William Blair Investment Management LLC Acquires 32,682 Shares of Verint Systems Inc. (NASDAQ:VRNT)

William Blair Investment Management LLC boosted its position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,406,682 shares of the technology company's stock after acquiring an additional 32,682 shares during the period. William Blair Investment Management LLC owned 2.26% of Verint Systems worth $38,613,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Global Alpha Capital Management Ltd. grew its stake in shares of Verint Systems by 39.5% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company's stock worth $47,151,000 after purchasing an additional 486,000 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Verint Systems by 26.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company's stock worth $38,411,000 after buying an additional 317,804 shares during the period. Dana Investment Advisors Inc. bought a new stake in shares of Verint Systems in the 4th quarter worth approximately $6,907,000. Disciplined Growth Investors Inc. MN purchased a new position in shares of Verint Systems during the third quarter valued at approximately $5,083,000. Finally, Raymond James Financial Inc. bought a new position in shares of Verint Systems during the fourth quarter valued at approximately $5,276,000. Hedge funds and other institutional investors own 94.95% of the company's stock.

Verint Systems Stock Down 2.2 %

Shares of Verint Systems stock traded down $0.49 during midday trading on Friday, hitting $21.40. The company had a trading volume of 1,390,342 shares, compared to its average volume of 726,500. The company has a 50 day moving average of $24.28 and a 200 day moving average of $25.01. The stock has a market capitalization of $1.33 billion, a P/E ratio of 22.77, a P/E/G ratio of 0.97 and a beta of 1.29. Verint Systems Inc. has a 52-week low of $20.67 and a 52-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.

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Wall Street Analysts Forecast Growth

Several brokerages have commented on VRNT. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price objective on shares of Verint Systems in a report on Wednesday, January 15th. Jefferies Financial Group increased their price target on shares of Verint Systems from $28.00 to $34.00 and gave the stock a "hold" rating in a research note on Friday, December 6th. StockNews.com upgraded Verint Systems from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, Needham & Company LLC restated a "buy" rating and issued a $40.00 target price on shares of Verint Systems in a research note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.67.

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.