’s stock valued at $39,668,000 after acquiring an additional 242,014 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its stake in Verint Systems by 25.3% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 963,351 shares of the technology company’s stock valued at $32,349,000 after acquiring an additional 194,822 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Dan Bodner sold 30,472 shares of the firm’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $35.89, for a total value of $1,093,640.08. Following the completion of the sale, the chief executive officer now directly owns 1,023,801 shares in the company, valued at $36,744,217.89. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Dan Bodner sold 30,472 shares of Verint Systems stock in a transaction on Monday, March 20th. The stock was sold at an average price of $35.89, for a total transaction of $1,093,640.08. Following the completion of the sale, the chief executive officer now directly owns 1,023,801 shares in the company, valued at $36,744,217.89. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Peter Fante sold 4,498 shares of Verint Systems stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $38.66, for a total value of $173,892.68. Following the sale, the insider now owns 37,842 shares of the company’s stock, valued at $1,462,971.72. The disclosure for this sale can be found here. Insiders sold a total of 182,583 shares of company stock worth $6,831,027 over the last three months. 2.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VRNT. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Verint Systems in a research note on Thursday, March 30th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Saturday, May 13th. Finally, Royal Bank of Canada lowered their price objective on shares of Verint Systems from $48.00 to $46.00 and set an “outperform” rating on the stock in a research note on Thursday, March 30th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.63.

Verint Systems Stock Up 1.4 %

VRNT stock opened at $35.72 on Friday. The firm has a fifty day moving average price of $36.19 and a 200 day moving average price of $36.88. Verint Systems Inc. has a fifty-two week low of $31.63 and a fifty-two week high of $52.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.32 and a quick ratio of 1.29.

Verint Systems (NASDAQ:VRNT – Get Rating) last posted its earnings results on Wednesday, March 29th. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. Verint Systems had a net margin of 1.65% and a return on equity of 15.36%. The firm had revenue of $236.75 million during the quarter, compared to analyst estimates of $233.92 million. Sell-side analysts forecast that Verint Systems Inc. will post 1.77 earnings per share for the current fiscal year.

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.