Verint Systems Inc. (NASDAQ:VRNT) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,064 shares of the technology company's stock after buying an additional 11,285 shares during the quarter. Assenagon Asset Management S.A. owned about 0.15% of Verint Systems worth $2,610,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of VRNT. State Street Corp grew its position in shares of Verint Systems by 1.5% in the third quarter. State Street Corp now owns 1,573,801 shares of the technology company's stock valued at $39,864,000 after purchasing an additional 23,400 shares during the period. Global Alpha Capital Management Ltd. increased its position in Verint Systems by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company's stock worth $31,199,000 after purchasing an additional 227,000 shares during the last quarter. Geode Capital Management LLC grew its stake 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 buying an additional 4,034 shares during the period. Quantbot Technologies LP acquired a new position in Verint Systems in the third quarter valued at $58,000. Finally, Quest Partners LLC grew its position in Verint Systems by 1,057.0% during the third quarter. Quest Partners LLC now owns 25,385 shares of the technology company's stock valued at $643,000 after acquiring an additional 23,191 shares during the period. Hedge funds and other institutional investors own 94.95% of the company's stock.

Analysts Set New Price Targets

VRNT has been the topic of several research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Friday, January 10th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Verint Systems in a research report on Wednesday, January 15th. StockNews.com downgraded shares of Verint Systems from a "buy" rating to a "hold" rating in a research note on Wednesday, January 15th. Wedbush reaffirmed an "outperform" rating and set a $38.00 price target on shares of Verint Systems in a research report on Thursday, September 26th. Finally, Jefferies Financial Group raised 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Verint Systems has an average rating of "Moderate Buy" and an average price target of $35.67.

Verint Systems Stock Up 1.6 %

Shares of NASDAQ:VRNT traded up $0.39 during trading on Thursday, hitting $25.54. The company's stock had a trading volume of 560,100 shares, compared to its average volume of 744,692. The company has a market capitalization of $1.59 billion, a PE ratio of 27.17, a PEG ratio of 1.07 and a beta of 1.24. Verint Systems Inc. has a fifty-two week low of $21.27 and a fifty-two week 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 stock's 50-day moving average price is $26.35 and its two-hundred day moving average price is $27.49.

Insiders Place Their Bets

In related news, insider Peter Fante sold 16,233 shares of the company's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total value of $446,732.16. Following the sale, the insider now directly owns 73,314 shares of the company's stock, valued at $2,017,601.28. This represents a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Grant A. Highlander sold 12,880 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the transaction, the chief financial officer now directly owns 117,137 shares of the company's stock, valued at approximately $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 owned by company insiders.

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.