Verint Systems Inc. (NASDAQ:VRNT) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 141.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,266 shares of the technology company's stock after buying an additional 88,616 shares during the period. BNP Paribas Financial Markets owned about 0.24% of Verint Systems worth $3,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in VRNT. Quarry LP boosted its stake in Verint Systems by 160.9% during the 2nd quarter. Quarry LP now owns 793 shares of the technology company's stock worth $26,000 after purchasing an additional 489 shares during the last quarter. Innealta Capital LLC acquired a new stake in Verint Systems during the second quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Verint Systems during the second quarter worth about $43,000. Quantbot Technologies LP acquired a new position in Verint Systems in the 3rd quarter valued at about $58,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Verint Systems in the 2nd quarter valued at approximately $138,000. Institutional investors and hedge funds own 94.95% of the company's stock.

Analyst Upgrades and Downgrades

VRNT has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price target on shares of Verint Systems in a research note on Thursday. Wedbush restated an "outperform" rating and issued a $38.00 price objective on shares of Verint Systems in a report on Thursday, September 26th. Evercore ISI reduced their target price on shares of Verint Systems from $34.00 to $30.00 and set an "in-line" rating on the stock in a report on Thursday, September 5th. Needham & Company LLC restated a "buy" rating and issued a $40.00 price target on shares of Verint Systems in a research note on Thursday. Finally, Jefferies Financial Group reduced their price objective on Verint Systems from $32.00 to $28.00 and set a "hold" rating on the stock in a research note on Thursday, September 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.67.

Insider Buying and Selling at Verint Systems

In other news, insider Peter Fante sold 6,330 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $163,630.50. Following the completion of the sale, the insider now directly owns 91,334 shares of the company's stock, valued at approximately $2,360,983.90. The trade was a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Grant A. Highlander sold 3,389 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $87,605.65. Following the completion of the sale, the chief financial officer now directly owns 131,267 shares of the company's stock, valued at approximately $3,393,251.95. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,811 shares of company stock worth $874,014 over the last three months. Insiders own 1.70% of the company's stock.

Verint Systems Stock Up 23.1 %

Shares of Verint Systems stock traded up $5.99 during trading on Thursday, hitting $31.96. 7,178,093 shares of the stock were exchanged, compared to its average volume of 703,468. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. The firm's 50-day moving average price is $23.62 and its 200 day moving average price is $28.87. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 50.40, a price-to-earnings-growth ratio of 1.03 and a beta of 1.28. Verint Systems Inc. has a 12-month low of $21.27 and a 12-month high of $38.17.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The business had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. During the same period in the prior year, the company posted $0.22 earnings per share. The company's revenue was up .0% compared to the same quarter last year. As a group, analysts forecast that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Verint Systems 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.