Sherbrooke Park Advisers LLC Acquires New Shares in Verint Systems Inc. (NASDAQ:VRNT)

Sherbrooke Park Advisers LLC acquired a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 27,960 shares of the technology company's stock, valued at approximately $768,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VRNT. Franklin Resources Inc. lifted its holdings in shares of Verint Systems by 9.5% during the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company's stock valued at $968,000 after purchasing an additional 3,585 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Verint Systems by 13.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 95,064 shares of the technology company's stock valued at $2,610,000 after purchasing an additional 11,285 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Verint Systems by 19.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 50,792 shares of the technology company's stock valued at $1,394,000 after purchasing an additional 8,116 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Verint Systems by 19.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 106,556 shares of the technology company's stock valued at $2,925,000 after acquiring an additional 17,123 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of Verint Systems by 32.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company's stock valued at $21,298,000 after acquiring an additional 189,860 shares during the period. Hedge funds and other institutional investors own 94.95% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com downgraded Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Needham & Company LLC reissued a "buy" rating and issued a $30.00 target price on shares of Verint Systems in a research report on Friday, April 25th. Royal Bank of Canada cut their target price on Verint Systems from $36.00 to $29.00 and set an "outperform" rating on the stock in a research report on Thursday, March 27th. Wedbush cut their price target 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. Finally, Evercore ISI cut their price target on Verint Systems from $34.00 to $23.00 and set an "in-line" rating on the stock in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.33.

Verint Systems Price Performance

Shares of VRNT stock traded down $0.26 during mid-day trading on Monday, hitting $17.93. 418,589 shares of the stock were exchanged, compared to its average volume of 798,813. The firm has a fifty day moving average of $18.03 and a 200 day moving average of $22.86. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. Verint Systems Inc. has a 52-week low of $14.15 and a 52-week high of $38.17. The company has a market cap of $1.08 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45.

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

Insider Activity at Verint Systems

In other Verint Systems news, insider Peter Fante sold 9,439 shares of the firm'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 transaction, the insider now directly owns 20,450 shares of the company's stock, valued at $337,425. This trade represents a 31.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen J. Gold sold 2,744 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total transaction of $44,096.08. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

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.