Verint Systems Inc. (NASDAQ:VRNT) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in Verint Systems Inc. (NASDAQ:VRNT) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 290,763 shares of the technology company’s stock after selling 19,774 shares during the quarter. JPMorgan Chase & Co.’s holdings in Verint Systems were worth $7,365,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP grew its holdings in shares of Verint Systems by 160.9% in the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after purchasing an additional 489 shares in the last quarter. Quantbot Technologies LP purchased a new position in Verint Systems in the 3rd quarter valued at approximately $58,000. CWM LLC grew its stake in shares of Verint Systems by 135.0% in the third quarter. CWM LLC now owns 5,660 shares of the technology company’s stock worth $143,000 after acquiring an additional 3,251 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Verint Systems during the second quarter worth $202,000. Finally, FMR LLC raised its stake in shares of Verint Systems by 312.3% in the third quarter. FMR LLC now owns 10,065 shares of the technology company’s stock valued at $255,000 after acquiring an additional 7,624 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Verint Systems Stock Performance

NASDAQ:VRNT opened at $25.88 on Wednesday. The firm’s fifty day simple moving average is $26.27 and its 200 day simple moving average is $27.81. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.25 and a beta of 1.24. Verint Systems Inc. has a twelve month low of $21.27 and a twelve month high of $38.17. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VRNT shares. Royal Bank of Canada restated an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research note on Thursday, December 5th. Wedbush reiterated an “outperform” rating and set a $38.00 target price on shares of Verint Systems in a research note on Thursday, September 26th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a report on Friday, January 10th. Jefferies Financial Group lifted their price target on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Finally, StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.67.

Insider Buying and Selling at Verint Systems

In related news, CFO Grant A. Highlander sold 12,880 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the completion of the transaction, the chief financial officer now owns 117,137 shares in the company, valued at $3,426,257.25. The trade was a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter Fante sold 16,233 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total value of $446,732.16. Following the completion of the sale, the insider now directly owns 73,314 shares in the company, valued at $2,017,601.28. This represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

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.