Verint Systems Inc. (NASDAQ:VRNT) Shares Sold by State of Wyoming

State of Wyoming decreased its position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 73.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,738 shares of the technology company's stock after selling 24,574 shares during the period. State of Wyoming's holdings in Verint Systems were worth $240,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sherbrooke Park Advisers LLC purchased a new stake in Verint Systems in the fourth quarter valued at about $768,000. ProShare Advisors LLC raised its position in shares of Verint Systems by 32.4% in the 4th 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 during the last quarter. Man Group plc acquired a new stake in Verint Systems in the 4th quarter worth approximately $221,000. Millennium Management LLC boosted its stake in Verint Systems by 62.1% in the 4th quarter. Millennium Management LLC now owns 516,438 shares of the technology company's stock worth $14,176,000 after purchasing an additional 197,893 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 buying an additional 26,514 shares during the last quarter. Institutional investors own 94.95% of the company's stock.

Verint Systems Stock Performance

VRNT stock traded up $0.11 during trading on Wednesday, hitting $17.25. 884,730 shares of the company traded hands, compared to its average volume of 801,372. Verint Systems Inc. has a 1 year low of $14.15 and a 1 year high of $38.17. The company has a market cap of $1.04 billion, a PE ratio of 18.35, a P/E/G ratio of 0.97 and a beta of 1.45. The stock's 50-day simple moving average is $17.44 and its 200 day simple moving average is $22.60. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its earnings results 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 firm had revenue of $253.50 million for the quarter, compared to analysts' expectations of $276.82 million. During the same period last year, the firm earned $1.07 earnings per share. Verint Systems's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Transactions at Verint Systems

In other news, insider Peter Fante sold 9,439 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen J. Gold sold 2,744 shares of the business'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 approximately $457,561.11. The trade was a 8.79% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

VRNT has been the topic of several research analyst reports. Evercore ISI dropped their price target on 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. Wall Street Zen lowered Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Royal Bank of Canada cut their price target on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a report on Thursday, March 27th. Needham & Company LLC restated a "buy" rating and set a $30.00 price objective on shares of Verint Systems in a research note on Friday, April 25th. Finally, Wedbush dropped their price objective on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Three 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.33.

About Verint Systems

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.