Verint Systems Inc. (NASDAQ:VRNT) Holdings Lifted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 491.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 764,498 shares of the technology company's stock after buying an additional 635,334 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.23% of Verint Systems worth $20,985,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornercap Investment Counsel Inc. raised its position in shares of Verint Systems by 135.9% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 19,188 shares of the technology company's stock valued at $527,000 after acquiring an additional 11,053 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in Verint Systems during the fourth quarter valued at $203,000. Segall Bryant & Hamill LLC raised its holdings in shares of Verint Systems by 35.2% during the fourth quarter. Segall Bryant & Hamill LLC now owns 103,075 shares of the technology company's stock worth $2,829,000 after purchasing an additional 26,821 shares during the period. Prudential Financial Inc. lifted its position in shares of Verint Systems by 15.5% in the 4th quarter. Prudential Financial Inc. now owns 1,189,091 shares of the technology company's stock worth $32,641,000 after buying an additional 159,905 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in shares of Verint Systems in the 4th quarter valued at about $243,000. Institutional investors and hedge funds own 94.95% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Royal Bank of Canada cut their target price on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Needham & Company LLC cut their price target on Verint Systems from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. StockNews.com downgraded Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Evercore ISI cut their target price on Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a research note on Thursday, March 27th. Finally, Wedbush reduced their price target on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.33.

Verint Systems Stock Performance

Shares of NASDAQ:VRNT traded down $0.71 on Tuesday, hitting $14.55. The company's stock had a trading volume of 985,128 shares, compared to its average volume of 768,363. The company has a market capitalization of $904.11 million, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. Verint Systems Inc. has a 12 month low of $14.16 and a 12 month high of $38.17. The stock's 50-day moving average is $22.29 and its two-hundred day moving average is $24.13.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). The company had revenue of $253.50 million during the quarter, compared to the consensus estimate of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The business's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. On average, equities research analysts forecast that Verint Systems Inc. will post 1.92 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.