Fisher Asset Management LLC Increases Position in Verint Systems Inc. (NASDAQ:VRNT)

Fisher Asset Management LLC raised its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 26.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,516,409 shares of the technology company’s stock after buying an additional 317,804 shares during the period. Fisher Asset Management LLC’s holdings in Verint Systems were worth $38,411,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Stanley Laman Group Ltd. lifted its stake in Verint Systems by 0.4% during the 2nd quarter. Stanley Laman Group Ltd. now owns 124,470 shares of the technology company’s stock worth $4,008,000 after acquiring an additional 478 shares in the last quarter. Quarry LP lifted its position in shares of Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after purchasing an additional 489 shares in the last quarter. Lingohr Asset Management GmbH boosted its stake in shares of Verint Systems by 3.7% in the third quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company’s stock valued at $507,000 after purchasing an additional 712 shares during the period. Innealta Capital LLC acquired a new position in shares of Verint Systems in the second quarter valued at approximately $36,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Verint Systems by 11.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,586 shares of the technology company’s stock worth $405,000 after buying an additional 1,272 shares during the period. 94.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on VRNT shares. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research report on Wednesday, September 25th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Jefferies Financial Group cut their price target on Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research note on Thursday, September 5th. Finally, Wedbush restated an “outperform” rating and set a $38.00 target price on shares of Verint Systems in a research note on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.67.

Verint Systems Trading Down 1.7 %

VRNT opened at $24.39 on Wednesday. The business’s 50-day simple moving average is $23.72 and its 200-day simple moving average is $29.20. The company has a market cap of $1.51 billion, a P/E ratio of 36.40, a PEG ratio of 1.03 and a beta of 1.25. Verint Systems Inc. has a one year low of $21.27 and a one year high of $38.17. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The company had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. During the same period in the previous year, the business posted $0.22 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities research analysts expect that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

Insider Activity at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 16,932 shares of the business’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 value of $437,692.20. Following the completion of the sale, the chief executive officer now owns 592,832 shares in the company, valued at approximately $15,324,707.20. The trade was a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Elan Moriah sold 7,160 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $185,086.00. Following the completion of the sale, the president now directly owns 139,251 shares of the company’s stock, valued at $3,599,638.35. The trade was a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,811 shares of company stock valued at $874,014 over the last ninety days. Insiders own 1.70% of the company’s stock.

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.