Verint Systems Inc. (NASDAQ:VRNT) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 52.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 195,799 shares of the technology company's stock after buying an additional 67,132 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.31% of Verint Systems worth $5,321,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of Verint Systems by 241.8% during the third quarter. CWM LLC now owns 1,309 shares of the technology company's stock valued at $30,000 after buying an additional 926 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Verint Systems in the 1st quarter worth $35,000. Tower Research Capital LLC TRC raised its stake in shares of Verint Systems by 60.2% in the first quarter. Tower Research Capital LLC TRC now owns 1,801 shares of the technology company's stock worth $67,000 after purchasing an additional 677 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Verint Systems during the third quarter valued at $117,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Verint Systems during the third quarter valued at $122,000. 94.95% of the stock is owned by institutional investors.

Verint Systems Stock Performance

VRNT traded down $0.61 during trading on Friday, hitting $30.26. The company's stock had a trading volume of 557,463 shares, compared to its average volume of 546,883. Verint Systems Inc. has a one year low of $18.41 and a one year high of $40.28. The business's 50 day simple moving average is $31.23 and its 200-day simple moving average is $26.84. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The firm has a market cap of $1.91 billion, a PE ratio of 104.35, a P/E/G ratio of 1.30 and a beta of 1.20.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Verint Systems news, CEO Dan Bodner sold 68,372 shares of the business's stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $30.00, for a total transaction of $2,051,160.00. Following the completion of the sale, the chief executive officer now owns 924,102 shares of the company's stock, valued at $27,723,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Verint Systems news, President Elan Moriah sold 14,353 shares of the company'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 completion of the sale, the president now owns 79,953 shares in the company, valued at $2,608,066.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Dan Bodner sold 68,372 shares of the company's stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $30.00, for a total value of $2,051,160.00. Following the completion of the sale, the chief executive officer now owns 924,102 shares of the company's stock, valued at approximately $27,723,060. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,526 shares of company stock valued at $3,828,058. 2.20% of the stock is owned by company insiders.

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.