Dimensional Fund Advisors LP Has $61.79 Million Stock Position in Verint Systems Inc. (NASDAQ:VRNT)

Dimensional Fund Advisors LP boosted its position in Verint Systems Inc. (NASDAQ:VRNT) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,918,925 shares of the technology company’s stock after acquiring an additional 73,441 shares during the period. Dimensional Fund Advisors LP owned 3.11% of Verint Systems worth $61,792,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in VRNT. Nomura Holdings Inc. lifted its position in shares of Verint Systems by 565.7% during the fourth quarter. Nomura Holdings Inc. now owns 58,250 shares of the technology company’s stock valued at $1,574,000 after purchasing an additional 49,500 shares in the last quarter. Norges Bank bought a new position in shares of Verint Systems in the fourth quarter valued at approximately $18,601,000. Vanguard Group Inc. increased its stake in Verint Systems by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 7,182,580 shares of the technology company’s stock worth $194,145,000 after acquiring an additional 73,592 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Verint Systems during the 4th quarter valued at $34,172,000. Finally, Nebula Research & Development LLC purchased a new stake in Verint Systems in the fourth quarter worth approximately $859,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on VRNT shares. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Evercore ISI cut their price objective on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday, September 5th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a report on Thursday, September 5th. Jefferies Financial Group decreased their target price on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research report on Thursday, September 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $38.00 price target on shares of Verint Systems in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Verint Systems has an average rating of “Moderate Buy” and an average price target of $34.67.

Insider Buying and Selling

In related news, CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $437,692.20. Following the completion of the sale, the chief executive officer now directly owns 592,832 shares in the company, valued at $15,324,707.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Verint Systems news, CFO Grant A. Highlander sold 3,389 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $87,605.65. Following the sale, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at $3,393,251.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dan Bodner sold 16,932 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $437,692.20. Following the completion of the sale, the chief executive officer now owns 592,832 shares in the company, valued at approximately $15,324,707.20. The disclosure for this sale can be found here. Insiders have sold a total of 33,811 shares of company stock valued at $874,014 over the last quarter. 1.70% of the stock is owned by corporate insiders.

Verint Systems Trading Up 0.5 %

VRNT stock opened at $25.57 on Friday. Verint Systems Inc. has a 1-year low of $18.41 and a 1-year high of $38.17. The business has a 50 day simple moving average of $30.51 and a two-hundred day simple moving average of $31.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 53.27, a PEG ratio of 1.05 and a beta of 1.24.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The company had revenue of $210.17 million during the quarter, compared to analysts’ expectations of $212.81 million. Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 EPS. Research analysts anticipate that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

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.