Verint Systems Inc. (NASDAQ:VRNT) Stock Holdings Increased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 13.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,064 shares of the technology company’s stock after buying an additional 11,285 shares during the period. Assenagon Asset Management S.A. owned about 0.15% of Verint Systems worth $2,610,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division lifted its position in shares of Verint Systems by 29.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock valued at $194,000 after acquiring an additional 1,630 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Verint Systems by 9.5% in the third quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock valued at $968,000 after purchasing an additional 3,585 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Verint Systems in the third quarter valued at $311,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of Verint Systems by 7.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 58,880 shares of the technology company’s stock worth $1,491,000 after buying an additional 3,938 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Verint Systems by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock valued at $38,004,000 after buying an additional 4,034 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Insiders Place Their Bets

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 117,137 shares of the company’s stock, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Peter Fante sold 16,233 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total value of $446,732.16. Following the transaction, the insider now owns 73,314 shares of the company’s stock, valued at approximately $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. Company insiders own 1.70% of the company’s stock.

Verint Systems Stock Performance

VRNT opened at $25.15 on Thursday. 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 company has a market cap of $1.57 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 1.06 and a beta of 1.24. The stock has a 50-day moving average of $26.35 and a 200-day moving average of $27.49. Verint Systems Inc. has a 52-week low of $21.27 and a 52-week high of $38.17.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VRNT shares. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research note on Wednesday, January 15th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research report on Friday, January 10th. StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. 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. Finally, Jefferies Financial Group boosted their price target on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.