Strs Ohio Has $967,000 Stake in Verint Systems Inc. (NASDAQ:VRNT)

Strs Ohio grew its stake in Verint Systems Inc. (NASDAQ:VRNT – Get Rating) by 5.5% during the third quarter, HoldingsChannel reports. The firm owned 28,800 shares of the technology company’s stock after buying an additional 1,500 shares during the quarter. Strs Ohio’s holdings in Verint Systems were worth $967,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Great West Life Assurance Co. Can lifted its stake in shares of Verint Systems by 14.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company’s stock valued at $190,000 after acquiring an additional 438 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Verint Systems by 11.0% during the second quarter. Inspire Investing LLC now owns 5,056 shares of the technology company’s stock valued at $214,000 after purchasing an additional 501 shares in the last quarter. Signet Financial Management LLC grew its holdings in shares of Verint Systems by 1.5% during the first quarter. Signet Financial Management LLC now owns 39,735 shares of the technology company’s stock worth $2,054,000 after purchasing an additional 605 shares during the last quarter. Brown Advisory Inc. raised its holdings in Verint Systems by 12.0% in the 2nd quarter. Brown Advisory Inc. now owns 5,758 shares of the technology company’s stock valued at $244,000 after buying an additional 616 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its position in Verint Systems by 357.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 914 shares of the technology company’s stock worth $39,000 after buying an additional 714 shares during the period. 99.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VRNT has been the subject of several analyst reports. StockNews.com began coverage on shares of Verint Systems in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Wedbush cut their price objective on Verint Systems from $56.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, December 8th. Oppenheimer dropped their price target on shares of Verint Systems to $50.00 in a research report on Monday, December 12th. Needham & Company LLC decreased their price objective on shares of Verint Systems from $61.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, December 8th. Finally, Evercore ISI dropped their target price on shares of Verint Systems to $50.00 in a report on Monday, December 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Verint Systems has an average rating of “Moderate Buy” and a consensus price target of $48.89.

Insider Activity at Verint Systems

In related news, insider Peter Fante sold 8,202 shares of the firm’s stock in a transaction dated Thursday, December 22nd. The shares were sold at an average price of $35.11, for a total transaction of $287,972.22. Following the transaction, the insider now directly owns 38,766 shares of the company’s stock, valued at $1,361,074.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Peter Fante sold 8,202 shares of the business’s stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $35.11, for a total value of $287,972.22. Following the sale, the insider now directly owns 38,766 shares in the company, valued at approximately $1,361,074.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Elan Moriah sold 2,120 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $37.56, for a total transaction of $79,627.20. Following the completion of the transaction, the president now owns 117,756 shares of the company’s stock, valued at $4,422,915.36. The disclosure for this sale can be found here. In the last three months, insiders sold 17,685 shares of company stock valued at $644,154. 2.40% of the stock is owned by insiders.

Verint Systems Stock Performance

VRNT opened at $37.32 on Friday. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -100.86, a PEG ratio of 2.43 and a beta of 0.98. The company’s fifty day moving average price is $37.03 and its two-hundred day moving average price is $39.70. Verint Systems Inc. has a 1-year low of $31.63 and a 1-year high of $56.39. The company has a current ratio of 1.38, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49.

Verint Systems Profile

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Verint Systems Inc provides customer engagement solutions worldwide. It offers various applications for use in Forecasting and Scheduling, which understands the work needed to meet and exceed customer expectations; Quality and Compliance that uses automation and analytics for customer interactions for attended and self-service channels; Interaction Insights, which extracts insights from structured and unstructured customer interactions and activities; Real-Time Work that supports in-the-moment workforce activities; Engagement Channels, an application for messaging, social, chat, email, and interactive voice response; Conversational AI, an intelligent virtual assistant application to enable human-like conversations across every channel; Engagement Orchestration, an application that improves employee efficiency, time to resolution, compliance, and customer satisfaction with workflows; Knowledge Management, which help agents to deliver stellar service with tools.