Trexquant Investment LP Takes $1.93 Million Position in Verint Systems Inc. (NASDAQ:VRNT)

Trexquant Investment LP purchased a new stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 70,345 shares of the technology company's stock, valued at approximately $1,931,000. Trexquant Investment LP owned 0.11% of Verint Systems at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VRNT. Global Alpha Capital Management Ltd. lifted its holdings in 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 purchasing an additional 486,000 shares during the period. State Street Corp lifted its stake in shares of Verint Systems by 1.5% in the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock worth $39,864,000 after acquiring an additional 23,400 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Verint Systems by 0.3% in the third 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 in the last quarter. William Blair Investment Management LLC increased its stake in shares of Verint Systems by 2.4% during the fourth quarter. William Blair Investment Management LLC now owns 1,406,682 shares of the technology company's stock valued at $38,613,000 after acquiring an additional 32,682 shares during the period. Finally, Prudential Financial Inc. raised its holdings in Verint Systems by 15.5% during the fourth quarter. Prudential Financial Inc. now owns 1,189,091 shares of the technology company's stock worth $32,641,000 after purchasing an additional 159,905 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

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Verint Systems Trading Up 0.9 %

Shares of NASDAQ:VRNT traded up $0.14 during mid-day trading on Monday, hitting $16.02. The stock had a trading volume of 122,713 shares, compared to its average volume of 773,360. The company's 50 day moving average is $21.52 and its 200-day moving average is $23.88. Verint Systems Inc. has a 12-month low of $14.15 and a 12-month 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 $995.45 million, a PE ratio of 17.04, a P/E/G ratio of 0.97 and a beta of 1.31.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its 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 business had revenue of $253.50 million during the quarter, compared to analysts' expectations of $276.82 million. During the same quarter in the previous year, the company earned $1.07 EPS. Verint Systems's revenue for the quarter was down 4.4% on a year-over-year basis. On average, sell-side analysts predict that Verint Systems Inc. will post 1.92 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on VRNT. Needham & Company LLC decreased their price target on Verint Systems from $40.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Wedbush decreased their target price on Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. StockNews.com cut shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Royal Bank of Canada reduced their price objective on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Finally, Evercore ISI cut their price objective on Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.33.

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.