DekaBank Deutsche Girozentrale Boosts Holdings in Verint Systems Inc. (NASDAQ:VRNT)

DekaBank Deutsche Girozentrale boosted its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 189,512 shares of the technology company’s stock after purchasing an additional 5,928 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.31% of Verint Systems worth $4,822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Verint Systems by 46.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 104,984 shares of the technology company’s stock valued at $3,481,000 after buying an additional 33,303 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Verint Systems by 4,185,900.0% during the 2nd quarter. Acadian Asset Management LLC now owns 41,860 shares of the technology company’s stock valued at $1,345,000 after purchasing an additional 41,859 shares during the last quarter. L & S Advisors Inc bought a new stake in shares of Verint Systems in the 2nd quarter worth $1,603,000. Vanguard Group Inc. raised its stake in shares of Verint Systems by 2.6% in the first quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock worth $244,239,000 after purchasing an additional 185,105 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of Verint Systems by 572.8% during the first quarter. Comerica Bank now owns 44,694 shares of the technology company’s stock valued at $1,482,000 after purchasing an additional 38,051 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Stock Down 2.9 %

VRNT opened at $21.30 on Friday. The firm’s 50 day simple moving average is $25.72 and its two-hundred day simple moving average is $30.06. The company has a market capitalization of $1.31 billion, a PE ratio of 44.38, a PEG ratio of 0.93 and a beta of 1.24. Verint Systems Inc. has a 1-year low of $18.45 and a 1-year high of $38.17. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company 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 for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share. As a group, equities analysts forecast that Verint Systems Inc. will post 1.97 EPS for the current year.

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 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 sale, the chief executive officer now owns 592,832 shares in the company, valued at approximately $15,324,707.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Peter Fante sold 6,330 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $163,630.50. Following the completion of the sale, the insider now owns 91,334 shares in the company, valued at approximately $2,360,983.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dan Bodner sold 16,932 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 $437,692.20. Following the sale, the chief executive officer now directly owns 592,832 shares in the company, valued at $15,324,707.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,811 shares of company stock worth $874,014. 1.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on VRNT shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a report on Thursday, September 5th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a report on Wednesday, September 25th. Evercore ISI lowered their price objective on shares of 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. Wedbush reaffirmed an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. Finally, TD Cowen decreased their target price on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.67.

Verint Systems 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.