Verint Systems Inc. (NASDAQ:VRNT) Stock Position Lowered by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,466,096 shares of the technology company's stock after selling 50,313 shares during the quarter. Fisher Asset Management LLC owned about 2.35% of Verint Systems worth $40,244,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VRNT. Parkside Financial Bank & Trust acquired a new position in shares of Verint Systems during the fourth quarter valued at $52,000. Quantbot Technologies LP acquired a new position in Verint Systems during the 3rd quarter valued at about $58,000. KBC Group NV grew its position in Verint Systems by 75.0% in the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company's stock worth $93,000 after purchasing an additional 1,449 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Verint Systems in the fourth quarter valued at approximately $154,000. Finally, Central Pacific Bank Trust Division increased its stake in shares of Verint Systems by 29.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company's stock valued at $194,000 after purchasing an additional 1,630 shares during the period. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Price Performance

VRNT stock traded down $0.64 during trading hours on Thursday, hitting $21.70. 94,227 shares of the stock traded hands, compared to its average volume of 714,025. The stock has a 50-day simple moving average of $25.43 and a 200 day simple moving average of $25.81. The company has a market cap of $1.35 billion, a P/E ratio of 23.27, a P/E/G ratio of 0.97 and a beta of 1.24. Verint Systems Inc. has a one year low of $21.28 and a one year high of $38.17. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on VRNT shares. Jefferies Financial Group increased their price objective on Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a report on Friday, December 6th. StockNews.com cut Verint Systems from a "buy" rating to a "hold" rating in a research note on Tuesday. Needham & Company LLC restated a "buy" rating and set a $40.00 price objective on shares of Verint Systems in a research note on Friday, January 10th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of Verint Systems in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Verint Systems has an average rating of "Moderate Buy" and a consensus target price of $35.67.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total value of $376,740.00. Following the transaction, the chief financial officer now owns 117,137 shares of the company's stock, valued at approximately $3,426,257.25. This represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Fante sold 16,233 shares of the firm's stock in a transaction 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 sale, the insider now directly owns 73,314 shares of the company's stock, valued at approximately $2,017,601.28. This represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

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.