Plato Investment Management Ltd Buys New Shares in Verint Systems Inc. (NASDAQ:VRNT)

Plato Investment Management Ltd bought a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,571 shares of the technology company’s stock, valued at approximately $43,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VRNT. Parkside Financial Bank & Trust bought a new position in shares of Verint Systems during the 4th quarter valued at $52,000. Quantbot Technologies LP bought a new position in shares of Verint Systems during the 3rd quarter valued at $58,000. KBC Group NV grew its holdings in Verint Systems by 75.0% in the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock worth $93,000 after acquiring an additional 1,449 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Verint Systems in the 4th quarter worth $154,000. Finally, Central Pacific Bank Trust Division grew its holdings in Verint Systems by 29.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock worth $194,000 after acquiring an additional 1,630 shares during the last quarter. Institutional investors own 94.95% of the company’s stock.

Insider Activity

In related news, insider Peter Fante sold 16,233 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $27.52, for a total transaction of $446,732.16. Following the sale, the insider now owns 73,314 shares of the company’s stock, valued at $2,017,601.28. The trade was a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Grant A. Highlander sold 12,880 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the sale, the chief financial officer now directly owns 117,137 shares in the company, valued at $3,426,257.25. The trade was a 9.91 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Verint Systems Trading Up 0.6 %

Shares of VRNT opened at $22.34 on Thursday. The firm’s 50-day moving average price is $25.43 and its 200-day moving average price is $25.81. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 0.97 and a beta of 1.24. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Verint Systems Inc. has a 1-year low of $21.28 and a 1-year high of $38.17.

Wall Street Analyst Weigh In

VRNT has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a report on Friday, January 10th. StockNews.com lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a report on Wednesday, January 15th. Finally, Jefferies Financial Group raised their price target on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.67.

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.