Oberweis Asset Management Inc. Acquires 51,700 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Oberweis Asset Management Inc. lifted its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 34.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,700 shares of the technology company's stock after purchasing an additional 51,700 shares during the quarter. Oberweis Asset Management Inc. owned 0.32% of Verint Systems worth $5,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Marshall Wace LLP bought a new position in shares of Verint Systems during the fourth quarter valued at $22,528,000. Arrowstreet Capital Limited Partnership lifted its stake in Verint Systems by 491.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company's stock valued at $20,985,000 after acquiring an additional 635,334 shares during the period. 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 worth $47,151,000 after acquiring an additional 486,000 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Verint Systems by 48.5% during the fourth 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. Finally, Dimensional Fund Advisors LP boosted its holdings in Verint Systems by 15.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company's stock worth $68,054,000 after purchasing an additional 338,454 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Price Performance

Shares of VRNT traded down $0.01 during mid-day trading on Monday, hitting $18.22. 780,812 shares of the stock were exchanged, compared to its average volume of 790,380. The firm has a 50-day moving average of $19.62 and a two-hundred day moving average of $23.35. Verint Systems Inc. has a 52-week low of $14.15 and a 52-week high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The company has a market cap of $1.13 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.28). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The business had revenue of $253.50 million for the quarter, compared to the consensus estimate of $276.82 million. During the same quarter last year, the business earned $1.07 EPS. Verint Systems's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities analysts predict that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Transactions at Verint Systems

In other news, insider Peter Fante sold 9,439 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the sale, the insider now directly owns 20,450 shares of the company's stock, valued at approximately $337,425. The trade was a 31.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $16.07, for a total transaction of $44,096.08. Following the sale, the director now owns 28,473 shares of the company's stock, valued at $457,561.11. The trade was 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.

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.