California Public Employees Retirement System Has $3.17 Million Position in Verint Systems Inc. (NASDAQ:VRNT)

California Public Employees Retirement System lessened its stake in Verint Systems Inc. (NASDAQ:VRNT) by 63.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 117,301 shares of the technology company’s stock after selling 203,362 shares during the quarter. California Public Employees Retirement System’s holdings in Verint Systems were worth $3,171,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CWM LLC grew its holdings in shares of Verint Systems by 61.2% during the 4th quarter. CWM LLC now owns 2,110 shares of the technology company’s stock valued at $57,000 after acquiring an additional 801 shares in the last quarter. Headlands Technologies LLC acquired a new position in Verint Systems in the 3rd quarter worth about $117,000. AlphaMark Advisors LLC acquired a new position in Verint Systems in the 3rd quarter worth about $166,000. Empirical Asset Management LLC purchased a new stake in shares of Verint Systems during the 4th quarter worth about $210,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Verint Systems during the 3rd quarter valued at about $201,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Price Performance

Shares of Verint Systems stock opened at $31.25 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $30.91 and a 200-day simple moving average of $27.72. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 107.76, a PEG ratio of 1.32 and a beta of 1.21. Verint Systems Inc. has a 1-year low of $18.41 and a 1-year high of $40.28.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share 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 firm had revenue of $265.22 million during the quarter, compared to analyst estimates of $261.45 million. On average, sell-side analysts expect that Verint Systems Inc. will post 1.97 earnings per share for the current year.

Insider Activity at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 33,472 shares of Verint Systems stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 860,630 shares of the company’s stock, valued at approximately $26,929,112.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Grant A. Highlander sold 2,062 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $30.09, for a total value of $62,045.58. Following the completion of the sale, the chief financial officer now owns 82,442 shares in the company, valued at $2,480,679.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 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. Insiders sold a total of 158,988 shares of company stock worth $4,873,715 in the last 90 days. 2.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.