Dimensional Fund Advisors LP Has $68.05 Million Stock Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Dimensional Fund Advisors LP increased its position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,479,163 shares of the technology company's stock after acquiring an additional 338,454 shares during the period. Dimensional Fund Advisors LP owned approximately 3.98% of Verint Systems worth $68,054,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new stake in shares of Verint Systems in the fourth quarter valued at approximately $43,000. Headlands Technologies LLC acquired a new stake in Verint Systems in the 4th quarter valued at approximately $52,000. Parkside Financial Bank & Trust bought a new stake in Verint Systems during the 4th quarter valued at $52,000. Sterling Capital Management LLC boosted its position in Verint Systems by 808.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock worth $53,000 after acquiring an additional 1,713 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake 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 worth $54,000 after purchasing an additional 613 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Price Performance

Verint Systems stock traded up $0.09 during mid-day trading on Friday, hitting $17.82. The company's stock had a trading volume of 535,851 shares, compared to its average volume of 794,439. The stock has a market capitalization of $1.11 billion, a P/E ratio of 18.96, a P/E/G ratio of 0.97 and a beta of 1.45. Verint Systems Inc. has a twelve month low of $14.15 and a twelve month high of $38.17. The stock's fifty day moving average price is $18.93 and its two-hundred day moving average price is $23.16. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47.

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 the consensus estimate of $1.27 by ($0.28). The company had revenue of $253.50 million for the quarter, compared to the consensus estimate of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The business's revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 earnings per share. Research analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Insider Buying and Selling at Verint Systems

In related news, insider Peter Fante sold 9,439 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the transaction, the insider now owns 20,450 shares of the company's stock, valued at approximately $337,425. This trade represents a 31.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total transaction of $44,096.08. Following the transaction, the director now owns 28,473 shares in the company, valued at approximately $457,561.11. The trade was a 8.79 % 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

A number of equities research analysts recently weighed in on VRNT shares. Needham & Company LLC restated a "buy" rating and set a $30.00 price objective on shares of Verint Systems in a research note on Friday, April 25th. Evercore ISI reduced their price target on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a research note on Thursday, March 27th. StockNews.com lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Wedbush cut their target price 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. Finally, Royal Bank of Canada dropped their price objective on Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.33.

About Verint Systems

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.