New York State Teachers Retirement System Invests $154,000 in Verint Systems Inc. (NASDAQ:VRNT)

New York State Teachers Retirement System acquired a new stake in Verint Systems Inc. (NASDAQ:VRNT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,596 shares of the technology company’s stock, valued at approximately $154,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Verint Systems by 1.5% in the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock valued at $39,864,000 after buying an additional 23,400 shares in the last quarter. Fisher Asset Management LLC grew its holdings in 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 buying an additional 317,804 shares in the last quarter. Geode Capital Management LLC grew its holdings in Verint Systems by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock valued at $38,004,000 after buying an additional 4,034 shares in the last quarter. Global Alpha Capital Management Ltd. grew its holdings in Verint Systems by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock valued at $31,199,000 after buying an additional 227,000 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in Verint Systems by 32.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock valued at $21,298,000 after buying an additional 189,860 shares in the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Verint Systems Stock Performance

NASDAQ:VRNT opened at $24.35 on Tuesday. The stock has a fifty day moving average price of $26.03 and a 200-day moving average price of $26.20. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 0.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. Verint Systems Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $38.17.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VRNT shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a report on Wednesday, January 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a report on Friday, January 10th. Jefferies Financial Group upped their target price on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Finally, StockNews.com downgraded Verint Systems from a “buy” rating to a “hold” rating in a research report on Sunday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Verint Systems currently has an average rating of “Moderate Buy” and an average target price of $35.67.

Insider Buying and Selling

In related news, CFO Grant A. Highlander sold 12,880 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the completion of the sale, the chief financial officer now directly owns 117,137 shares in the company, valued at $3,426,257.25. This represents a 9.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Fante sold 16,233 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total value of $446,732.16. Following the sale, the insider now owns 73,314 shares of the company’s stock, valued at approximately $2,017,601.28. This represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

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.