Point72 Asia Singapore Pte. Ltd. Sells 5,069 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Point72 Asia Singapore Pte. Ltd. reduced its stake in Verint Systems Inc. (NASDAQ:VRNT) by 76.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,593 shares of the technology company’s stock after selling 5,069 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Verint Systems were worth $51,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Stanley Laman Group Ltd. grew its position in Verint Systems by 0.4% during the second quarter. Stanley Laman Group Ltd. now owns 124,470 shares of the technology company’s stock worth $4,008,000 after buying an additional 478 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Verint Systems by 4.4% in the first quarter. Verdence Capital Advisors LLC now owns 13,938 shares of the technology company’s stock worth $462,000 after buying an additional 584 shares during the period. FinTrust Capital Advisors LLC increased its position in Verint Systems by 173.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock valued at $39,000 after purchasing an additional 754 shares during the period. Fidelis Capital Partners LLC bought a new position in Verint Systems in the first quarter worth about $30,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Verint Systems by 764.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after purchasing an additional 917 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Price Performance

Shares of Verint Systems stock opened at $25.33 on Tuesday. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 52.77, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24. The stock has a 50 day moving average price of $30.34 and a 200-day moving average price of $31.36. Verint Systems Inc. has a one year low of $18.41 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 posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $210.17 million for the quarter, compared to analysts’ expectations of $212.81 million. Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. Verint Systems’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. Equities analysts expect that Verint Systems Inc. will post 1.97 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VRNT. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research report on Wednesday, September 25th. 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 research note on Thursday, September 5th. Wedbush reaffirmed an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a report on Thursday, September 26th. Finally, Evercore ISI dropped their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.67.

Insider Activity at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 16,932 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 transaction of $437,692.20. Following the transaction, the chief executive officer now owns 592,832 shares of the company’s stock, valued at approximately $15,324,707.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Peter Fante sold 6,330 shares of Verint Systems 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 $163,630.50. Following the transaction, the insider now owns 91,334 shares of the company’s stock, valued at approximately $2,360,983.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dan Bodner sold 16,932 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $437,692.20. Following the completion of the sale, the chief executive officer now owns 592,832 shares of the company’s stock, valued at $15,324,707.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,811 shares of company stock worth $874,014. Company insiders own 1.70% of the company’s stock.

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.