Senvest Management LLC Sells 2,364,986 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Senvest Management LLC lessened its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 62.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,445,230 shares of the technology company's stock after selling 2,364,986 shares during the quarter. Verint Systems makes up approximately 1.3% of Senvest Management LLC's portfolio, making the stock its 23rd largest holding. Senvest Management LLC owned 2.33% of Verint Systems worth $36,608,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VRNT. Charles Schwab Investment Management Inc. raised its stake in shares of Verint Systems by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 651,741 shares of the technology company's stock valued at $16,509,000 after acquiring an additional 7,409 shares in the last quarter. Intech Investment Management LLC acquired a new position in Verint Systems during the third quarter valued at approximately $571,000. Global Alpha Capital Management Ltd. raised its position in shares of Verint Systems by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company's stock valued at $31,199,000 after purchasing an additional 227,000 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Verint Systems in the third quarter worth $1,932,000. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of Verint Systems by 5.6% during the 3rd quarter. Banque Cantonale Vaudoise now owns 58,306 shares of the technology company's stock worth $1,477,000 after buying an additional 3,083 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VRNT. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 target price on shares of Verint Systems in a report on Wednesday, September 25th. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 price objective on shares of Verint Systems in a research report on Thursday, September 5th. Evercore ISI lowered their target price on Verint Systems from $34.00 to $30.00 and set an "in-line" rating on the stock in a report on Thursday, September 5th. Wedbush reiterated an "outperform" rating and set a $38.00 price target on shares of Verint Systems in a report on Thursday, September 26th. Finally, StockNews.com upgraded shares of Verint Systems from a "hold" rating to a "buy" rating in a research note on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.67.

Insider Activity at Verint Systems

In other news, CEO Dan Bodner sold 16,932 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $437,692.20. Following the transaction, the chief executive officer now owns 592,832 shares of the company's stock, valued at $15,324,707.20. This represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Peter Fante sold 6,330 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $163,630.50. Following the transaction, the insider now owns 91,334 shares in the company, valued at approximately $2,360,983.90. The trade was a 6.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,811 shares of company stock valued at $874,014 over the last ninety days. 1.70% of the stock is owned by insiders.

Verint Systems Price Performance

VRNT stock traded up $0.59 during trading on Friday, hitting $24.43. The company had a trading volume of 481,012 shares, compared to its average volume of 639,234. The company has a fifty day moving average price of $23.75 and a two-hundred day moving average price of $29.25. Verint Systems Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $38.17. The company has a market cap of $1.51 billion, a P/E ratio of 36.46, a P/E/G ratio of 1.03 and a beta of 1.25. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49.

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). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The firm had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. During the same quarter last year, the business earned $0.22 EPS. The company's revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts expect that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

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.