Verint Systems Inc. (NASDAQ:VRNT) Stock Holdings Raised by Millennium Management LLC

Millennium Management LLC raised its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 62.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 516,438 shares of the technology company's stock after purchasing an additional 197,893 shares during the period. Millennium Management LLC owned 0.83% of Verint Systems worth $14,176,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Verint Systems in the 4th quarter worth about $5,276,000. KLP Kapitalforvaltning AS bought a new stake in shares of Verint Systems in the 4th quarter worth about $321,000. Fort Washington Investment Advisors Inc. OH increased its position in shares of Verint Systems by 32.4% in the 4th 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. Northern Trust Corp increased its position in shares of Verint Systems by 1.5% in the 4th quarter. Northern Trust Corp now owns 639,234 shares of the technology company's stock worth $17,547,000 after purchasing an additional 9,361 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Verint Systems in the 4th quarter valued at about $1,484,000. Institutional investors own 94.95% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on VRNT. Evercore ISI decreased their price target on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a report on Thursday, March 27th. Wall Street Zen lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $30.00 price target on shares of Verint Systems in a report on Friday, April 25th. Wedbush decreased their price target on shares of Verint Systems from $38.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Finally, Royal Bank of Canada decreased their price target on shares of Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.33.

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 shares were sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the sale, the insider now directly owns 20,450 shares of the company's stock, valued at approximately $337,425. This represents a 31.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen J. Gold sold 2,744 shares of the company's stock in a transaction that occurred 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. This represents a 8.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

Verint Systems Trading Up 3.1%

Verint Systems stock opened at $17.06 on Friday. 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 firm has a 50-day moving average price of $17.75 and a two-hundred day moving average price of $22.75. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 0.97 and a beta of 1.45. Verint Systems Inc. has a 52-week low of $14.15 and a 52-week high of $38.17.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). The firm had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 earnings per share. Sell-side analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current year.

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.

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