Verint Systems Inc. (NASDAQ:VRNT) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 12.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,165 shares of the technology company’s stock after buying an additional 1,435 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Verint Systems were worth $356,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VRNT. Cornercap Investment Counsel Inc. increased its stake in shares of Verint Systems by 69.1% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 21,073 shares of the technology company’s stock valued at $570,000 after acquiring an additional 8,609 shares during the last quarter. Phocas Financial Corp. increased its position in shares of Verint Systems by 2.0% in the fourth quarter. Phocas Financial Corp. now owns 150,868 shares of the technology company’s stock worth $4,078,000 after acquiring an additional 2,898 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Verint Systems by 2.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 29,319 shares of the technology company’s stock worth $792,000 after acquiring an additional 792 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Verint Systems by 23.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,166 shares of the technology company’s stock valued at $2,545,000 after acquiring an additional 17,894 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Verint Systems by 52.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 195,799 shares of the technology company’s stock valued at $5,321,000 after acquiring an additional 67,132 shares in the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Verint Systems Stock Performance

Shares of VRNT opened at $31.25 on Friday. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 107.76, a PEG ratio of 1.30 and a beta of 1.21. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $30.91 and its two-hundred day moving average is $27.68. Verint Systems Inc. has a 52-week low of $18.41 and a 52-week 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. Verint Systems had a net margin of 4.24% and a return on equity of 16.60%. The business had revenue of $265.22 million during the quarter, compared to analyst estimates of $261.45 million. Analysts forecast that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

Insider Activity

In related news, CEO Dan Bodner sold 33,472 shares of Verint Systems stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total value of $1,047,338.88. Following the completion of the transaction, the chief executive officer now directly owns 860,630 shares in the company, valued at $26,929,112.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Verint Systems news, Director Richard N. Nottenburg sold 5,274 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $31.17, for a total transaction of $164,390.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dan Bodner sold 33,472 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total transaction of $1,047,338.88. Following the sale, the chief executive officer now directly owns 860,630 shares in the company, valued at $26,929,112.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,988 shares of company stock worth $4,873,715. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Verint Systems 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.