Verint Systems Inc. (NASDAQ:VRNT) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 0.3% during the third quarter, Holdings Channel.com reports. The fund owned 1,500,087 shares of the technology company’s stock after purchasing an additional 4,034 shares during the period. Geode Capital Management LLC’s holdings in Verint Systems were worth $38,004,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VRNT. Allspring Global Investments Holdings LLC increased its position in shares of Verint Systems by 154.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 168,332 shares of the technology company’s stock valued at $5,420,000 after purchasing an additional 102,225 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Verint Systems during the 2nd quarter valued at about $43,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Verint Systems by 11.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,586 shares of the technology company’s stock worth $405,000 after purchasing an additional 1,272 shares during the last quarter. Innealta Capital LLC bought a new stake in Verint Systems during the second quarter worth approximately $36,000. Finally, Fort Washington Investment Advisors Inc. OH grew its position in Verint Systems by 35.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock worth $26,242,000 after buying an additional 211,570 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Wall Street Analysts Forecast Growth

VRNT has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Evercore ISI decreased their price target on Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research report on Thursday, September 5th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Thursday, December 5th. Wedbush reaffirmed an “outperform” rating and set a $38.00 price objective on shares of Verint Systems in a research note on Thursday, September 26th. Finally, TD Cowen dropped their target price on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Trading Down 0.9 %

NASDAQ:VRNT opened at $27.19 on Wednesday. The stock’s 50-day moving average is $25.05 and its two-hundred day moving average is $28.63. 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 stock has a market cap of $1.69 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28. Verint Systems Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $38.17.

Insider Buying and Selling

In related news, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction 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 sale, the chief financial officer now owns 117,137 shares of the company’s stock, valued at approximately $3,426,257.25. This trade represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Fante sold 16,233 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $27.52, for a total value of $446,732.16. Following the completion of the transaction, the insider now owns 73,314 shares in the company, valued at $2,017,601.28. This trade represents a 18.13 % 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 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.