California Public Employees Retirement System Cuts Stock Position in Verint Systems Inc. (NASDAQ:VRNT)

California Public Employees Retirement System reduced its position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 63.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 117,301 shares of the technology company's stock after selling 203,362 shares during the period. California Public Employees Retirement System owned about 0.19% of Verint Systems worth $3,171,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in Verint Systems by 75.5% in the 3rd quarter. SG Americas Securities LLC now owns 21,921 shares of the technology company's stock valued at $504,000 after acquiring an additional 9,433 shares in the last quarter. Bailard Inc. acquired a new stake in Verint Systems in the 3rd quarter valued at about $400,000. Verdence Capital Advisors LLC increased its position in Verint Systems by 20.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,189 shares of the technology company's stock valued at $211,000 after acquiring an additional 1,543 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Verint Systems by 18.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,730 shares of the technology company's stock valued at $270,000 after acquiring an additional 1,808 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in Verint Systems in the 3rd quarter valued at about $1,186,000. 94.95% of the stock is owned by institutional investors.

Verint Systems Stock Up 0.9 %

VRNT traded up $0.28 during trading on Monday, reaching $31.53. The company had a trading volume of 364,555 shares, compared to its average volume of 543,395. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.34. Verint Systems Inc. has a 12 month low of $18.41 and a 12 month high of $40.28. The business's fifty day moving average price is $30.91 and its 200 day moving average price is $27.78. The company has a market cap of $1.97 billion, a P/E ratio of 107.76, a PEG ratio of 1.32 and a beta of 1.21.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, beating 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 firm had revenue of $265.22 million for the quarter, compared to analyst estimates of $261.45 million. Equities analysts anticipate that Verint Systems Inc. will post 1.97 EPS for the current year.

Insider Transactions at Verint Systems

In other news, CFO Grant A. Highlander sold 2,062 shares of the business's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $30.09, for a total value of $62,045.58. Following the sale, the chief financial officer now owns 82,442 shares of the company's stock, valued at $2,480,679.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Grant A. Highlander sold 2,062 shares of the business'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 $62,045.58. Following the completion of the sale, the chief financial officer now directly owns 82,442 shares in the company, valued at approximately $2,480,679.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dan Bodner sold 35,039 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $30.00, for a total value of $1,051,170.00. Following the transaction, the chief executive officer now owns 991,748 shares in the company, valued at approximately $29,752,440. The disclosure for this sale can be found here. Insiders have sold a total of 158,988 shares of company stock valued at $4,873,715 over the last 90 days. 2.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price objective on shares of Verint Systems in a research report on Thursday, March 28th. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. Oppenheimer reiterated 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 report on Thursday, March 14th. Finally, TheStreet upgraded shares of Verint Systems from a "d+" rating to a "c-" rating in a report on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.