Charles Schwab Investment Management Inc. Boosts Position in Verint Systems Inc. (NASDAQ:VRNT)

Charles Schwab Investment Management Inc. increased its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 705,227 shares of the technology company's stock after acquiring an additional 53,486 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.13% of Verint Systems worth $19,358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. KBC Group NV boosted its position in shares of Verint Systems by 75.0% during the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company's stock worth $93,000 after acquiring an additional 1,449 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of Verint Systems during the fourth quarter worth $43,000. Central Pacific Bank Trust Division boosted its position in shares of Verint Systems by 29.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company's stock worth $194,000 after acquiring an additional 1,630 shares during the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Verint Systems during the fourth quarter worth $52,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Verint Systems by 18.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,858 shares of the technology company's stock worth $376,000 after acquiring an additional 2,272 shares during the last quarter. Institutional investors own 94.95% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Verint Systems from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price objective on shares of Verint Systems in a research report on Friday, January 10th. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price objective on shares of Verint Systems in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group increased their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.67.

Verint Systems Trading Down 2.2 %

Shares of VRNT traded down $0.49 during midday trading on Friday, hitting $21.40. The stock had a trading volume of 1,390,342 shares, compared to its average volume of 729,224. Verint Systems Inc. has a 1 year low of $20.67 and a 1 year high of $38.17. The firm has a market cap of $1.33 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The stock's 50 day moving average is $24.20 and its 200 day moving average is $24.91.

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.