Verint Systems Inc. (NASDAQ:VRNT) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. cut its holdings in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 80.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,199 shares of the technology company's stock after selling 196,307 shares during the quarter. Balyasny Asset Management L.P. owned 0.08% of Verint Systems worth $1,351,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Plato Investment Management Ltd purchased a new stake in shares of Verint Systems in the fourth quarter valued at approximately $43,000. Parkside Financial Bank & Trust purchased a new stake in shares of Verint Systems in the fourth quarter valued at approximately $52,000. Headlands Technologies LLC purchased a new stake in shares of Verint Systems in the fourth quarter valued at approximately $52,000. Sterling Capital Management LLC increased its position in shares of Verint Systems by 808.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock valued at $53,000 after buying an additional 1,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Verint Systems by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock valued at $54,000 after buying an additional 613 shares in the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Verint Systems news, insider Peter Fante sold 9,439 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total transaction of $155,743.50. Following the transaction, the insider now owns 20,450 shares of the company's stock, valued at approximately $337,425. The trade was a 31.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen J. Gold sold 2,744 shares of the business's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the transaction, the director now directly owns 28,473 shares in the company, valued at $457,561.11. This trade represents a 8.79% decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VRNT. Needham & Company LLC reiterated a "buy" rating and set a $30.00 price target on shares of Verint Systems in a research report on Friday, April 25th. Wedbush dropped their price target on Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Evercore ISI dropped their price target on Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research report on Thursday, March 27th. Royal Bank of Canada dropped their price target on Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research report on Thursday, March 27th. Finally, StockNews.com cut Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Verint Systems has a consensus rating of "Moderate Buy" and a consensus target price of $30.33.

Verint Systems Trading Down 1.4%

NASDAQ VRNT traded down $0.26 on Monday, reaching $17.93. 418,589 shares of the company were exchanged, compared to its average volume of 798,813. The business's fifty day moving average price is $18.03 and its 200 day moving average price is $22.86. The stock has a market capitalization of $1.08 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Verint Systems Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $38.17.

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

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.