Verint Systems Inc. (NASDAQ:VRNT) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. increased its position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,189,091 shares of the technology company's stock after buying an additional 159,905 shares during the period. Prudential Financial Inc. owned about 1.91% of Verint Systems worth $32,641,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in VRNT. Plato Investment Management Ltd purchased a new position in Verint Systems during the 4th quarter valued at about $43,000. Parkside Financial Bank & Trust purchased a new position in Verint Systems during the fourth quarter valued at approximately $52,000. PNC Financial Services Group Inc. increased its holdings in Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock valued at $54,000 after buying an additional 613 shares during the period. Quantbot Technologies LP bought a new position in Verint Systems in the third quarter worth approximately $58,000. Finally, KBC Group NV lifted its holdings in Verint Systems by 75.0% during the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company's stock worth $93,000 after buying an additional 1,449 shares during the period. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Stock Down 4.7 %

Shares of VRNT traded down $0.88 during mid-day trading on Friday, hitting $17.85. 1,453,274 shares of the company traded hands, compared to its average volume of 754,792. The company has a market capitalization of $1.11 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average of $23.75 and a 200 day moving average of $24.67. Verint Systems Inc. has a 1-year low of $17.64 and a 1-year high of $38.17.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VRNT shares. Wedbush decreased their price objective on Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday. Evercore ISI decreased their price target on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research report on Thursday. Jefferies Financial Group lifted their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a research report on Friday, December 6th. StockNews.com lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, Needham & Company LLC lowered their target price on shares of Verint Systems from $40.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.33.

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.