Verint Systems Inc. (NASDAQ:VRNT) Shares Bought by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division raised its stake in Verint Systems Inc. (NASDAQ:VRNT) by 29.9% during the 4th quarter, HoldingsChannel reports. The firm owned 7,075 shares of the technology company’s stock after acquiring an additional 1,630 shares during the period. Central Pacific Bank Trust Division’s holdings in Verint Systems were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC grew its position in Verint Systems by 26.5% in 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 buying an additional 317,804 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Verint Systems by 5.9% in the second quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock valued at $133,412,000 after acquiring an additional 232,499 shares in the last quarter. Global Alpha Capital Management Ltd. increased its stake in shares of 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 worth $31,199,000 after acquiring an additional 227,000 shares during the period. Disciplined Growth Investors Inc. MN purchased a new position in Verint Systems during the third quarter worth about $5,083,000. Finally, Marshall Wace LLP acquired a new stake in Verint Systems in the second quarter valued at about $3,188,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, insider Peter Fante sold 16,233 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was 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 owns 73,314 shares of the company’s stock, valued at approximately $2,017,601.28. This trade represents a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Grant A. Highlander sold 12,880 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the sale, the chief financial officer now owns 117,137 shares in the company, valued at $3,426,257.25. This represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research report on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a report on Thursday, December 5th. Wedbush reissued an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a report on Thursday, September 26th. Finally, Jefferies Financial Group upped their price target on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Three investment 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Price Performance

Verint Systems stock opened at $26.78 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The firm’s 50-day simple moving average is $25.83 and its 200 day simple moving average is $28.20. Verint Systems Inc. has a 52 week low of $21.27 and a 52 week high of $38.17. The firm has a market capitalization of $1.67 billion, a PE ratio of 28.49, a P/E/G ratio of 1.25 and a beta of 1.24.

Verint Systems Company 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.