Natixis Raises Stake in Verint Systems Inc. (NASDAQ:VRNT)

Natixis raised its position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 11,060.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 85,264 shares of the technology company's stock after buying an additional 84,500 shares during the period. Natixis owned about 0.14% of Verint Systems worth $2,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in VRNT. Plato Investment Management Ltd acquired a new position in shares of Verint Systems during the 4th quarter worth approximately $43,000. Parkside Financial Bank & Trust acquired a new position in Verint Systems in the fourth quarter valued at approximately $52,000. Headlands Technologies LLC acquired a new position in Verint Systems in the fourth quarter valued at approximately $52,000. Sterling Capital Management LLC lifted its holdings in Verint Systems by 808.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock valued at $53,000 after acquiring an additional 1,713 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings 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 valued at $54,000 after acquiring an additional 613 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 transaction of $155,743.50. Following the transaction, the insider now directly owns 20,450 shares in the company, valued at approximately $337,425. This trade represents a 31.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, the director now owns 28,473 shares in the company, valued at approximately $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. 1.70% of the stock is owned by corporate insiders.

Verint Systems Stock Up 1.5 %

Shares of VRNT traded up $0.27 during mid-day trading on Friday, hitting $18.23. 903,841 shares of the company's stock were exchanged, compared to its average volume of 790,418. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 0.97 and a beta of 1.31. Verint Systems Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The stock's 50-day moving average is $19.62 and its 200-day moving average is $23.35.

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

Wall Street Analyst Weigh In

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

About Verint Systems

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.