Intech Investment Management LLC Makes New $571,000 Investment in Verint Systems Inc. (NASDAQ:VRNT)

Intech Investment Management LLC purchased a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,547 shares of the technology company's stock, valued at approximately $571,000.

Other institutional investors have also recently bought and sold shares of the company. Global Alpha Capital Management Ltd. boosted its position in Verint Systems by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company's stock worth $31,199,000 after purchasing an additional 227,000 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in Verint Systems during the third quarter worth about $1,932,000. Banque Cantonale Vaudoise raised its position in shares of Verint Systems by 5.6% in the third quarter. Banque Cantonale Vaudoise now owns 58,306 shares of the technology company's stock valued at $1,477,000 after purchasing an additional 3,083 shares during the period. Lingohr Asset Management GmbH lifted its stake in shares of Verint Systems by 3.7% during the 3rd quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company's stock valued at $507,000 after buying an additional 712 shares in the last quarter. Finally, Quest Partners LLC grew its stake in Verint Systems by 1,057.0% in the 3rd quarter. Quest Partners LLC now owns 25,385 shares of the technology company's stock valued at $643,000 after buying an additional 23,191 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 price target on shares of Verint Systems in a research report on Wednesday, September 25th. TD Cowen decreased their target price on shares of Verint Systems from $40.00 to $36.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price target on shares of Verint Systems in a report on Thursday, September 5th. StockNews.com upgraded Verint Systems from a "hold" rating to a "buy" rating in a research report on Thursday, September 5th. Finally, Evercore ISI reduced their target price on Verint Systems from $34.00 to $30.00 and set an "in-line" rating for the company in a research report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.67.

Insider Buying and Selling at Verint Systems

In related news, 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 transaction of $87,605.65. Following the sale, the chief financial officer now directly owns 131,267 shares of the company's stock, valued at approximately $3,393,251.95. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dan Bodner sold 16,932 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $437,692.20. Following the sale, the chief executive officer now directly owns 592,832 shares of the company's stock, valued at $15,324,707.20. This trade represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,811 shares of company stock valued at $874,014. 1.70% of the stock is currently owned by company insiders.

Verint Systems Trading Down 1.9 %

NASDAQ:VRNT traded down $0.49 during mid-day trading on Monday, reaching $24.71. 981,500 shares of the company's stock traded hands, compared to its average volume of 669,921. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 1.07 and a beta of 1.28. Verint Systems Inc. has a 12-month low of $21.27 and a 12-month high of $38.17. The company has a 50 day moving average price of $23.62 and a 200-day moving average price of $29.00. 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 issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $210.17 million during the quarter, compared to the consensus estimate of $212.81 million. Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 earnings per share. On average, sell-side analysts predict that Verint Systems Inc. will post 1.97 earnings per share for the current year.

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.