Allspring Global Investments Holdings LLC Has $3.09 Million Stock Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Allspring Global Investments Holdings LLC lifted its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 54.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 173,476 shares of the technology company's stock after purchasing an additional 61,284 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.28% of Verint Systems worth $3,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of Verint Systems in the fourth quarter worth approximately $52,000. Sterling Capital Management LLC lifted 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 worth $53,000 after purchasing an additional 1,713 shares in the last quarter. PNC Financial Services Group Inc. lifted 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 worth $54,000 after purchasing an additional 613 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Verint Systems in the fourth quarter worth approximately $58,000. Finally, Parallel Advisors LLC increased its holdings in Verint Systems by 14,079.2% in the first quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company's stock worth $61,000 after buying an additional 3,379 shares during the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on VRNT. Evercore ISI dropped their price objective 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. Wedbush restated an "outperform" rating and issued a $30.00 price objective on shares of Verint Systems in a report on Wednesday, June 4th. Cowen restated a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th. Wall Street Zen downgraded Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. 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 report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.33.

Insiders Place Their Bets

In other news, insider Peter Fante sold 9,439 shares of the stock in a transaction 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 owned 20,450 shares in the company, valued at approximately $337,425. This represents a 31.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $44,096.08. Following the completion of the sale, the director directly owned 28,473 shares in the company, valued at approximately $457,561.11. The trade was a 8.79% decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Verint Systems Price Performance

Shares of Verint Systems stock traded down $0.31 during midday trading on Monday, hitting $21.20. The company had a trading volume of 1,698,107 shares, compared to its average volume of 953,522. The business's 50 day simple moving average is $18.08 and its two-hundred day simple moving average is $20.99. The stock has a market cap of $1.28 billion, a PE ratio of 25.85, a P/E/G ratio of 0.86 and a beta of 1.43. Verint Systems Inc. has a 1-year low of $14.15 and a 1-year high of $37.31.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). The company had revenue of $173.62 million during the quarter, compared to analyst estimates of $194.61 million. Verint Systems had a return on equity of 12.35% and a net margin of 7.66%. The company's revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 EPS. On average, sell-side analysts expect that Verint Systems Inc. will post 1.92 EPS for the current fiscal 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.