Intech Investment Management LLC Purchases New Stake in Verint Systems Inc. (NASDAQ:VRNT)

Intech Investment Management LLC acquired a new position in Verint Systems Inc. (NASDAQ:VRNT) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 22,547 shares of the technology company’s stock, valued at approximately $571,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP increased its holdings in shares of Verint Systems by 160.9% in the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after purchasing an additional 489 shares in the last quarter. Innealta Capital LLC acquired a new position in Verint Systems during the second quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Verint Systems in the second quarter valued at about $43,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Verint Systems during the 2nd quarter valued at approximately $138,000. Finally, CWM LLC boosted its stake in shares of Verint Systems by 135.0% during the 3rd quarter. CWM LLC now owns 5,660 shares of the technology company’s stock worth $143,000 after acquiring an additional 3,251 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Insider Activity

In other Verint Systems news, CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction 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 transaction, the chief executive officer now owns 592,832 shares in the company, valued at $15,324,707.20. This trade represents a 2.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Grant A. Highlander sold 3,389 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $87,605.65. Following the sale, the chief financial officer now owns 131,267 shares of the company’s stock, valued at approximately $3,393,251.95. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,811 shares of company stock valued at $874,014 over the last quarter. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Wednesday, September 25th. Wedbush restated an “outperform” rating and issued a $38.00 price target on shares of Verint Systems in a research report on Thursday, September 26th. TD Cowen decreased their price objective on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a report on Thursday, September 5th. Finally, Jefferies Financial Group reduced their price target on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a report 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.67.

Verint Systems Price Performance

NASDAQ:VRNT opened at $25.20 on Monday. Verint Systems Inc. has a 12-month low of $21.27 and a 12-month high of $38.17. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25. The company’s 50-day moving average is $23.62 and its two-hundred day moving average is $29.03. 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 announced its earnings results 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 firm had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. Research analysts expect that Verint Systems Inc. will post 1.97 EPS for the current year.

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.