Point72 Asia Singapore Pte. Ltd. Sells 5,069 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Point72 Asia Singapore Pte. Ltd. cut its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 76.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,593 shares of the technology company’s stock after selling 5,069 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Verint Systems were worth $51,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VRNT. Norges Bank bought a new stake in shares of Verint Systems in the fourth quarter valued at about $18,601,000. Hsbc Holdings PLC increased its holdings in Verint Systems by 276.4% during the fourth quarter. Hsbc Holdings PLC now owns 88,635 shares of the technology company’s stock worth $2,407,000 after buying an additional 65,088 shares during the last quarter. PEAK6 Investments LLC raised its holdings in shares of Verint Systems by 2,518.2% in the 4th quarter. PEAK6 Investments LLC now owns 81,857 shares of the technology company’s stock valued at $2,213,000 after purchasing an additional 85,242 shares during the period. Nebula Research & Development LLC bought a new stake in Verint Systems in the fourth quarter valued at approximately $859,000. Finally, Brevan Howard Capital Management LP acquired a new stake in Verint Systems during the 4th quarter valued at $1,305,000. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Stock Performance

Shares of Verint Systems stock opened at $25.33 on Tuesday. The company has a market cap of $1.56 billion, a P/E ratio of 52.77, a PEG ratio of 1.08 and a beta of 1.24. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $30.34 and a two-hundred day moving average price of $31.36. Verint Systems Inc. has a 1-year low of $18.41 and a 1-year high of $38.17.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $210.17 million during the quarter, compared to analyst estimates of $212.81 million. Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. Verint Systems’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share. As a group, analysts anticipate that Verint Systems Inc. will post 1.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Jefferies Financial Group decreased their target price on Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. 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 Thursday, September 5th. TD Cowen decreased their price objective on Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Evercore ISI cut their target price on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.67.

Insider Buying and Selling at Verint Systems

In other news, insider Peter Fante sold 6,330 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $163,630.50. Following the transaction, the insider now directly owns 91,334 shares of the company’s stock, valued at $2,360,983.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Dan Bodner sold 16,932 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $437,692.20. Following the completion of the sale, the chief executive officer now directly owns 592,832 shares of the company’s stock, valued at $15,324,707.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Fante sold 6,330 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $163,630.50. Following the completion of the transaction, the insider now directly owns 91,334 shares in the company, valued at approximately $2,360,983.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,811 shares of company stock valued at $874,014. Corporate insiders own 1.70% of the company’s stock.

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.