Verint Systems Inc. (NASDAQ:VRNT) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 56.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 16,443 shares of the technology company's stock after selling 21,383 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Verint Systems were worth $416,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VRNT. Victory Capital Management Inc. lifted its stake in shares of Verint Systems by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company's stock valued at $133,412,000 after purchasing an additional 232,499 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of 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 worth $61,792,000 after acquiring an additional 73,441 shares in the last quarter. 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 valued at $38,411,000 after acquiring an additional 317,804 shares during the period. Global Alpha Capital Management Ltd. increased its stake in shares of Verint Systems by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company's stock valued at $31,199,000 after purchasing an additional 227,000 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in shares of Verint Systems by 35.1% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company's stock valued at $26,242,000 after purchasing an additional 211,570 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

Verint Systems Price Performance

Shares of NASDAQ:VRNT traded up $0.61 during midday trading on Friday, hitting $25.20. The company's stock had a trading volume of 357,990 shares, compared to its average volume of 640,836. The company has a market cap of $1.56 billion, a P/E ratio of 37.61, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25. Verint Systems Inc. has a 12-month low of $21.27 and a 12-month high of $38.17. The business's 50 day simple moving average is $23.62 and its 200 day simple moving average is $29.03. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share 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 company had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The company's revenue for the quarter was up .0% on a year-over-year basis. On average, analysts forecast that Verint Systems Inc. will post 1.97 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on VRNT. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price objective on shares of Verint Systems in a report on Thursday, September 5th. TD Cowen cut their price target on shares of Verint Systems from $40.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price objective on shares of Verint Systems in a report on Wednesday, September 25th. Evercore ISI dropped 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 research report on Thursday, September 5th. Finally, Jefferies Financial Group reduced their price target on shares of Verint Systems from $32.00 to $28.00 and set a "hold" rating for the company in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.67.

Insiders Place Their Bets

In other news, insider Peter Fante sold 6,330 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $163,630.50. Following the completion of the transaction, the insider now directly owns 91,334 shares in the company, valued at approximately $2,360,983.90. This represents a 6.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Grant A. Highlander sold 3,389 shares of the firm'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 $87,605.65. Following the sale, the chief financial officer now directly owns 131,267 shares of the company's stock, valued at $3,393,251.95. The trade was 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 valued at $874,014 over the last ninety days. Company insiders own 1.70% of the company's stock.

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.