Verint Systems Inc. (NASDAQ:VRNT) Shares Bought by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. raised its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 34.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 201,700 shares of the technology company's stock after buying an additional 51,700 shares during the period. Oberweis Asset Management Inc. owned about 0.32% of Verint Systems worth $5,537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of VRNT. Plato Investment Management Ltd purchased a new stake in Verint Systems during the fourth quarter valued at $43,000. Headlands Technologies LLC bought a new stake in Verint Systems during the fourth quarter valued at approximately $52,000. Parkside Financial Bank & Trust purchased a new stake in Verint Systems during the fourth quarter valued at approximately $52,000. Sterling Capital Management LLC increased its holdings in Verint Systems by 808.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock valued at $53,000 after buying an additional 1,713 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Verint Systems by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company's stock worth $54,000 after acquiring an additional 613 shares during the period. 94.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on VRNT shares. Royal Bank of Canada reduced their price objective on Verint Systems from $36.00 to $29.00 and set an "outperform" rating for the company in a research note on Thursday, March 27th. StockNews.com lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Needham & Company LLC reiterated a "buy" rating and issued a $30.00 price target on shares of Verint Systems in a report on Friday, April 25th. Evercore ISI dropped their price objective on shares of Verint Systems from $34.00 to $23.00 and set an "in-line" rating for the company in a report on Thursday, March 27th. Finally, Wedbush decreased their target price on Verint Systems from $38.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, March 28th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Verint Systems has an average rating of "Moderate Buy" and an average target price of $30.33.

Insider Activity at Verint Systems

In related news, insider Peter Fante sold 9,439 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the transaction, the insider now owns 20,450 shares of the company's stock, valued at $337,425. The trade was a 31.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen J. Gold sold 2,744 shares of the stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $16.07, for a total value of $44,096.08. Following the sale, the director now directly owns 28,473 shares in the company, valued at $457,561.11. This trade represents a 8.79 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Verint Systems Trading Down 3.9 %

Shares of NASDAQ:VRNT traded down $0.72 during trading hours on Wednesday, hitting $17.55. 140,433 shares of the company's stock traded hands, compared to its average volume of 789,538. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The business has a fifty day moving average price of $19.32 and a 200-day moving average price of $23.28. Verint Systems Inc. has a 1 year low of $14.15 and a 1 year high of $38.17. The firm has a market capitalization of $1.09 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.27 by ($0.28). The company had revenue of $253.50 million during the quarter, compared to the consensus estimate of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The company's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 earnings per share. Equities analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current year.

Verint Systems Company 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.