Wedge Capital Management L L P NC raised its position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,556 shares of the technology company's stock after acquiring an additional 17,123 shares during the period. Wedge Capital Management L L P NC owned approximately 0.17% of Verint Systems worth $2,925,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of VRNT. State Street Corp increased its position in 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 acquiring an additional 23,400 shares during the period. Global Alpha Capital Management Ltd. increased its holdings in shares of Verint Systems by 22.6% during the 3rd 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 period. Geode Capital Management LLC increased its holdings 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 worth $38,004,000 after purchasing an additional 4,034 shares during the period. Quantbot Technologies LP acquired a new position in shares of Verint Systems during the third quarter valued at about $58,000. Finally, Intech Investment Management LLC bought a new stake in shares of Verint Systems in the third quarter valued at about $571,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.
Verint Systems Price Performance
NASDAQ:VRNT traded up $0.07 on Monday, reaching $24.43. The stock had a trading volume of 468,251 shares, compared to its average volume of 667,164. 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 capitalization of $1.52 billion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 1.09 and a beta of 1.24. Verint Systems Inc. has a 1-year low of $21.27 and a 1-year high of $38.17. The stock has a fifty day moving average price of $26.38 and a 200-day moving average price of $27.61.
Insider Transactions at Verint Systems
In related news, CFO Grant A. Highlander sold 12,880 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the sale, the chief financial officer now owns 117,137 shares in the company, valued at $3,426,257.25. This represents a 9.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Fante sold 16,233 shares of the firm's stock in a transaction dated Thursday, December 19th. The stock was 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 in the company, valued at approximately $2,017,601.28. This represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
Analyst Ratings Changes
Several equities analysts recently issued reports on VRNT shares. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price target on shares of Verint Systems in a research note on Wednesday, January 15th. Jefferies Financial Group boosted 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. Wedbush reaffirmed an "outperform" rating and issued a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. StockNews.com lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Wednesday, January 15th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $40.00 target price on shares of Verint Systems in a research note on Friday, January 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.67.
Check Out Our Latest Report on Verint Systems
About Verint Systems
(
Free Report)
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.
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