Verint Systems Inc. (NASDAQ:VRNT) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 26.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,516,409 shares of the technology company's stock after buying an additional 317,804 shares during the period. Fisher Asset Management LLC owned approximately 2.45% of Verint Systems worth $38,411,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of VRNT. Quarry LP increased its position in Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company's stock valued at $26,000 after acquiring an additional 489 shares during the last quarter. Innealta Capital LLC purchased a new stake in Verint Systems in the 2nd quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Verint Systems in the second quarter worth about $43,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Verint Systems during the second quarter valued at approximately $138,000. Finally, CWM LLC grew its stake in shares of Verint Systems by 135.0% during the third quarter. CWM LLC now owns 5,660 shares of the technology company's stock valued at $143,000 after buying an additional 3,251 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. TD Cowen decreased their price target on Verint Systems from $40.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 target price on shares of Verint Systems in a research note on Thursday, September 5th. Evercore ISI reduced their price target on shares of Verint Systems from $34.00 to $30.00 and set an "in-line" rating on the stock in a research note on Thursday, September 5th. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price objective on shares of Verint Systems in a report on Wednesday, September 25th. Finally, Wedbush restated an "outperform" rating and issued a $38.00 target price on shares of Verint Systems in a research note on Thursday, September 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Verint Systems presently has a consensus rating of "Moderate Buy" and an average price target of $34.67.

Insider Activity at Verint Systems

In related news, CEO Dan Bodner sold 16,932 shares of the company's 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 transaction, the chief executive officer now directly owns 592,832 shares of the company's stock, valued at $15,324,707.20. This represents a 2.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Grant A. Highlander sold 3,389 shares of the 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 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 sold 33,811 shares of company stock valued at $874,014 over the last 90 days. Insiders own 1.70% of the company's stock.

Verint Systems Stock Up 1.1 %

Shares of NASDAQ:VRNT traded up $0.27 during trading hours on Wednesday, hitting $24.66. The company's stock had a trading volume of 223,129 shares, compared to its average volume of 668,651. The firm's fifty day moving average price is $23.68 and its 200 day moving average price is $29.16. Verint Systems Inc. has a 52 week low of $21.27 and a 52 week high of $38.17. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 36.81, a P/E/G ratio of 1.05 and a beta of 1.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $212.81 million. During the same quarter in the prior year, the company earned $0.22 EPS. The firm's quarterly revenue was up .0% on a year-over-year basis. As a group, research analysts expect that Verint Systems Inc. will post 1.97 EPS for the current 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.