Two Sigma Investments LP reduced its position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,722 shares of the technology company's stock after selling 16,896 shares during the period. Two Sigma Investments LP owned about 0.08% of Verint Systems worth $1,392,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Plato Investment Management Ltd bought a new stake in shares of Verint Systems during the 4th quarter worth about $43,000. Headlands Technologies LLC bought a new stake in shares of Verint Systems during the 4th quarter worth about $52,000. Parkside Financial Bank & Trust bought a new stake in shares of Verint Systems during the 4th quarter worth about $52,000. Sterling Capital Management LLC boosted its stake in shares of Verint Systems by 808.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock worth $53,000 after acquiring an additional 1,713 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Verint Systems by 45.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock worth $54,000 after acquiring an additional 613 shares in the last quarter. Institutional investors own 94.95% of the company's stock.
Insider Buying and Selling
In related news, Director Stephen J. Gold sold 2,744 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was 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 of the company's stock, valued at $457,561.11. This trade represents a 8.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter Fante sold 9,439 shares of the firm's 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 sale, the insider now directly owns 20,450 shares of the company's stock, valued at $337,425. This represents a 31.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several analysts have recently issued reports on VRNT shares. Cowen reiterated a "buy" rating on shares of Verint Systems in a research note on Wednesday. Needham & Company LLC restated a "buy" rating and set a $30.00 target price on shares of Verint Systems in a research note on Thursday. Wall Street Zen downgraded Verint Systems from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Royal Bank of Canada decreased their target price on Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research note on Thursday, March 27th. Finally, Wedbush restated an "outperform" rating and set a $30.00 target price on shares of Verint Systems in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $30.33.
Read Our Latest Stock Analysis on VRNT
Verint Systems Stock Performance
Shares of VRNT stock traded up $0.31 during mid-day trading on Friday, reaching $19.09. The stock had a trading volume of 1,416,103 shares, compared to its average volume of 817,137. The firm's 50 day simple moving average is $17.13 and its 200 day simple moving average is $22.26. 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 Inc. has a one year low of $14.15 and a one year high of $38.17. The firm has a market cap of $1.15 billion, a PE ratio of 20.31, a P/E/G ratio of 0.97 and a beta of 1.41.
Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). The firm had revenue of $173.62 million during the quarter, compared to the consensus estimate of $194.61 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. Verint Systems's revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. On average, analysts forecast that Verint Systems Inc. will post 1.92 EPS for the current year.
Verint Systems Company Profile
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Free Report)
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.
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