Verint Systems Inc. (NASDAQ:VRNT) Position Boosted by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Verint Systems Inc. (NASDAQ:VRNT) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 751,930 shares of the technology company’s stock after acquiring an additional 65,344 shares during the quarter. Geode Capital Management LLC owned about 1.15% of Verint Systems worth $31,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of VRNT. Victory Capital Management Inc. grew its position in shares of Verint Systems by 58.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,010,944 shares of the technology company’s stock worth $85,083,000 after buying an additional 745,179 shares during the period. Global Alpha Capital Management Ltd. acquired a new stake in shares of Verint Systems during the 3rd quarter worth approximately $13,297,000. Fort Washington Investment Advisors Inc. OH grew its position in shares of Verint Systems by 56.6% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 690,694 shares of the technology company’s stock worth $29,223,000 after buying an additional 249,617 shares during the period. Hillcrest Asset Management LLC acquired a new stake in shares of Verint Systems during the 3rd quarter worth approximately $10,301,000. Finally, Panagora Asset Management Inc. grew its position in shares of Verint Systems by 91.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 416,542 shares of the technology company’s stock worth $20,869,000 after buying an additional 199,266 shares during the period. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Verint Systems stock traded up $0.38 during midday trading on Friday, hitting $60.59. 669,570 shares of the stock were exchanged, compared to its average volume of 834,422. Verint Systems Inc. has a 52 week low of $39.96 and a 52 week high of $63.94. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 2.00 and a beta of 1.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 1.48.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.08. Verint Systems had a net margin of 5.37% and a return on equity of 12.77%. The business had revenue of $330.20 million for the quarter, compared to analyst estimates of $332.54 million. During the same quarter last year, the firm earned $1.05 EPS. Verint Systems’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, analysts predict that Verint Systems Inc. will post 2.75 EPS for the current fiscal year.

In other Verint Systems news, insider Elan Moriah sold 11,559 shares of Verint Systems stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $62.46, for a total value of $721,975.14. Following the transaction, the insider now owns 82,108 shares of the company’s stock, valued at $5,128,465.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Douglas Robinson sold 3,757 shares of Verint Systems stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $62.86, for a total transaction of $236,165.02. Following the completion of the transaction, the chief financial officer now directly owns 170,878 shares in the company, valued at approximately $10,741,391.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,724 shares of company stock worth $6,756,296. Insiders own 1.40% of the company’s stock.

Several equities research analysts have recently commented on the stock. TheStreet upgraded shares of Verint Systems from a “c+” rating to a “b+” rating in a research report on Tuesday, February 19th. Imperial Capital lifted their price target on shares of Verint Systems from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, March 29th. Wedbush lifted their price target on shares of Verint Systems from $58.00 to $63.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. BidaskClub upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Finally, Jefferies Financial Group lifted their price objective on shares of Verint Systems from $66.00 to $72.00 and gave the stock a “positive” rating in a research note on Thursday, April 11th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $62.57.

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About Verint Systems

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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Institutional Ownership by Quarter for Verint Systems (NASDAQ:VRNT)

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