Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Verint Systems Inc. (NASDAQ:VRNT) by 12.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,165 shares of the technology company’s stock after purchasing an additional 1,435 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Verint Systems were worth $356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. RGM Capital LLC increased its stake in Verint Systems by 1.4% during the 3rd quarter. RGM Capital LLC now owns 3,011,394 shares of the technology company’s stock valued at $69,232,000 after purchasing an additional 42,732 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Verint Systems by 6.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock worth $58,106,000 after acquiring an additional 154,285 shares during the last quarter. William Blair Investment Management LLC lifted its position in Verint Systems by 8.9% during the 3rd quarter. William Blair Investment Management LLC now owns 1,035,957 shares of the technology company’s stock worth $23,817,000 after acquiring an additional 84,911 shares during the period. Fort Washington Investment Advisors Inc. OH grew its stake in Verint Systems by 56.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock valued at $17,772,000 after purchasing an additional 235,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Verint Systems by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 591,511 shares of the technology company’s stock valued at $13,599,000 after purchasing an additional 24,473 shares during the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Stock Performance

Shares of NASDAQ VRNT opened at $31.25 on Friday. Verint Systems Inc. has a 1 year low of $18.41 and a 1 year high of $40.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37. The company’s fifty day moving average price is $30.91 and its 200 day moving average price is $27.68. The company has a market capitalization of $1.95 billion, a PE ratio of 107.76, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. The business had revenue of $265.22 million for the quarter, compared to analyst estimates of $261.45 million. Verint Systems had a net margin of 4.24% and a return on equity of 16.60%. On average, research analysts predict that Verint Systems Inc. will post 1.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VRNT. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a report on Thursday, March 28th. TheStreet raised shares of Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.20.

Insider Buying and Selling

In other Verint Systems news, CEO Dan Bodner sold 33,472 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $31.29, for a total transaction of $1,047,338.88. Following the transaction, the chief executive officer now directly owns 860,630 shares of the company’s stock, valued at $26,929,112.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Grant A. Highlander sold 2,062 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $30.09, for a total value of $62,045.58. Following the completion of the transaction, the chief financial officer now directly owns 82,442 shares of the company’s stock, valued at approximately $2,480,679.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dan Bodner sold 33,472 shares of Verint Systems stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total transaction of $1,047,338.88. Following the sale, the chief executive officer now directly owns 860,630 shares in the company, valued at approximately $26,929,112.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,988 shares of company stock valued at $4,873,715. 2.20% of the stock is owned by corporate insiders.

About Verint Systems

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.