Cwm LLC Raises Stock Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Cwm LLC lifted its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 135.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,660 shares of the technology company’s stock after purchasing an additional 3,251 shares during the quarter. Cwm LLC’s holdings in Verint Systems were worth $143,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mesirow Institutional Investment Management Inc. bought a new stake in Verint Systems during the first quarter worth approximately $14,675,000. Victory Capital Management Inc. raised its holdings in Verint Systems by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock valued at $133,412,000 after buying an additional 232,499 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in Verint Systems by 35.1% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock valued at $26,242,000 after buying an additional 211,570 shares during the period. Vanguard Group Inc. lifted its position in Verint Systems by 2.6% in the first quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock worth $244,239,000 after buying an additional 185,105 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its stake in Verint Systems by 23.3% during the first quarter. Global Alpha Capital Management Ltd. now owns 968,303 shares of the technology company’s stock worth $32,099,000 after buying an additional 182,800 shares during the period. Institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Down 0.1 %

Shares of Verint Systems stock opened at $21.86 on Friday. The firm’s 50 day moving average price is $26.61 and its 200-day moving average price is $30.33. The company has a market cap of $1.35 billion, a P/E ratio of 45.54, a PEG ratio of 0.93 and a beta of 1.24. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. Verint Systems Inc. has a 52-week low of $18.41 and a 52-week high of $38.17.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The company had revenue of $210.17 million for the quarter, compared to analyst estimates of $212.81 million. During the same quarter in the previous year, the company posted $0.22 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, sell-side analysts predict that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VRNT shares. Evercore ISI dropped their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research note on Thursday, September 5th. Jefferies Financial Group dropped 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research note on Wednesday, September 25th. Wedbush reaffirmed an “outperform” rating and set a $38.00 price target on shares of Verint Systems in a research note on Thursday, September 26th. Finally, TD Cowen dropped their price objective on Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.67.

Insider Activity at Verint Systems

In other Verint Systems news, President Elan Moriah sold 7,160 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $185,086.00. Following the completion of the transaction, the president now directly owns 139,251 shares of the company’s stock, valued at approximately $3,599,638.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, President Elan Moriah sold 7,160 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $185,086.00. Following the sale, the president now owns 139,251 shares in the company, valued at $3,599,638.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter Fante sold 6,330 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $163,630.50. Following the transaction, the insider now owns 91,334 shares of the company’s stock, valued at $2,360,983.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,811 shares of company stock worth $874,014 over the last quarter. Insiders own 1.70% of the company’s stock.

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.