Prudential Financial Inc. Increases Stake in Verint Systems Inc. (NASDAQ:VRNT)

Prudential Financial Inc. increased its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 15.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,189,091 shares of the technology company’s stock after acquiring an additional 159,905 shares during the quarter. Prudential Financial Inc. owned approximately 1.91% of Verint Systems worth $32,641,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LPL Financial LLC purchased a new stake in shares of Verint Systems in the 4th quarter worth approximately $243,000. KLP Kapitalforvaltning AS purchased a new stake in Verint Systems during the fourth quarter worth $321,000. American Century Companies Inc. boosted its position in Verint Systems by 9.4% during the 4th quarter. American Century Companies Inc. now owns 109,736 shares of the technology company’s stock valued at $3,012,000 after acquiring an additional 9,411 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Verint Systems by 626.6% in the 4th quarter. Quantbot Technologies LP now owns 16,524 shares of the technology company’s stock valued at $454,000 after acquiring an additional 14,250 shares during the period. Finally, Magnetar Financial LLC raised its position in shares of Verint Systems by 15.9% in the 4th quarter. Magnetar Financial LLC now owns 26,649 shares of the technology company’s stock worth $732,000 after acquiring an additional 3,657 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VRNT. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a report on Wednesday, January 15th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. 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 report on Friday, December 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.67.

Verint Systems Stock Down 0.6 %

NASDAQ VRNT opened at $21.80 on Wednesday. Verint Systems Inc. has a one year low of $20.67 and a one year 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. The business has a fifty day moving average price of $24.06 and a 200 day moving average price of $24.81. The company has a market cap of $1.36 billion, a P/E ratio of 23.19, a P/E/G ratio of 0.97 and a beta of 1.29.

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.