Allspring Global Investments Holdings LLC Boosts Position in Verint Systems Inc. (NASDAQ:VRNT)

Allspring Global Investments Holdings LLC lifted its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,192 shares of the technology company's stock after purchasing an additional 27,259 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.18% of Verint Systems worth $3,065,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lingohr Asset Management GmbH boosted its stake in Verint Systems by 3.7% in the 3rd quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company's stock worth $507,000 after purchasing an additional 712 shares in the last quarter. KBC Group NV raised its holdings in Verint Systems by 75.0% in the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company's stock worth $93,000 after acquiring an additional 1,449 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in Verint Systems by 29.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company's stock worth $194,000 after acquiring an additional 1,630 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Verint Systems by 4.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 42,676 shares of the technology company's stock valued at $1,081,000 after purchasing an additional 1,691 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Verint Systems by 18.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,858 shares of the technology company's stock worth $376,000 after purchasing an additional 2,272 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

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Insider Buying and Selling

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the transaction, the chief financial officer now directly owns 117,137 shares of the company's stock, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Peter Fante sold 16,233 shares of the company's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $27.52, for a total transaction of $446,732.16. Following the sale, the insider now owns 73,314 shares in the company, valued at $2,017,601.28. This represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on VRNT. StockNews.com cut Verint Systems from a "buy" rating to a "hold" rating in a research report on Sunday. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price objective on shares of Verint Systems in a research report on Wednesday, January 15th. Jefferies Financial Group lifted their price objective on Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a report on Friday, December 6th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $40.00 target price on shares of Verint Systems in a research report on Friday, January 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.67.

Verint Systems Price Performance

Shares of VRNT traded down $0.49 during trading hours on Tuesday, reaching $23.86. 485,512 shares of the stock traded hands, compared to its average volume of 568,923. The company has a market cap of $1.49 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company's 50-day moving average price is $25.92 and its two-hundred day moving average price is $26.14. Verint Systems Inc. has a 52-week low of $21.27 and a 52-week high of $38.17.

Verint Systems Company 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.