Ieq Capital LLC Takes Position in Verint Systems Inc. (NASDAQ:VRNT)

Ieq Capital LLC acquired a new position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,528 shares of the technology company's stock, valued at approximately $618,000.

Several other large investors also recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in shares of Verint Systems in the 4th quarter valued at about $154,000. Allspring Global Investments Holdings LLC grew its stake in shares of Verint Systems by 32.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 112,192 shares of the technology company's stock valued at $3,065,000 after buying an additional 27,259 shares during the period. Choreo LLC grew its stake in shares of Verint Systems by 29.5% in the 4th quarter. Choreo LLC now owns 18,500 shares of the technology company's stock valued at $508,000 after buying an additional 4,209 shares during the period. E. Ohman J or Asset Management AB boosted its stake in Verint Systems by 14.9% during the 4th quarter. E. Ohman J or Asset Management AB now owns 50,800 shares of the technology company's stock valued at $1,394,000 after purchasing an additional 6,600 shares during the last quarter. Finally, KBC Group NV boosted its stake in Verint Systems by 75.0% during the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company's stock valued at $93,000 after purchasing an additional 1,449 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Verint Systems Stock Performance

Shares of NASDAQ:VRNT traded up $0.19 during mid-day trading on Friday, reaching $22.57. The company had a trading volume of 635,159 shares, compared to its average volume of 713,651. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 0.97 and a beta of 1.24. The company's 50-day moving average price is $25.63 and its 200-day moving average price is $26.04. Verint Systems Inc. has a one year low of $21.28 and a one year high of $38.17.

Remove Ads

Insider Buying and Selling

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total transaction of $376,740.00. Following the sale, the chief financial officer now owns 117,137 shares of the company's stock, valued at $3,426,257.25. The trade was a 9.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Peter Fante sold 16,233 shares of the business's stock in a transaction on Thursday, December 19th. The shares were 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 $2,017,601.28. The trade was 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 insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VRNT. StockNews.com downgraded Verint Systems from a "buy" rating to a "hold" rating in a research note on Sunday, February 23rd. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price target on shares of Verint Systems in a research note on Friday, January 10th. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 target price on shares of Verint Systems in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group boosted their target price on Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a research note on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Verint Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.67.

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.