Verition Fund Management LLC Boosts Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Verition Fund Management LLC raised its stake in Verint Systems Inc. (NASDAQ:VRNT – Get Rating) by 41.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,557 shares of the technology company’s stock after acquiring an additional 3,665 shares during the quarter. Verition Fund Management LLC’s holdings in Verint Systems were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of VRNT. Pinebridge Investments L.P. lifted its stake in Verint Systems by 357.0% in the second quarter. Pinebridge Investments L.P. now owns 914 shares of the technology company’s stock valued at $39,000 after purchasing an additional 714 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Verint Systems in the 2nd quarter worth about $81,000. Neo Ivy Capital Management bought a new stake in Verint Systems in the 2nd quarter valued at about $150,000. Great West Life Assurance Co. Can lifted its holdings in Verint Systems by 14.5% during the first quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company’s stock valued at $190,000 after purchasing an additional 438 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in Verint Systems by 11.0% during the second quarter. Inspire Investing LLC now owns 5,056 shares of the technology company’s stock worth $214,000 after purchasing an additional 501 shares during the period. 99.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Royal Bank of Canada dropped their price target on shares of Verint Systems from $58.00 to $48.00 in a research note on Thursday, December 8th. Cowen decreased their price objective on Verint Systems from $75.00 to $50.00 in a research note on Thursday, December 8th. Wedbush cut their target price on Verint Systems from $56.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday, December 8th. Evercore ISI decreased their price target on Verint Systems to $50.00 in a research report on Monday, December 12th. Finally, Oppenheimer lowered their price target on shares of Verint Systems to $50.00 in a report on Monday, December 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.89.

Insider Activity

In related news, CEO Dan Bodner sold 5,879 shares of the stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $37.56, for a total transaction of $220,815.24. Following the sale, the chief executive officer now owns 1,054,273 shares in the company, valued at approximately $39,598,493.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Peter Fante sold 8,202 shares of the stock in a transaction that occurred on Thursday, December 22nd. The shares were sold at an average price of $35.11, for a total value of $287,972.22. Following the completion of the transaction, the insider now directly owns 38,766 shares of the company’s stock, valued at approximately $1,361,074.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dan Bodner sold 5,879 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $37.56, for a total value of $220,815.24. Following the completion of the transaction, the chief executive officer now owns 1,054,273 shares of the company’s stock, valued at $39,598,493.88. The disclosure for this sale can be found here. Insiders sold a total of 17,685 shares of company stock worth $644,154 over the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Verint Systems Stock Down 1.4 %

Verint Systems stock opened at $37.50 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of -101.35, a PEG ratio of 2.08 and a beta of 0.98. The stock has a fifty day simple moving average of $37.55 and a two-hundred day simple moving average of $37.79. Verint Systems Inc. has a 12 month low of $31.63 and a 12 month high of $56.39.

Verint Systems (NASDAQ:VRNT – Get Rating) last announced its earnings results on Wednesday, December 7th. The technology company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $225.62 million for the quarter, compared to analysts’ expectations of $227.43 million. Verint Systems had a positive return on equity of 12.88% and a negative net margin of 0.30%. Equities analysts predict that Verint Systems Inc. will post 1.54 EPS for the current fiscal year.

About Verint Systems

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Verint Systems, Inc engages in providing actionable intelligence. It operates through the following segments: Customer Engagement Solutions and Cyber Intelligence Solutions. The Customer Engagement segment includes customer-centric organizations optimize customer engagement, increase customer loyalty, and maximize revenue opportunities, while generating operational efficiencies, reducing cost, and mitigating risk.