Y Intercept Hong Kong Ltd Takes $1.23 Million Position in Verint Systems Inc. (NASDAQ:VRNT)

Y Intercept Hong Kong Ltd acquired a new position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 48,504 shares of the technology company's stock, valued at approximately $1,229,000. Y Intercept Hong Kong Ltd owned 0.08% of Verint Systems at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of VRNT. 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 acquiring an additional 227,000 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Verint Systems by 4,185,900.0% during the 2nd quarter. Acadian Asset Management LLC now owns 41,860 shares of the technology company's stock worth $1,345,000 after purchasing an additional 41,859 shares during the period. L & S Advisors Inc bought a new position in shares of Verint Systems during the 2nd quarter worth about $1,603,000. Quantbot Technologies LP bought a new position in shares of Verint Systems during the 3rd quarter worth about $58,000. Finally, Millennium Management LLC raised its position in shares of Verint Systems by 96.5% during the second quarter. Millennium Management LLC now owns 130,962 shares of the technology company's stock valued at $4,217,000 after buying an additional 64,319 shares during the last quarter. Institutional investors own 94.95% of the company's stock.

Verint Systems Price Performance

VRNT stock traded down $0.19 during trading on Thursday, hitting $30.29. 801,233 shares of the stock traded hands, compared to its average volume of 709,743. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 31.98, a P/E/G ratio of 1.30 and a beta of 1.28. Verint Systems Inc. has a one year low of $21.27 and a one year high of $38.17. The company has a 50 day simple moving average of $24.20 and a 200 day simple moving average of $28.85.

Insider Activity

In other Verint Systems news, insider Peter Fante sold 6,330 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $163,630.50. Following the completion of the sale, the insider now owns 91,334 shares in the company, valued at approximately $2,360,983.90. This trade represents a 6.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Grant A. Highlander sold 3,389 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $87,605.65. Following the transaction, the chief financial officer now owns 131,267 shares in the company, valued at $3,393,251.95. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,811 shares of company stock worth $874,014. Insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on VRNT. TD Cowen cut their price target on Verint Systems from $40.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Jefferies Financial Group lifted 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. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price objective on shares of Verint Systems in a research note on Thursday, December 5th. Evercore ISI reduced their price objective on shares of Verint Systems from $34.00 to $30.00 and set an "in-line" rating for the company in a report on Thursday, September 5th. 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 Thursday, December 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Verint Systems has a consensus rating of "Moderate Buy" and an average target price of $35.67.

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.