Verint Systems Inc. (NASDAQ:VRNT) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 114.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,609 shares of the technology company's stock after acquiring an additional 38,728 shares during the period. Envestnet Asset Management Inc. owned 0.12% of Verint Systems worth $1,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in VRNT. Plato Investment Management Ltd acquired a new position in shares of Verint Systems during the 4th quarter worth approximately $43,000. Parkside Financial Bank & Trust purchased a new position in Verint Systems during the fourth quarter worth approximately $52,000. Headlands Technologies LLC acquired a new position in Verint Systems during the fourth quarter worth $52,000. PNC Financial Services Group Inc. boosted its stake in Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock worth $54,000 after buying an additional 613 shares during the last quarter. Finally, KBC Group NV grew its holdings in Verint Systems by 75.0% in the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company's stock valued at $93,000 after buying an additional 1,449 shares in the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Verint Systems

In related news, Director Stephen J. Gold sold 2,744 shares of Verint Systems 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 completion of the transaction, the director now directly owns 28,473 shares in the company, valued at approximately $457,561.11. This trade represents a 8.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter Fante sold 9,439 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the sale, the insider now owns 20,450 shares in the company, valued at approximately $337,425. This trade represents a 31.58 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

Verint Systems Trading Up 1.1 %

NASDAQ:VRNT traded up $0.19 during trading hours on Friday, reaching $17.92. 73,731 shares of the stock were exchanged, compared to its average volume of 790,373. Verint Systems Inc. has a twelve month low of $14.15 and a twelve month high of $38.17. The business has a 50-day moving average of $19.05 and a two-hundred day moving average of $23.20. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 0.97 and a beta of 1.45. 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 posted its earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.28). The firm 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%. Verint Systems's revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 EPS. On average, equities analysts predict that Verint Systems Inc. will post 1.92 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a research report on Thursday, March 27th. StockNews.com lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Wedbush reduced their price target on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Evercore ISI lowered their price objective 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. Finally, Needham & Company LLC restated a "buy" rating and issued a $30.00 target price on shares of Verint Systems in a research report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Verint Systems has an average rating of "Moderate Buy" and a consensus target price 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.