Verint Systems Inc. (NASDAQ:VRNT) Shares Acquired by Fmr LLC

Fmr LLC boosted its position in Verint Systems Inc. (NASDAQ:VRNT) by 312.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,065 shares of the technology company’s stock after acquiring an additional 7,624 shares during the quarter. Fmr LLC’s holdings in Verint Systems were worth $255,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Global Alpha Capital Management Ltd. boosted its holdings in Verint Systems by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock valued at $31,199,000 after purchasing an additional 227,000 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Verint Systems by 4,185,900.0% during the second quarter. Acadian Asset Management LLC now owns 41,860 shares of the technology company’s stock worth $1,345,000 after buying an additional 41,859 shares during the period. L & S Advisors Inc purchased a new position in shares of Verint Systems in the 2nd quarter valued at approximately $1,603,000. Quantbot Technologies LP acquired a new stake in shares of Verint Systems during the third quarter worth $58,000. Finally, Intech Investment Management LLC purchased a new position in Verint Systems in the 3rd quarter valued at $571,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research note on Thursday, December 5th. Evercore ISI dropped their target price on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday, September 5th. TD Cowen cut their price objective on Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Jefferies Financial Group boosted their target price on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a report on Thursday, December 5th. 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 target price of $35.67.

Verint Systems Stock Down 1.5 %

VRNT stock opened at $26.87 on Friday. Verint Systems Inc. has a 12 month low of $21.27 and a 12 month high of $38.17. The firm has a market capitalization of $1.67 billion, a PE ratio of 28.59, a P/E/G ratio of 1.25 and a beta of 1.28. The company’s 50 day simple moving average is $24.83 and its 200-day simple moving average is $28.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28.

Insider Buying and Selling

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total transaction of $376,740.00. Following the sale, the chief financial officer now directly owns 117,137 shares of the company’s stock, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is currently owned by company insiders.

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.