JPMorgan Chase & Co. lowered its holdings in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 290,763 shares of the technology company's stock after selling 19,774 shares during the quarter. JPMorgan Chase & Co. owned about 0.47% of Verint Systems worth $7,365,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of VRNT. Quarry LP increased its position in shares of Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company's stock worth $26,000 after acquiring an additional 489 shares in the last quarter. Quantbot Technologies LP bought a new stake in Verint Systems during the 3rd quarter worth approximately $58,000. CWM LLC raised its stake in shares of 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 last quarter. Algert Global LLC purchased a new stake in shares of Verint Systems in the second quarter worth approximately $202,000. Finally, Seven Eight Capital LP bought a new position in shares of Verint Systems in the second quarter valued at approximately $300,000. Institutional investors and hedge funds own 94.95% of the company's stock.
Verint Systems Stock Performance
Shares of NASDAQ:VRNT traded down $0.80 during mid-day trading on Wednesday, reaching $25.08. The company had a trading volume of 1,059,579 shares, compared to its average volume of 791,557. The company's 50-day moving average price is $26.34 and its 200-day moving average price is $27.77. Verint Systems Inc. has a one year low of $21.27 and a one year high of $38.17. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.25 and a beta of 1.24. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.
Insider Buying and Selling at Verint Systems
In related news, insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total value of $446,732.16. Following the completion of the transaction, the insider now directly owns 73,314 shares in the company, valued at approximately $2,017,601.28. The trade was a 18.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Grant A. Highlander sold 12,880 shares of the 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 sale, the chief financial officer now owns 117,137 shares in the company, valued at approximately $3,426,257.25. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on VRNT shares. Jefferies Financial Group increased their price target on Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a research report on Friday, December 6th. StockNews.com raised shares of Verint Systems from a "hold" rating to a "buy" rating in a research report on Monday, January 6th. Needham & Company LLC restated a "buy" rating and set a $40.00 price target 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 price objective on shares of Verint Systems in a research note on Wednesday. Finally, Wedbush reaffirmed an "outperform" rating and issued a $38.00 target price on shares of Verint Systems in a report on Thursday, September 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.67.
View Our Latest Stock Analysis on VRNT
Verint Systems Company Profile
(
Free Report)
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.
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