Global Alpha Capital Management Ltd. Raises Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Global Alpha Capital Management Ltd. boosted its holdings in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 39.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,717,703 shares of the technology company's stock after acquiring an additional 486,000 shares during the quarter. Verint Systems accounts for approximately 3.4% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 6th largest position. Global Alpha Capital Management Ltd. owned approximately 2.76% of Verint Systems worth $47,151,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Plato Investment Management Ltd purchased a new position in shares of Verint Systems during the 4th quarter worth $43,000. Parkside Financial Bank & Trust purchased a new position in Verint Systems during the fourth quarter valued at $52,000. Quantbot Technologies LP bought a new stake in Verint Systems during the third quarter valued at about $58,000. KBC Group NV increased its position in Verint Systems by 75.0% in the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company's stock worth $93,000 after buying an additional 1,449 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Verint Systems in the fourth quarter worth about $154,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on VRNT shares. StockNews.com downgraded shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. 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 Wednesday, January 15th. Jefferies Financial Group upped their price target on Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a research note on Friday, December 6th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $40.00 target price on shares of Verint Systems in a report on Friday, January 10th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Verint Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.67.

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Insiders Place Their Bets

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the firm's stock in a transaction dated 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 owns 117,137 shares of the company's stock, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter Fante sold 16,233 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 73,314 shares in the company, valued at approximately $2,017,601.28. The trade was 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 currently owned by insiders.

Verint Systems Price Performance

Verint Systems stock traded down $0.05 during mid-day trading on Wednesday, reaching $21.35. 717,536 shares of the company's stock traded hands, compared to its average volume of 719,428. The stock has a 50 day moving average of $24.88 and a two-hundred day moving average of $25.42. Verint Systems Inc. has a 12-month low of $21.13 and a 12-month high of $38.17. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 0.97 and a beta of 1.29.

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.