Two Sigma Investments LP Trims Stake in Verint Systems Inc. (NASDAQ:VRNT)

Two Sigma Investments LP lowered its stake in Verint Systems Inc. (NASDAQ:VRNT) by 25.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,722 shares of the technology company’s stock after selling 16,896 shares during the quarter. Two Sigma Investments LP owned approximately 0.08% of Verint Systems worth $1,392,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of VRNT. Plato Investment Management Ltd acquired a new stake in shares of Verint Systems during the 4th quarter worth $43,000. Headlands Technologies LLC purchased a new position in Verint Systems in the 4th quarter valued at about $52,000. Parkside Financial Bank & Trust bought a new position in shares of Verint Systems during the fourth quarter worth about $52,000. Sterling Capital Management LLC lifted its position in shares of Verint Systems by 808.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock worth $53,000 after purchasing an additional 1,713 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after purchasing an additional 613 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Verint Systems Stock Performance

NASDAQ:VRNT opened at $17.81 on Wednesday. Verint Systems Inc. has a 12-month low of $14.15 and a 12-month high of $38.17. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.07 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45. The firm has a 50-day moving average price of $17.08 and a 200 day moving average price of $22.35.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.28). Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The firm had revenue of $253.50 million for the quarter, compared to the consensus estimate of $276.82 million. During the same period in the prior year, the company posted $1.07 earnings per share. Verint Systems’s quarterly revenue was down 4.4% compared to the same quarter last year. Research analysts anticipate that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Activity at Verint Systems

In related news, insider Peter Fante sold 9,439 shares of Verint Systems stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the sale, the insider now owns 20,450 shares of the company’s stock, valued at approximately $337,425. The trade was a 31.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen J. Gold sold 2,744 shares of the business’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $16.07, for a total transaction of $44,096.08. Following the completion of the sale, the director now directly owns 28,473 shares of the company’s stock, valued at $457,561.11. This represents a 8.79% decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on VRNT. Evercore ISI cut their target price on shares of Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a report on Thursday, March 27th. Royal Bank of Canada lowered their price objective on shares of Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, March 27th. Wall Street Zen lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Wedbush decreased their price target on shares of Verint Systems from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $30.00 price target on shares of Verint Systems in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.33.

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.