Creative Planning Boosts Stock Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Creative Planning raised its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 79.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,719 shares of the technology company’s stock after purchasing an additional 6,508 shares during the quarter. Creative Planning’s holdings in Verint Systems were worth $474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in shares of Verint Systems in the fourth quarter worth about $243,000. Wellington Management Group LLP purchased a new position in shares of Verint Systems in the fourth quarter valued at $34,172,000. Vanguard Group Inc. raised its stake in shares of Verint Systems by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 7,182,580 shares of the technology company’s stock valued at $194,145,000 after purchasing an additional 73,592 shares during the period. PNC Financial Services Group Inc. raised 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 valued at $28,000 after purchasing an additional 917 shares during the period. Finally, Nomura Holdings Inc. lifted its holdings in Verint Systems by 565.7% during the 4th quarter. Nomura Holdings Inc. now owns 58,250 shares of the technology company’s stock worth $1,574,000 after purchasing an additional 49,500 shares in the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Dan Bodner sold 16,932 shares of Verint Systems 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Grant A. Highlander sold 3,389 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at $3,393,251.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dan Bodner sold 16,932 shares of the firm’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 sale, the chief executive officer now directly owns 592,832 shares in the company, valued at approximately $15,324,707.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,811 shares of company stock worth $874,014. 1.70% of the stock is currently owned by corporate insiders.

Verint Systems Stock Down 0.1 %

VRNT opened at $23.42 on Wednesday. The stock has a market cap of $1.45 billion, a PE ratio of 48.79, a P/E/G ratio of 0.98 and a beta of 1.24. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. Verint Systems Inc. has a 52 week low of $18.41 and a 52 week high of $38.17. The business’s fifty day simple moving average is $27.98 and its 200 day simple moving average is $30.75.

Verint Systems (NASDAQ:VRNT) last issued its 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 firm 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%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 EPS. As a group, research analysts expect that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Jefferies Financial Group reduced their target price on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, September 5th. Evercore ISI lowered their target price on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. TD Cowen reduced their price target on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Wedbush reiterated an “outperform” rating and issued a $38.00 price objective on shares of Verint Systems in a research report on Thursday, September 26th. Finally, StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Three investment 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, Verint Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.

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.