Geode Capital Management LLC Increases Position in Verint Systems Inc. (NASDAQ:VRNT)

Geode Capital Management LLC increased its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,500,087 shares of the technology company’s stock after acquiring an additional 4,034 shares during the quarter. Geode Capital Management LLC owned approximately 2.42% of Verint Systems worth $38,004,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VRNT. Fisher Asset Management LLC raised its position in shares of Verint Systems by 26.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock valued at $38,411,000 after purchasing an additional 317,804 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Verint Systems by 5.9% in the second quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock worth $133,412,000 after buying an additional 232,499 shares during the last quarter. Global Alpha Capital Management Ltd. raised its holdings in Verint Systems by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock valued at $31,199,000 after acquiring an additional 227,000 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in Verint Systems by 35.1% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock valued at $26,242,000 after acquiring an additional 211,570 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN acquired a new position in Verint Systems during the 3rd quarter worth $5,083,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Insider Transactions at Verint Systems

In other news, insider Peter Fante sold 16,233 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 sale 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 the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the transaction, the chief financial officer now directly owns 117,137 shares of the company’s stock, valued at $3,426,257.25. This trade represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Verint Systems Price Performance

Shares of VRNT opened at $27.19 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The company has a market cap of $1.69 billion, a P/E ratio of 28.93, a PEG ratio of 1.25 and a beta of 1.28. Verint Systems Inc. has a 12 month low of $21.27 and a 12 month high of $38.17. The stock has a fifty day moving average price of $25.05 and a 200 day moving average price of $28.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wedbush restated an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a research note on Thursday, September 26th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research report on Thursday, December 5th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research report on Thursday, December 5th. Finally, TD Cowen decreased their price objective on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems 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.