Dimensional Fund Advisors LP Purchases 338,454 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Dimensional Fund Advisors LP lifted its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 15.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,479,163 shares of the technology company's stock after purchasing an additional 338,454 shares during the period. Dimensional Fund Advisors LP owned 3.98% of Verint Systems worth $68,054,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRNT. World Investment Advisors LLC acquired a new stake in Verint Systems during the 3rd quarter worth $311,000. Franklin Resources Inc. increased its holdings in shares of Verint Systems by 9.5% in the third quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company's stock worth $968,000 after acquiring an additional 3,585 shares in the last quarter. Central Pacific Bank Trust Division raised its position in shares of Verint Systems by 29.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company's stock worth $194,000 after purchasing an additional 1,630 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Verint Systems by 13.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 95,064 shares of the technology company's stock valued at $2,610,000 after purchasing an additional 11,285 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of Verint Systems by 19.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 50,792 shares of the technology company's stock valued at $1,394,000 after purchasing an additional 8,116 shares during the period. Institutional investors own 94.95% of the company's stock.

Insiders Place Their Bets

In other news, Director Stephen J. Gold sold 2,744 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $16.07, for a total value of $44,096.08. Following the sale, the director now directly owns 28,473 shares of the company's stock, valued at approximately $457,561.11. This represents a 8.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Fante sold 9,439 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the sale, the insider now owns 20,450 shares of the company's stock, valued at $337,425. This trade represents a 31.58 % 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.

Verint Systems Stock Down 0.6 %

Shares of Verint Systems stock traded down $0.10 during trading hours on Tuesday, reaching $17.60. 65,869 shares of the company's stock were exchanged, compared to its average volume of 790,455. The stock has a market cap of $1.09 billion, a P/E ratio of 18.76, a P/E/G ratio of 0.97 and a beta of 1.45. The company has a 50 day moving average of $18.82 and a two-hundred day moving average of $23.12. 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 issued its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.28). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. During the same period last year, the company posted $1.07 earnings per share. The business's revenue for the quarter was down 4.4% on a year-over-year basis. On average, sell-side analysts forecast that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.