Robeco Institutional Asset Management B.V. Sells 22,848 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Robeco Institutional Asset Management B.V. decreased its position in Verint Systems Inc. (NASDAQ:VRNT – Get Rating) by 4.5% during the third quarter, HoldingsChannel.com reports. The firm owned 485,079 shares of the technology company’s stock after selling 22,848 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Verint Systems were worth $16,290,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Macquarie Group Ltd. increased its position in shares of Verint Systems by 554.3% during the 2nd quarter. Macquarie Group Ltd. now owns 1,255,002 shares of the technology company’s stock valued at $53,149,000 after purchasing an additional 1,063,190 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Verint Systems by 15.8% during the 3rd quarter. Victory Capital Management Inc. now owns 3,821,166 shares of the technology company’s stock valued at $128,314,000 after purchasing an additional 521,003 shares during the last quarter. Deutsche Bank AG increased its position in shares of Verint Systems by 61.4% during the 2nd quarter. Deutsche Bank AG now owns 1,333,525 shares of the technology company’s stock valued at $56,475,000 after purchasing an additional 507,146 shares during the last quarter. Cardinal Capital Management LLC CT increased its position in shares of Verint Systems by 12.7% during the 3rd quarter. Cardinal Capital Management LLC CT now owns 2,475,476 shares of the technology company’s stock valued at $83,126,000 after purchasing an additional 278,706 shares during the last quarter. Finally, Phoenix Holdings Ltd. increased its position in shares of Verint Systems by 33.5% during the 3rd quarter. Phoenix Holdings Ltd. now owns 1,066,731 shares of the technology company’s stock valued at $36,644,000 after purchasing an additional 267,386 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Verint Systems Trading Down 2.5 %

Shares of VRNT opened at $35.90 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.38 and a quick ratio of 1.36. Verint Systems Inc. has a 1 year low of $31.63 and a 1 year high of $56.39. The company has a 50 day simple moving average of $37.56 and a two-hundred day simple moving average of $37.31. The firm has a market cap of $2.36 billion, a P/E ratio of -97.03, a price-to-earnings-growth ratio of 1.97 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on VRNT shares. Oppenheimer reduced their price target on shares of Verint Systems to $50.00 in a research report on Monday, December 12th. Wedbush reduced their price target on shares of Verint Systems from $56.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, December 8th. Jefferies Financial Group lowered shares of Verint Systems from a “buy” rating to a “hold” rating and reduced their target price for the stock from $45.00 to $40.00 in a report on Thursday, January 5th. StockNews.com started coverage on shares of Verint Systems in a report on Thursday. They issued a “hold” rating for the company. Finally, Cowen reduced their target price on shares of Verint Systems from $75.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday, December 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.89.

Insider Buying and Selling at Verint Systems

In other Verint Systems 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 transaction of $287,972.22. Following the completion of the sale, 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 SEC, which is available at this link. Insiders own 2.40% of the company’s stock.

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.