Quest Partners LLC Purchases 23,191 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Quest Partners LLC raised its position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 1,057.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,385 shares of the technology company's stock after purchasing an additional 23,191 shares during the quarter. Quest Partners LLC's holdings in Verint Systems were worth $643,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Gladius Capital Management LP lifted its stake in Verint Systems by 96.7% in the 3rd quarter. Gladius Capital Management LP now owns 26,991 shares of the technology company's stock worth $684,000 after acquiring an additional 13,267 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Verint Systems by 3.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 84,111 shares of the technology company's stock valued at $2,131,000 after buying an additional 2,894 shares during the period. Cannon Global Investment Management LLC acquired a new stake in shares of Verint Systems during the 3rd quarter valued at $519,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Verint Systems by 3.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 189,512 shares of the technology company's stock worth $4,822,000 after acquiring an additional 5,928 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Verint Systems during the third quarter valued at $2,122,000. Hedge funds and other institutional investors own 94.95% of the company's stock.

Verint Systems Price Performance

Shares of VRNT stock opened at $24.43 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. The stock's fifty day simple moving average is $23.75 and its 200 day simple moving average is $29.28. 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 $1.51 billion, a price-to-earnings ratio of 36.46, a P/E/G ratio of 1.01 and a beta of 1.25.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). The firm had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the business earned $0.22 EPS. On average, analysts expect that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Grant A. Highlander sold 3,389 shares of Verint Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $87,605.65. Following the completion of the transaction, the chief financial officer now directly owns 131,267 shares of the company's stock, valued at $3,393,251.95. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Peter Fante sold 6,330 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $163,630.50. Following the sale, the insider now directly owns 91,334 shares in the company, valued at approximately $2,360,983.90. This represents a 6.48 % 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 worth $874,014. Insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VRNT. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price target on shares of Verint Systems in a research note on Wednesday, September 25th. TD Cowen decreased their price target on shares of Verint Systems from $40.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Jefferies Financial Group dropped their price objective on Verint Systems from $32.00 to $28.00 and set a "hold" rating on the stock in a research note on Thursday, September 5th. Royal Bank of Canada restated an "outperform" rating and set a $36.00 target price on shares of Verint Systems in a research note on Thursday, September 5th. Finally, StockNews.com raised Verint Systems from a "hold" rating to a "buy" rating in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Verint Systems presently has a consensus rating of "Moderate Buy" and an average target price of $34.67.

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.