Verint Systems Inc. (NASDAQ:VRNT) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,394 shares of the technology company's stock after buying an additional 13,703 shares during the period. Bank of New York Mellon Corp owned about 0.41% of Verint Systems worth $6,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in Verint Systems during the third quarter valued at $58,000. KBC Group NV lifted its stake in Verint Systems by 75.0% in the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company's stock valued at $93,000 after buying an additional 1,449 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in Verint Systems in the 4th quarter worth about $154,000. Central Pacific Bank Trust Division increased its stake in Verint Systems by 29.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company's stock worth $194,000 after buying an additional 1,630 shares in the last quarter. Finally, FMR LLC increased its stake in Verint Systems by 312.3% during the 3rd quarter. FMR LLC now owns 10,065 shares of the technology company's stock worth $255,000 after buying an additional 7,624 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

Verint Systems Trading Up 2.1 %

Shares of Verint Systems stock traded up $0.47 during mid-day trading on Wednesday, hitting $22.49. The stock had a trading volume of 270,628 shares, compared to its average volume of 721,574. The firm has a market cap of $1.40 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $24.39 and a two-hundred day moving average of $25.05. Verint Systems Inc. has a 12-month low of $20.67 and a 12-month high of $38.17.

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Analysts Set New Price Targets

VRNT has been the topic of a number of research analyst reports. StockNews.com raised Verint Systems from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 target price on shares of Verint Systems in a research note on Wednesday, January 15th. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 target price on shares of Verint Systems in a research report on Friday, January 10th. Finally, Jefferies Financial Group boosted their price target on shares of Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Verint Systems currently has a consensus rating of "Moderate Buy" and an average target price of $35.67.

Insider Buying and Selling

In other Verint Systems news, insider Peter Fante sold 16,233 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total value of $446,732.16. Following the sale, the insider now owns 73,314 shares of the company's stock, valued at $2,017,601.28. The trade was a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.70% of the company's stock.

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.