Disciplined Growth Investors Inc. MN Makes New $5.08 Million Investment in Verint Systems Inc. (NASDAQ:VRNT)

Disciplined Growth Investors Inc. MN purchased a new position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 200,673 shares of the technology company's stock, valued at approximately $5,083,000. Disciplined Growth Investors Inc. MN owned 0.32% of Verint Systems at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRNT. Victory Capital Management Inc. raised its stake in shares of Verint Systems by 5.9% during the second quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company's stock valued at $133,412,000 after acquiring an additional 232,499 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Verint Systems by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,918,925 shares of the technology company's stock valued at $61,792,000 after purchasing an additional 73,441 shares in the last quarter. State Street Corp lifted its holdings in shares of Verint Systems by 1.5% in the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock worth $39,864,000 after buying an additional 23,400 shares during the period. Fisher Asset Management LLC grew its position in shares of Verint Systems by 26.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company's stock worth $38,411,000 after buying an additional 317,804 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. increased its stake in shares of Verint Systems by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company's stock valued at $31,199,000 after buying an additional 227,000 shares during the period. Institutional investors own 94.95% of the company's stock.

Verint Systems Stock Performance

VRNT traded down $0.48 during trading on Tuesday, reaching $30.08. 362,283 shares of the company's stock were exchanged, compared to its average volume of 707,889. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The company's fifty day simple moving average is $23.96 and its 200-day simple moving average is $28.85. Verint Systems Inc. has a 1 year low of $21.27 and a 1 year high of $38.17. The stock has a market capitalization of $1.87 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and set a $40.00 target price on shares of Verint Systems in a report on Thursday, December 5th. TD Cowen lowered their target price on shares of Verint Systems from $40.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. StockNews.com raised Verint Systems from a "hold" rating to a "buy" rating in a research report on Thursday, September 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 target price on shares of Verint Systems in a research report on Thursday, December 5th. Finally, Wedbush reissued an "outperform" rating and issued a $38.00 price target on shares of Verint Systems in a report on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.67.

Insider Activity at Verint Systems

In other Verint Systems news, 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 transaction, the chief financial officer now owns 131,267 shares in the company, valued at approximately $3,393,251.95. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dan Bodner sold 16,932 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $437,692.20. Following the sale, the chief executive officer now directly owns 592,832 shares in the company, valued at approximately $15,324,707.20. The trade was a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,811 shares of company stock worth $874,014. 1.70% of the stock is owned by corporate insiders.

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.