Allspring Global Investments Holdings LLC Acquires 27,259 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Allspring Global Investments Holdings LLC lifted its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 32.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,192 shares of the technology company’s stock after acquiring an additional 27,259 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.18% of Verint Systems worth $3,065,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of Verint Systems during the third quarter valued at approximately $58,000. KBC Group NV raised 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 acquiring an additional 1,449 shares in the last quarter. CWM LLC raised its holdings in shares of Verint Systems by 135.0% during the third quarter. CWM LLC now owns 5,660 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,251 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Verint Systems by 29.9% during the fourth 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. Finally, FMR LLC raised its holdings in shares of Verint Systems by 312.3% during the third quarter. FMR LLC now owns 10,065 shares of the technology company’s stock valued at $255,000 after acquiring an additional 7,624 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VRNT shares. Jefferies Financial Group upped their price target on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a report on Wednesday, January 15th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.67.

Verint Systems Stock Down 3.9 %

NASDAQ VRNT opened at $24.29 on Friday. The stock’s 50-day moving average price is $26.12 and its 200-day moving average price is $26.35. 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. The company has a market capitalization of $1.51 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 1.01 and a beta of 1.24.

Insider Buying and Selling

In related news, insider Peter Fante sold 16,233 shares of the 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 sale, the insider now owns 73,314 shares in the company, valued at approximately $2,017,601.28. This trade represents a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction dated 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 represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company 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.