Mirae Asset Global Investments Co. Ltd. Buys 17,894 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 23.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,166 shares of the technology company’s stock after buying an additional 17,894 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Verint Systems were worth $2,545,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Gotham Asset Management LLC raised its holdings in Verint Systems by 2.5% during the first quarter. Gotham Asset Management LLC now owns 13,245 shares of the technology company’s stock valued at $493,000 after buying an additional 329 shares in the last quarter. AQR Capital Management LLC raised its holdings in Verint Systems by 3.2% during the fourth quarter. AQR Capital Management LLC now owns 11,324 shares of the technology company’s stock valued at $411,000 after buying an additional 355 shares in the last quarter. Pathstone Family Office LLC raised its holdings in Verint Systems by 4.5% during the fourth quarter. Pathstone Family Office LLC now owns 9,277 shares of the technology company’s stock valued at $337,000 after buying an additional 397 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Verint Systems by 14.5% during the first quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company’s stock valued at $190,000 after buying an additional 438 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Verint Systems by 0.7% in the second quarter. Alliancebernstein L.P. now owns 78,754 shares of the technology company’s stock valued at $2,761,000 after purchasing an additional 573 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Stock Down 0.1 %

VRNT stock opened at $29.09 on Friday. Verint Systems Inc. has a twelve month low of $18.41 and a twelve month high of $40.28. The company has a market cap of $1.81 billion, a PE ratio of 100.31, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20. The business’s 50-day simple moving average is $31.13 and its 200 day simple moving average is $27.00. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.49.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VRNT. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. TheStreet raised Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. Oppenheimer reaffirmed a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Verint Systems presently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Insider Buying and Selling

In related news, CEO Dan Bodner sold 44,335 shares of Verint Systems stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $30.09, for a total transaction of $1,334,040.15. Following the sale, the chief executive officer now directly owns 898,234 shares of the company’s stock, valued at $27,027,861.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Verint Systems news, CEO Dan Bodner sold 44,335 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 $1,334,040.15. Following the sale, the chief executive officer now directly owns 898,234 shares of the company’s stock, valued at $27,027,861.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Elan Moriah sold 14,353 shares of Verint Systems stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $32.62, for a total value of $468,194.86. Following the sale, the president now directly owns 79,953 shares in the company, valued at $2,608,066.86. The disclosure for this sale can be found here. Insiders have sold a total of 192,321 shares of company stock valued at $5,873,705 over the last three months. 2.20% of the stock is owned by corporate insiders.

About Verint Systems

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.