Victory Capital Management Inc. Trims Stake in Verint Systems Inc. (NASDAQ:VRNT)

Victory Capital Management Inc. lessened its holdings in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,886,022 shares of the technology company's stock after selling 88,622 shares during the period. Victory Capital Management Inc. owned 6.17% of Verint Systems worth $105,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VRNT. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Verint Systems by 56.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company's stock worth $17,772,000 after acquiring an additional 235,900 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position 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 period. DekaBank Deutsche Girozentrale raised its stake in shares of Verint Systems by 276.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 128,667 shares of the technology company's stock valued at $2,969,000 after purchasing an additional 94,483 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in shares of Verint Systems during the 3rd quarter valued at about $962,000. Finally, California Public Employees Retirement System increased its stake in Verint Systems by 7.0% in the third quarter. California Public Employees Retirement System now owns 320,663 shares of the technology company's stock valued at $7,372,000 after acquiring an additional 20,981 shares during the period. Institutional investors and hedge funds own 94.95% of the company's stock.

Insider Buying and Selling at Verint Systems

In other Verint Systems news, Director Richard N. Nottenburg sold 5,274 shares of Verint Systems stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $31.17, for a total value of $164,390.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Verint Systems news, Director Richard N. Nottenburg sold 5,274 shares of the business's stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $31.17, for a total transaction of $164,390.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dan Bodner sold 33,472 shares of Verint Systems stock in a transaction 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 of the company's stock, valued at approximately $26,929,112.70. The disclosure for this sale can be found here. Insiders sold a total of 158,988 shares of company stock worth $4,873,715 over the last three months. Company insiders own 2.20% of the company's stock.

Verint Systems Price Performance

Shares of Verint Systems stock traded up $0.47 during trading on Friday, hitting $31.25. The stock had a trading volume of 598,992 shares, compared to its average volume of 545,474. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.49. The business's 50-day moving average is $30.90 and its 200 day moving average is $27.60. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 107.76, a P/E/G ratio of 1.29 and a beta of 1.21. Verint Systems Inc. has a 12 month low of $18.41 and a 12 month high of $40.28.

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

Analyst Ratings Changes

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

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.