Asset Management One Co. Ltd. Lowers Position in Verint Systems Inc. (NASDAQ:VRNT)

Asset Management One Co. Ltd. trimmed its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,773 shares of the technology company’s stock after selling 2,338 shares during the period. Asset Management One Co. Ltd. owned 0.13% of Verint Systems worth $2,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Lingohr Asset Management GmbH raised its position in Verint Systems by 3.7% during the third quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company’s stock valued at $507,000 after purchasing an additional 712 shares in the last quarter. KBC Group NV lifted its holdings in shares of Verint Systems by 75.0% during the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock valued at $93,000 after purchasing an additional 1,449 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in 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 worth $194,000 after acquiring an additional 1,630 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Verint Systems by 4.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 42,676 shares of the technology company’s stock valued at $1,081,000 after buying an additional 1,691 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Verint Systems by 18.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,858 shares of the technology company’s stock valued at $376,000 after buying an additional 2,272 shares during the last quarter. 94.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VRNT has been the subject of a number of recent research reports. Jefferies Financial Group boosted their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a report on Friday, January 10th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Finally, 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.67.

Insiders Place Their Bets

In other news, insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total transaction of $446,732.16. Following the completion of the sale, the insider now directly owns 73,314 shares in the company, valued at approximately $2,017,601.28. The trade was a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction 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. The trade was a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Verint Systems Stock Performance

Shares of VRNT stock opened at $26.40 on Thursday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 0.99 and a beta of 1.24. The company’s 50 day moving average is $26.32 and its 200 day moving average is $26.42. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. Verint Systems Inc. has a 52-week low of $21.27 and a 52-week high of $38.17.

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.