Verint Systems Inc. (NASDAQ:VRNT) Shares Sold by Senvest Management LLC

Senvest Management LLC lowered its holdings in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 27.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,705,217 shares of the technology company's stock after selling 1,382,600 shares during the quarter. Verint Systems accounts for 3.9% of Senvest Management LLC's holdings, making the stock its 11th biggest position. Senvest Management LLC owned approximately 5.88% of Verint Systems worth $100,152,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Gotham Asset Management LLC raised its position in shares of Verint Systems by 2.5% during the first quarter. Gotham Asset Management LLC now owns 13,245 shares of the technology company's stock worth $493,000 after acquiring an additional 329 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Verint Systems by 3.2% during the 4th quarter. AQR Capital Management LLC now owns 11,324 shares of the technology company's stock valued at $411,000 after buying an additional 355 shares in the last quarter. Pathstone Family Office LLC lifted its stake in shares of Verint Systems by 4.5% during the fourth quarter. Pathstone Family Office LLC now owns 9,277 shares of the technology company's stock worth $337,000 after buying an additional 397 shares during the period. Great West Life Assurance Co. Can grew its stake in Verint Systems by 14.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company's stock valued at $190,000 after acquiring an additional 438 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Verint Systems by 0.7% in the 2nd quarter. Alliancebernstein L.P. now owns 78,754 shares of the technology company's stock valued at $2,761,000 after buying an additional 573 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target 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 research report on Wednesday, February 14th. StockNews.com raised Verint Systems from a "hold" rating to a "buy" rating in a research report on Thursday, March 14th. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Verint Systems in a research note on Thursday, March 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $35.20.

Verint Systems Stock Performance

NASDAQ:VRNT traded down $0.56 on Friday, hitting $30.54. The company's stock had a trading volume of 462,906 shares, compared to its average volume of 649,909. The stock has a fifty day moving average of $31.08 and a two-hundred day moving average of $26.62. The firm has a market capitalization of $1.92 billion, a P/E ratio of 105.31, a price-to-earnings-growth ratio of 1.30 and a beta of 1.20. Verint Systems Inc. has a one year low of $18.41 and a one year high of $40.28. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.49.

Insider Transactions at Verint Systems

In related news, insider Peter Fante sold 8,329 shares of Verint Systems stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $31.38, for a total transaction of $261,364.02. Following the transaction, the insider now owns 43,540 shares in the company, valued at approximately $1,366,285.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, President Elan Moriah sold 14,353 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $32.62, for a total value of $468,194.86. Following the transaction, the president now owns 79,953 shares in the company, valued at $2,608,066.86. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter Fante sold 8,329 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $31.38, for a total value of $261,364.02. Following the completion of the sale, the insider now directly owns 43,540 shares of the company's stock, valued at approximately $1,366,285.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,526 shares of company stock valued at $3,828,058. 2.20% of the stock is currently owned by company insiders.

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.