Duality Advisers LP Takes $1.07 Million Position in Verint Systems Inc. (NASDAQ:VRNT)

Duality Advisers LP acquired a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 39,510 shares of the technology company's stock, valued at approximately $1,068,000. Duality Advisers LP owned about 0.06% of Verint Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VRNT. Keybank National Association OH increased its position in Verint Systems by 4.0% in the third quarter. Keybank National Association OH now owns 16,642 shares of the technology company's stock worth $383,000 after purchasing an additional 639 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Verint Systems by 2.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 29,319 shares of the technology company's stock worth $792,000 after purchasing an additional 792 shares during the last quarter. CWM LLC increased its position in Verint Systems by 61.2% in the fourth quarter. CWM LLC now owns 2,110 shares of the technology company's stock worth $57,000 after purchasing an additional 801 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Verint Systems by 12.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,165 shares of the technology company's stock worth $356,000 after buying an additional 1,435 shares during the period. Finally, Verdence Capital Advisors LLC boosted its stake in Verint Systems by 20.2% during the third quarter. Verdence Capital Advisors LLC now owns 9,189 shares of the technology company's stock worth $211,000 after buying an additional 1,543 shares during the period. Institutional investors own 94.95% of the company's stock.

Verint Systems Price Performance

VRNT stock traded up $0.69 on Wednesday, reaching $31.04. 670,288 shares of the company's stock were exchanged, compared to its average volume of 551,407. The stock has a fifty day moving average of $31.00 and a 200-day moving average of $27.26. Verint Systems Inc. has a twelve month low of $18.41 and a twelve month high of $40.28. The firm has a market cap of $1.94 billion, a PE ratio of 107.03, a P/E/G ratio of 1.23 and a beta of 1.20. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.49.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. The company had revenue of $265.22 million for the quarter, compared to analyst estimates of $261.45 million. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. As a group, equities analysts predict that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, President Elan Moriah sold 14,353 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $32.62, for a total transaction of $468,194.86. Following the transaction, the president now directly owns 79,953 shares in the company, valued at $2,608,066.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction of $468,194.86. Following the sale, the president now directly owns 79,953 shares in the company, valued at approximately $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 33,472 shares of the firm's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $31.29, for a total value of $1,047,338.88. Following the sale, the chief executive officer now owns 860,630 shares in the company, valued at $26,929,112.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 227,360 shares of company stock worth $6,924,875. 2.20% of the stock is 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.