Natixis Grows Stock Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Natixis increased its position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 11,060.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,264 shares of the technology company's stock after purchasing an additional 84,500 shares during the quarter. Natixis owned approximately 0.14% of Verint Systems worth $2,340,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Plato Investment Management Ltd bought a new position in shares of Verint Systems during the 4th quarter worth approximately $43,000. Parkside Financial Bank & Trust purchased a new stake in Verint Systems in the fourth quarter valued at approximately $52,000. Headlands Technologies LLC acquired a new position in Verint Systems in the 4th quarter worth approximately $52,000. Sterling Capital Management LLC raised its position in Verint Systems by 808.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock worth $53,000 after buying an additional 1,713 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Verint Systems by 45.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock valued at $54,000 after acquiring an additional 613 shares during the period. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VRNT has been the subject of several recent research reports. Evercore ISI reduced their target price on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a report on Thursday, March 27th. Wedbush cut their target price on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Royal Bank of Canada dropped their price target on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a research report on Thursday, March 27th. StockNews.com downgraded shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Needham & Company LLC restated a "buy" rating and set a $30.00 target price on shares of Verint Systems in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Verint Systems presently has an average rating of "Moderate Buy" and an average target price of $30.33.

Insider Transactions at Verint Systems

In other Verint Systems news, insider Peter Fante sold 9,439 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the sale, the insider now owns 20,450 shares of the company's stock, valued at $337,425. This trade represents a 31.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen J. Gold sold 2,744 shares of the company's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the transaction, the director now directly owns 28,473 shares in the company, valued at approximately $457,561.11. This trade represents a 8.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Verint Systems Price Performance

Shares of Verint Systems stock traded up $0.27 during mid-day trading on Friday, reaching $18.23. 903,841 shares of the stock traded hands, compared to its average volume of 787,142. 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 $19.78 and a 200 day moving average of $23.39. The stock has a market capitalization of $1.13 billion, a PE ratio of 19.39, a PEG ratio of 0.97 and a beta of 1.31. Verint Systems Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $38.17.

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). The business had revenue of $253.50 million for the quarter, compared to analysts' expectations of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. Verint Systems's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 EPS. On average, analysts predict that Verint Systems Inc. will post 1.92 EPS for the current year.

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.