25,800 Shares in Verint Systems Inc. (NASDAQ:VRNT) Acquired by LSV Asset Management

LSV Asset Management purchased a new position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 25,800 shares of the technology company's stock, valued at approximately $708,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Global Alpha Capital Management Ltd. grew its stake in shares of Verint Systems by 39.5% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company's stock valued at $47,151,000 after buying an additional 486,000 shares in the last quarter. State Street Corp grew its position in shares of Verint Systems by 1.5% in the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock valued at $39,864,000 after acquiring an additional 23,400 shares during the period. Geode Capital Management LLC increased its stake in shares of Verint Systems by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company's stock worth $38,004,000 after purchasing an additional 4,034 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of Verint Systems by 2.4% in the 4th quarter. William Blair Investment Management LLC now owns 1,406,682 shares of the technology company's stock valued at $38,613,000 after purchasing an additional 32,682 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Verint Systems by 48.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company's stock valued at $34,683,000 after purchasing an additional 412,655 shares during the last quarter. Institutional investors own 94.95% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on VRNT. Evercore ISI lowered their price target on Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada reduced their price objective on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. StockNews.com lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Wedbush lowered their price target on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Finally, Needham & Company LLC reduced their price objective on Verint Systems from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.33.

Verint Systems Price Performance

Verint Systems stock traded up $0.03 during mid-day trading on Friday, reaching $15.99. 814,927 shares of the company were exchanged, compared to its average volume of 780,900. The firm has a market cap of $993.59 million, a PE ratio of 17.01, a PEG ratio of 0.97 and a beta of 1.31. The company has a fifty day simple moving average of $20.73 and a 200-day simple moving average of $23.64. Verint Systems Inc. has a 12 month low of $14.15 and a 12 month high of $38.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.28). The firm had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. Verint Systems's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 earnings per share. As a group, equities research analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Verint Systems

In other news, insider Peter Fante sold 9,439 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the transaction, the insider now directly owns 20,450 shares in the company, valued at approximately $337,425. This represents a 31.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Gold sold 2,744 shares of the business's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the sale, the director now owns 28,473 shares in the company, valued at $457,561.11. This represents a 8.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

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.