Verint Systems Inc. (NASDAQ:VRNT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its holdings in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 47.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,979 shares of the technology company's stock after selling 178,248 shares during the period. Russell Investments Group Ltd. owned about 0.31% of Verint Systems worth $5,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VRNT. Global Alpha Capital Management Ltd. increased its holdings in shares of Verint Systems by 39.5% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company's stock worth $47,151,000 after acquiring an additional 486,000 shares during the last quarter. State Street Corp increased its position in shares of Verint Systems by 1.5% during the third quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock worth $39,864,000 after buying an additional 23,400 shares during the period. Geode Capital Management LLC lifted its holdings in 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 buying an additional 4,034 shares during the period. William Blair Investment Management LLC grew its holdings in Verint Systems by 2.4% during the 4th quarter. William Blair Investment Management LLC now owns 1,406,682 shares of the technology company's stock worth $38,613,000 after acquiring an additional 32,682 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Verint Systems by 48.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company's stock worth $34,683,000 after acquiring an additional 412,655 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Verint Systems

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Needham & Company LLC decreased their price target on shares of 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 price objective on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. Royal Bank of Canada decreased their price objective on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a report on Thursday, March 27th. Evercore ISI cut 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 research report on Thursday, March 27th. Finally, StockNews.com lowered Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Verint Systems presently has an average rating of "Moderate Buy" and a consensus target price of $30.33.

Verint Systems Stock Up 0.2 %

Shares of NASDAQ VRNT traded up $0.03 during midday trading on Friday, reaching $15.99. 814,927 shares of the company's stock traded hands, compared to its average volume of 780,900. The stock's 50 day simple moving average is $20.73 and its 200-day simple moving average is $23.64. Verint Systems Inc. has a one year low of $14.15 and a one year high of $38.17. 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 company has a market cap of $993.59 million, a price-to-earnings ratio of 17.01, a P/E/G ratio of 0.97 and a beta of 1.31.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.28). The company had revenue of $253.50 million during the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The business's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm earned $1.07 EPS. On average, analysts predict that Verint Systems Inc. will post 1.92 EPS 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.