Nuveen Asset Management LLC Sells 178,978 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Nuveen Asset Management LLC trimmed its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 26.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 493,338 shares of the technology company's stock after selling 178,978 shares during the period. Nuveen Asset Management LLC owned about 0.79% of Verint Systems worth $13,542,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Plato Investment Management Ltd acquired a new stake in Verint Systems during the 4th quarter valued at $43,000. Parkside Financial Bank & Trust acquired a new stake in shares of Verint Systems during the fourth quarter worth $52,000. Headlands Technologies LLC acquired a new stake in shares of Verint Systems during the fourth quarter worth $52,000. Sterling Capital Management LLC boosted its holdings in shares of Verint Systems by 808.0% during 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 during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of 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 purchasing an additional 613 shares during the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Stock Down 1.5%

Shares of NASDAQ VRNT traded down $0.27 during mid-day trading on Friday, reaching $17.61. The company had a trading volume of 1,026,623 shares, compared to its average volume of 809,574. Verint Systems Inc. has a twelve month low of $14.15 and a twelve month high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The stock has a market capitalization of $1.06 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45. The stock's 50 day moving average is $17.19 and its 200-day moving average is $22.44.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). The business had revenue of $253.50 million during 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 company's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 earnings per share. As a group, equities analysts anticipate that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Verint Systems

In other Verint Systems 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 transaction of $44,096.08. Following the completion of the sale, the director now directly owns 28,473 shares in the company, valued at $457,561.11. This represents a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 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. Corporate insiders own 1.30% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on VRNT shares. Evercore ISI reduced their target price 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. Wall Street Zen lowered Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Wedbush cut their price objective on Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Royal Bank of Canada lowered their price objective on Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a 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 note on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.