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

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 18.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,858 shares of the technology company’s stock after purchasing an additional 2,272 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Verint Systems were worth $376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of Verint Systems by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock valued at $133,412,000 after acquiring an additional 232,499 shares during the period. Dimensional Fund Advisors LP boosted its position in Verint Systems by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,918,925 shares of the technology company’s stock worth $61,792,000 after purchasing an additional 73,441 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Verint Systems by 26.5% in the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock valued at $38,411,000 after purchasing an additional 317,804 shares during the last quarter. Global Alpha Capital Management Ltd. increased its position in shares of Verint Systems by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock valued at $31,199,000 after buying an additional 227,000 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Verint Systems by 35.1% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock worth $26,242,000 after buying an additional 211,570 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Insider Transactions at Verint Systems

In other Verint Systems news, President Elan Moriah sold 7,160 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $185,086.00. Following the completion of the sale, the president now owns 139,251 shares in the company, valued at approximately $3,599,638.35. The trade was a 4.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $437,692.20. Following the transaction, the chief executive officer now owns 592,832 shares in the company, valued at approximately $15,324,707.20. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,811 shares of company stock valued at $874,014. Company insiders own 1.70% of the company’s stock.

Verint Systems Trading Down 4.2 %

Shares of NASDAQ VRNT opened at $30.63 on Monday. Verint Systems Inc. has a 52 week low of $21.27 and a 52 week high of $38.17. The business has a 50 day simple moving average of $23.86 and a 200 day simple moving average of $28.85. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 1.30 and a beta of 1.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.36 and a current ratio of 1.32.

Analysts Set New Price Targets

Several equities analysts have weighed in on VRNT shares. Royal Bank of Canada restated an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a report on Thursday. Evercore ISI reduced their target price on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. TD Cowen cut their price target on Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research note on Thursday. Finally, Wedbush reissued an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a research note on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Company 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.