Fisher Asset Management LLC lowered its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 14.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 942,969 shares of the technology company's stock after selling 154,390 shares during the period. Fisher Asset Management LLC owned 1.50% of Verint Systems worth $25,488,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. CWM LLC raised 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 worth $30,000 after purchasing an additional 926 shares during the period. Headlands Technologies LLC bought a new position in Verint Systems in the third quarter worth about $117,000. AlphaMark Advisors LLC acquired a new position in Verint Systems in the third quarter valued at approximately $166,000. Nomura Holdings Inc. bought a new position in shares of Verint Systems during the third quarter valued at approximately $201,000. Finally, Empirical Asset Management LLC bought a new position in shares of Verint Systems during the fourth quarter valued at approximately $210,000. Institutional investors and hedge funds own 94.95% of the company's stock.
Insider Transactions at Verint Systems
In related news, CEO Dan Bodner sold 44,335 shares of Verint Systems stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $30.09, for a total transaction of $1,334,040.15. Following the transaction, the chief executive officer now directly owns 898,234 shares of the company's stock, valued at $27,027,861.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Peter Fante sold 6,244 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $30.09, for a total transaction of $187,881.96. Following the completion of the sale, the insider now owns 50,511 shares in the company, valued at approximately $1,519,875.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dan Bodner sold 44,335 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $30.09, for a total value of $1,334,040.15. Following the sale, the chief executive officer now directly owns 898,234 shares of the company's stock, valued at $27,027,861.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 158,988 shares of company stock valued at $4,873,715. Corporate insiders own 2.20% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on VRNT. TheStreet upgraded Verint Systems from a "d+" rating to a "c-" rating in a research report on Wednesday, February 14th. Oppenheimer restated a "market perform" rating on shares of Verint Systems in a research report on Thursday, March 28th. StockNews.com upgraded shares of Verint Systems from a "hold" rating to a "buy" rating in a research report on Thursday, March 14th. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 target price on shares of Verint Systems in a research report on Thursday, March 28th. Finally, Needham & Company LLC restated a "buy" rating and issued a $40.00 price target on shares of Verint Systems in a research note on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $35.20.
Check Out Our Latest Report on Verint Systems
Verint Systems Price Performance
VRNT traded up $0.47 on Friday, reaching $31.25. The company had a trading volume of 599,407 shares, compared to its average volume of 548,247. The company has a market capitalization of $1.95 billion, a P/E ratio of 107.76, a PEG ratio of 1.32 and a beta of 1.21. 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 company has a fifty day moving average of $30.91 and a 200-day moving average of $27.72. Verint Systems Inc. has a one year low of $18.41 and a one year high of $40.28.
Verint Systems (NASDAQ:VRNT - Get Free Report) last issued its quarterly 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 net margin of 4.24% and a return on equity of 16.60%. The company had revenue of $265.22 million during the quarter, compared to analyst estimates of $261.45 million. As a group, equities research analysts anticipate that Verint Systems Inc. will post 1.97 earnings per share for the current year.
Verint Systems Profile
(
Free Report)
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.
Featured Stories
Before you consider Verint Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Verint Systems wasn't on the list.
While Verint Systems currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
