UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in Verint Systems Inc. (NASDAQ:VRNT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 876,062 shares of the technology company's stock after selling 71,197 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.41% of Verint Systems worth $24,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Sherbrooke Park Advisers LLC purchased a new stake in shares of Verint Systems during the 4th quarter valued at about $768,000. ProShare Advisors LLC lifted its holdings in Verint Systems by 32.4% during the fourth quarter. ProShare Advisors LLC now owns 22,769 shares of the technology company's stock valued at $625,000 after purchasing an additional 5,571 shares in the last quarter. Man Group plc purchased a new position in shares of Verint Systems in the fourth quarter worth $221,000. Millennium Management LLC lifted its holdings in shares of Verint Systems by 62.1% in the fourth quarter. Millennium Management LLC now owns 516,438 shares of the technology company's stock worth $14,176,000 after buying an additional 197,893 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Verint Systems by 12.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 243,629 shares of the technology company's stock valued at $6,688,000 after purchasing an additional 26,514 shares in the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VRNT. Royal Bank of Canada cut 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 report on Thursday, March 27th. Needham & Company LLC reiterated a "buy" rating and set a $30.00 target price on shares of Verint Systems in a research report on Friday, April 25th. 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 note on Friday, March 28th. Wall Street Zen cut shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Evercore ISI dropped their target price 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. 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, Verint Systems currently has an average rating of "Moderate Buy" and an average target price of $30.33.

Insiders Place Their Bets

In other Verint Systems news, Director Stephen J. Gold sold 2,744 shares of the 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 of the company's stock, valued at approximately $457,561.11. This represents a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Peter Fante sold 9,439 shares of the 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 directly owns 20,450 shares of the company's stock, valued at approximately $337,425. The trade was 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 company insiders.

Verint Systems Stock Down 1.5%

Verint Systems stock traded down $0.27 during midday trading on Friday, hitting $17.61. 1,026,623 shares of the company's stock were exchanged, compared to its average volume of 807,964. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. Verint Systems Inc. has a 12 month low of $14.15 and a 12 month high of $38.17. The firm has a 50-day moving average of $17.27 and a two-hundred day moving average of $22.52. The company has a market cap of $1.06 billion, a PE ratio of 18.73, a P/E/G ratio of 0.97 and a beta of 1.45.

Verint Systems (NASDAQ:VRNT - Get Free Report) last issued 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). Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The business had revenue of $253.50 million for the quarter, compared to the consensus estimate of $276.82 million. During the same quarter in the previous year, the company earned $1.07 earnings per share. The firm's revenue was down 4.4% on a year-over-year basis. As a group, analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

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.