Choreo LLC Has $508,000 Stock Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Choreo LLC grew its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 29.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,500 shares of the technology company’s stock after acquiring an additional 4,209 shares during the period. Choreo LLC’s holdings in Verint Systems were worth $508,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of VRNT. Fisher Asset Management LLC boosted its holdings in Verint Systems by 26.5% in the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock worth $38,411,000 after purchasing an additional 317,804 shares in the last quarter. Global Alpha Capital Management Ltd. boosted its stake in shares of Verint Systems by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock worth $31,199,000 after acquiring an additional 227,000 shares in the last quarter. Disciplined Growth Investors Inc. MN acquired a new position in shares of Verint Systems during the 3rd quarter valued at about $5,083,000. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Verint Systems by 32.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock valued at $21,298,000 after acquiring an additional 189,860 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Verint Systems by 141.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 151,266 shares of the technology company’s stock valued at $3,832,000 after acquiring an additional 88,616 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Wall Street Analyst Weigh In

VRNT has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their target price on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a report on Friday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a report on Wednesday, January 15th. Finally, StockNews.com lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.67.

Insiders Place Their Bets

In other news, insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total transaction of $446,732.16. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Grant A. Highlander sold 12,880 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were 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 in the company, valued at approximately $3,426,257.25. This represents a 9.91 % 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 Trading Down 0.9 %

Shares of VRNT stock opened at $26.02 on Wednesday. The firm has a market capitalization of $1.62 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.00 and a beta of 1.24. Verint Systems Inc. has a 1 year low of $21.27 and a 1 year high of $38.17. The firm’s fifty day simple moving average is $26.78 and its 200 day simple moving average is $26.73. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

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.