Jane Street Group LLC Decreases Stock Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Jane Street Group LLC reduced its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 15.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,926 shares of the technology company’s stock after selling 15,821 shares during the quarter. Jane Street Group LLC owned approximately 0.14% of Verint Systems worth $2,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Quarry LP raised its stake in shares of Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after acquiring an additional 489 shares during the last quarter. Innealta Capital LLC purchased a new position in Verint Systems during the 2nd quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Verint Systems during the 2nd quarter valued at approximately $43,000. Quantbot Technologies LP purchased a new stake in Verint Systems in the 3rd quarter worth approximately $58,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Verint Systems in the 2nd quarter worth approximately $138,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Evercore ISI decreased their target price on Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a report on Thursday, September 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research report on Thursday, December 5th. TD Cowen reduced their price target 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. Jefferies Financial Group raised their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Finally, StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.67.

Verint Systems Price Performance

Shares of NASDAQ VRNT opened at $27.44 on Tuesday. The company has a 50 day simple moving average of $24.90 and a two-hundred day simple moving average of $28.76. Verint Systems Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $38.17. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 1.25 and a beta of 1.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32.

Insider Activity at Verint Systems

In related news, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total transaction of $376,740.00. Following the sale, the chief financial officer now directly owns 117,137 shares of the company’s stock, valued at approximately $3,426,257.25. This represents a 9.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $27.52, for a total transaction of $446,732.16. Following the completion of the transaction, the insider now directly owns 73,314 shares of the company’s stock, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

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.