Dana Investment Advisors Inc. Invests $6.91 Million in Verint Systems Inc. (NASDAQ:VRNT)

Dana Investment Advisors Inc. bought a new stake in Verint Systems Inc. (NASDAQ:VRNT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 251,630 shares of the technology company’s stock, valued at approximately $6,907,000.

Several other large investors have also recently bought and sold shares of VRNT. Fisher Asset Management LLC increased its position in shares of Verint Systems by 26.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock valued at $38,411,000 after purchasing an additional 317,804 shares during the period. Global Alpha Capital Management Ltd. boosted its stake 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 valued at $31,199,000 after buying an additional 227,000 shares in the last quarter. Disciplined Growth Investors Inc. MN acquired a new position in Verint Systems during the third quarter worth about $5,083,000. Fort Washington Investment Advisors Inc. OH grew its holdings in Verint Systems by 32.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock worth $21,298,000 after acquiring an additional 189,860 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Verint Systems by 141.4% in the third quarter. BNP Paribas Financial Markets now owns 151,266 shares of the technology company’s stock worth $3,832,000 after acquiring an additional 88,616 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Insider Buying and Selling at Verint Systems

In related news, insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $27.52, for a total transaction of $446,732.16. Following the completion of the transaction, the insider now directly owns 73,314 shares of the company’s stock, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total transaction of $376,740.00. Following the completion of the transaction, the chief financial officer now 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 disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Verint Systems Stock Performance

NASDAQ VRNT opened at $21.95 on Friday. The company’s fifty day moving average is $25.33 and its two-hundred day moving average is $25.78. Verint Systems Inc. has a 52-week low of $21.13 and a 52-week high of $38.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 0.97 and a beta of 1.24.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on VRNT shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Friday, January 10th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research report on Wednesday, January 15th. StockNews.com cut Verint Systems from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Jefferies Financial Group raised their price objective on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.