Vanguard Group Inc. Reduces Stock Position in Verint Systems Inc. (NASDAQ:VRNT)

Vanguard Group Inc. decreased its holdings in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 9.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,108,988 shares of the technology company's stock after selling 737,341 shares during the quarter. Vanguard Group Inc. owned approximately 11.28% of Verint Systems worth $163,436,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its holdings in Verint Systems by 5.4% in the first quarter. BlackRock Inc. now owns 5,286,849 shares of the technology company's stock valued at $196,882,000 after buying an additional 270,971 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Verint Systems by 15.8% in the fourth quarter. Victory Capital Management Inc. now owns 4,425,278 shares of the technology company's stock valued at $160,549,000 after buying an additional 604,112 shares during the last quarter. RGM Capital LLC grew its holdings in shares of Verint Systems by 1.4% during the third quarter. RGM Capital LLC now owns 3,011,394 shares of the technology company's stock valued at $69,232,000 after purchasing an additional 42,732 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Verint Systems by 6.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company's stock valued at $58,106,000 after purchasing an additional 154,285 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Verint Systems by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,687,253 shares of the technology company's stock valued at $62,829,000 after purchasing an additional 132,891 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

Insider Buying and Selling

In other Verint Systems news, CEO Dan Bodner sold 33,472 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total value of $1,047,338.88. Following the completion of the sale, the chief executive officer now directly owns 860,630 shares in the company, valued at $26,929,112.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Verint Systems news, CEO Dan Bodner sold 33,472 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total value of $1,047,338.88. Following the completion of the sale, the chief executive officer now directly owns 860,630 shares in the company, valued at $26,929,112.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Elan Moriah sold 14,353 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $32.62, for a total value of $468,194.86. Following the completion of the sale, the president now owns 79,953 shares of the company's stock, valued at $2,608,066.86. The disclosure for this sale can be found here. Insiders sold 116,197 shares of company stock valued at $3,566,694 in the last three months. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

VRNT has been the subject of several recent research reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 target price on shares of Verint Systems in a report on Thursday, March 28th. StockNews.com raised Verint Systems from a "hold" rating to a "buy" rating in a report on Thursday, March 14th. Oppenheimer reaffirmed a "market perform" rating on shares of Verint Systems in a report on Thursday, March 28th. TheStreet raised Verint Systems from a "d+" rating to a "c-" rating in a report on Wednesday, February 14th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $40.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $35.20.

Verint Systems Stock Performance

VRNT stock traded down $1.34 on Tuesday, reaching $31.13. The company's stock had a trading volume of 788,648 shares, compared to its average volume of 541,658. Verint Systems Inc. has a 52 week low of $18.41 and a 52 week high of $40.28. The company has a market capitalization of $1.94 billion, a P/E ratio of 107.35, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20. The firm has a fifty day moving average of $31.01 and a two-hundred day moving average of $26.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.34.

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.