Verint Systems Inc. (NASDAQ:VRNT) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 1.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 651,741 shares of the technology company’s stock after purchasing an additional 7,409 shares during the period. Charles Schwab Investment Management Inc. owned 1.05% of Verint Systems worth $16,509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP raised its holdings in shares of Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after purchasing an additional 489 shares during the period. Innealta Capital LLC bought a new position in shares of Verint Systems during the second quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Verint Systems during the second quarter worth about $43,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Verint Systems during the second quarter worth about $138,000. Finally, CWM LLC grew its position in shares of Verint Systems by 135.0% during 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 during the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VRNT. Evercore ISI lowered 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 report on Thursday, September 5th. Wedbush reiterated an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research report on Thursday. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Finally, Jefferies Financial Group increased their target price on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Stock Performance

NASDAQ:VRNT opened at $30.63 on Friday. 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 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $23.86 and a 200-day moving average of $28.86. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 1.10 and a beta of 1.28.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.04). Verint Systems had a net margin of 8.49% and a return on equity of 16.04%. The business had revenue of $210.17 million for the quarter, compared to the consensus estimate of $212.81 million. During the same quarter last year, the business posted $0.22 EPS. The business’s revenue for the quarter was up .0% on a year-over-year basis. Analysts forecast that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Insider Activity

In other Verint Systems news, President Elan Moriah sold 7,160 shares of the company’s stock in a transaction dated 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 sale, the president now directly owns 139,251 shares of the company’s stock, valued at approximately $3,599,638.35. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Grant A. Highlander sold 3,389 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction 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. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,811 shares of company stock worth $874,014. Corporate insiders own 1.70% of the company’s stock.

About Verint Systems

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.