Dana Investment Advisors Inc. Takes $6.91 Million Position in Verint Systems Inc. (NASDAQ:VRNT)

Dana Investment Advisors Inc. acquired a new position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 251,630 shares of the technology company's stock, valued at approximately $6,907,000. Dana Investment Advisors Inc. owned about 0.40% of Verint Systems as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new stake in Verint Systems during the 4th quarter valued at $43,000. Parkside Financial Bank & Trust bought a new stake in shares of Verint Systems in the fourth quarter worth $52,000. Quantbot Technologies LP purchased a new stake in Verint Systems during the third quarter valued at $58,000. KBC Group NV lifted its holdings in Verint Systems by 75.0% in the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company's stock valued at $93,000 after acquiring an additional 1,449 shares during the period. Finally, New York State Teachers Retirement System purchased a new stake in shares of Verint Systems during the 4th quarter valued at about $154,000. 94.95% of the stock is owned by institutional investors.

Verint Systems Price Performance

Shares of VRNT traded down $0.57 during mid-day trading on Monday, hitting $21.64. 756,837 shares of the stock were exchanged, compared to its average volume of 719,670. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The company has a market cap of $1.35 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. Verint Systems Inc. has a 52-week low of $21.00 and a 52-week high of $38.17. The firm has a 50-day moving average of $25.12 and a two-hundred day moving average of $25.58.

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Insiders Place Their Bets

In other news, insider Peter Fante sold 16,233 shares of the firm'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 completion of the sale, the insider now directly owns 73,314 shares of the company's stock, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Grant A. Highlander sold 12,880 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 117,137 shares in the company, valued at approximately $3,426,257.25. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on VRNT shares. StockNews.com lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Needham & Company LLC reiterated a "buy" rating and set a $40.00 target price on shares of Verint Systems in a research report on Friday, January 10th. Jefferies Financial Group boosted their price target on Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a report on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price objective on shares of Verint Systems in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.67.

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.