Gotham Asset Management LLC Decreases Stake in Verint Systems Inc. (NASDAQ:VRNT)

Gotham Asset Management LLC reduced its position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 61.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,336 shares of the technology company's stock after selling 36,343 shares during the period. Gotham Asset Management LLC's holdings in Verint Systems were worth $613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VRNT. Franklin Resources Inc. grew its stake in shares of Verint Systems by 9.5% during the third quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company's stock worth $968,000 after buying an additional 3,585 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Verint Systems by 13.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 95,064 shares of the technology company's stock worth $2,610,000 after buying an additional 11,285 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Verint Systems by 19.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 50,792 shares of the technology company's stock worth $1,394,000 after buying an additional 8,116 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Verint Systems by 19.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 106,556 shares of the technology company's stock worth $2,925,000 after purchasing an additional 17,123 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of Verint Systems by 32.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company's stock worth $21,298,000 after purchasing an additional 189,860 shares during the last quarter. Institutional investors own 94.95% of the company's stock.

Verint Systems Trading Down 1.5%

VRNT traded down $0.26 during trading on Friday, reaching $16.80. 620,699 shares of the stock traded hands, compared to its average volume of 801,869. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.01 billion, a PE ratio of 17.87, a P/E/G ratio of 0.97 and a beta of 1.45. The stock's 50-day moving average is $17.64 and its 200 day moving average is $22.70. Verint Systems Inc. has a 12 month low of $14.15 and a 12 month high of $38.17.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced 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). 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 quarter in the prior year, the company posted $1.07 EPS. Verint Systems's revenue for the quarter was down 4.4% on a year-over-year basis. Equities analysts anticipate that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Insider Activity

In other news, insider Peter Fante sold 9,439 shares of the company'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 transaction, the insider now owns 20,450 shares in the company, valued at approximately $337,425. This represents a 31.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the director now owns 28,473 shares in the company, valued at $457,561.11. This represents a 8.79% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

Analyst Ratings Changes

VRNT has been the topic of several analyst reports. Evercore ISI reduced their price objective on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a research note on Thursday, March 27th. Needham & Company LLC reissued a "buy" rating and issued a $30.00 price objective on shares of Verint Systems in a research note on Friday, April 25th. Wedbush reduced their price objective on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Wall Street Zen cut shares of Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Royal Bank of Canada reduced their price objective on shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.33.

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.