Verint Systems Inc. (NASDAQ:VRNT) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 58.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,675 shares of the technology company's stock after purchasing an additional 10,540 shares during the period. SG Americas Securities LLC's holdings in Verint Systems were worth $787,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. State Street Corp boosted its stake in Verint Systems by 1.5% during the third quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock valued at $39,864,000 after buying an additional 23,400 shares during the last quarter. Global Alpha Capital Management Ltd. raised its holdings in shares of Verint Systems by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company's stock worth $31,199,000 after acquiring an additional 227,000 shares in the last quarter. Geode Capital Management LLC boosted its position 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 valued at $38,004,000 after acquiring an additional 4,034 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Verint Systems in the third quarter valued at $58,000. Finally, Fort Washington Investment Advisors Inc. OH increased its position in Verint Systems by 32.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company's stock worth $21,298,000 after purchasing an additional 189,860 shares during the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total transaction of $446,732.16. Following the completion of the sale, the insider now directly owns 73,314 shares of the company's stock, valued at $2,017,601.28. The trade was a 18.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Grant A. Highlander sold 12,880 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the sale, the chief financial officer now owns 117,137 shares of the company's stock, valued at $3,426,257.25. This represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com raised shares of Verint Systems from a "hold" rating to a "buy" rating in a research note on Tuesday. Needham & Company LLC reissued a "buy" rating and set a $40.00 price objective on shares of Verint Systems in a research note on Friday, January 10th. Jefferies Financial Group upped their price objective on Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Verint Systems in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $35.67.

Verint Systems Trading Up 0.2 %

Shares of NASDAQ VRNT traded up $0.06 during midday trading on Thursday, hitting $25.67. The company's stock had a trading volume of 365,680 shares, compared to its average volume of 659,499. Verint Systems Inc. has a 12-month low of $21.27 and a 12-month high of $38.17. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.60 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24. The business's 50 day moving average is $26.55 and its two-hundred day moving average is $27.29.

Verint Systems Company 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.