Verint Systems Inc. (NASDAQ:VRNT) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. decreased its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 76.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,593 shares of the technology company’s stock after selling 5,069 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Verint Systems were worth $51,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Quarry LP increased its holdings in Verint Systems by 160.9% in the second quarter. Quarry LP now owns 793 shares of the technology company’s stock valued at $26,000 after buying an additional 489 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Verint Systems in the first quarter valued at about $30,000. PNC Financial Services Group Inc. increased its stake in shares of Verint Systems by 764.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock worth $28,000 after purchasing an additional 917 shares in the last quarter. Innealta Capital LLC purchased a new stake in Verint Systems in the 2nd quarter worth approximately $36,000. Finally, FinTrust Capital Advisors LLC grew its stake in Verint Systems by 173.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after acquiring an additional 754 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

Insider Transactions at Verint Systems

In related news, CEO Dan Bodner sold 16,932 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were 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 owns 592,832 shares of the company’s stock, valued at $15,324,707.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Verint Systems news, CEO Dan Bodner sold 16,932 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $437,692.20. Following the completion of the transaction, the chief executive officer now directly owns 592,832 shares of the company’s stock, valued at $15,324,707.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Grant A. Highlander sold 3,389 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 $87,605.65. Following the completion of the sale, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at approximately $3,393,251.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,811 shares of company stock valued at $874,014. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on VRNT shares. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Jefferies Financial Group lowered their target price on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note on Wednesday, September 25th. Wedbush reiterated an “outperform” rating and issued a $38.00 price target on shares of Verint Systems in a report on Thursday, September 26th. Finally, TD Cowen reduced their target price on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.67.

Verint Systems Price Performance

VRNT opened at $23.79 on Friday. The company has a 50-day moving average of $29.47 and a 200-day moving average of $31.16. The company has a market capitalization of $1.47 billion, a P/E ratio of 49.56, a PEG ratio of 1.02 and a beta of 1.24. Verint Systems Inc. has a 1-year low of $18.41 and a 1-year high of $38.17. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41.

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

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.