Fort Washington Investment Advisors Inc. OH Raises Stake in Verint Systems Inc. (NASDAQ:VRNT)

Fort Washington Investment Advisors Inc. OH boosted its position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 32.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 775,869 shares of the technology company's stock after purchasing an additional 189,860 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 1.25% of Verint Systems worth $21,298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of Verint Systems by 160.9% in the second quarter. Quarry LP now owns 793 shares of the technology company's stock worth $26,000 after buying an additional 489 shares during the period. Quantbot Technologies LP bought a new position in Verint Systems in the 3rd quarter valued at $58,000. CWM LLC increased its stake in Verint Systems by 135.0% in the third quarter. CWM LLC now owns 5,660 shares of the technology company's stock worth $143,000 after purchasing an additional 3,251 shares during the period. Central Pacific Bank Trust Division lifted its position in shares of Verint Systems by 29.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company's stock worth $194,000 after purchasing an additional 1,630 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Verint Systems during the second quarter valued at $202,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on VRNT. Wedbush reissued an "outperform" rating and issued a $38.00 price objective on shares of Verint Systems in a research report on Thursday, September 26th. Needham & Company LLC restated a "buy" rating and set a $40.00 price objective on shares of Verint Systems in a report on Friday, January 10th. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Verint Systems in a report on Wednesday, January 15th. Jefferies Financial Group raised their price target on Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a research note on Friday, December 6th. Finally, StockNews.com lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.67.

Verint Systems Stock Up 1.3 %

Shares of VRNT stock traded up $0.34 during mid-day trading on Thursday, hitting $25.49. 310,097 shares of the stock traded hands, compared to its average volume of 724,541. Verint Systems Inc. has a 52-week low of $21.27 and a 52-week high of $38.17. The stock has a market cap of $1.59 billion, a P/E ratio of 26.96, a P/E/G ratio of 1.07 and a beta of 1.24. 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 stock's fifty day moving average is $26.35 and its two-hundred day moving average is $27.49.

Insider Activity at Verint Systems

In related news, CFO Grant A. Highlander sold 12,880 shares of Verint Systems 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 completion of the sale, the chief financial officer now directly owns 117,137 shares in the company, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Fante sold 16,233 shares of the business'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 transaction of $446,732.16. Following the sale, the insider now directly owns 73,314 shares in the company, valued at approximately $2,017,601.28. This represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

About Verint Systems

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.