State Street Corp Buys 23,400 Shares of Verint Systems Inc. (NASDAQ:VRNT)

State Street Corp grew its stake in Verint Systems Inc. (NASDAQ:VRNT) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,573,801 shares of the technology company’s stock after buying an additional 23,400 shares during the period. State Street Corp owned approximately 2.54% of Verint Systems worth $39,864,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VRNT. Quarry LP lifted its holdings in shares of Verint Systems by 160.9% during the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after acquiring an additional 489 shares during the last quarter. Innealta Capital LLC purchased a new stake in Verint Systems during the second quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Verint Systems during the second quarter worth about $43,000. Quantbot Technologies LP purchased a new position in shares of Verint Systems in the 3rd quarter worth about $58,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Verint Systems during the 2nd quarter valued at about $138,000. Institutional investors own 94.95% of the company’s stock.

Insider Activity

In other news, CFO Grant A. Highlander sold 12,880 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the sale, the chief financial officer now directly owns 117,137 shares in the company, valued at $3,426,257.25. This represents a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.70% of the company’s stock.

Verint Systems Stock Down 1.5 %

Verint Systems stock opened at $26.87 on Friday. Verint Systems Inc. has a one year low of $21.27 and a one year high of $38.17. The stock has a fifty day moving average of $24.83 and a 200 day moving average of $28.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The stock has a market cap of $1.67 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research report on Thursday, December 5th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research note 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a report on Thursday, December 5th. Finally, Evercore ISI dropped their target price 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.67.

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.