Edgestream Partners L.P. Boosts Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Edgestream Partners L.P. increased its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 30.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,459 shares of the technology company’s stock after buying an additional 5,976 shares during the quarter. Edgestream Partners L.P.’s holdings in Verint Systems were worth $699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Verint Systems by 1.5% during the 3rd quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock worth $39,864,000 after acquiring an additional 23,400 shares during the period. Global Alpha Capital Management Ltd. raised its stake in Verint Systems by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock worth $31,199,000 after acquiring an additional 227,000 shares during the period. Geode Capital Management LLC raised its stake in Verint Systems by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock worth $38,004,000 after acquiring an additional 4,034 shares during the period. Quantbot Technologies LP bought a new stake in Verint Systems during the 3rd quarter worth approximately $58,000. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in Verint Systems by 32.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock worth $21,298,000 after acquiring an additional 189,860 shares during the period. Institutional investors own 94.95% of the company’s stock.

Verint Systems Trading Down 0.2 %

VRNT stock opened at $21.35 on Thursday. The firm has a fifty day moving average price of $24.76 and a 200 day moving average price of $25.39. Verint Systems Inc. has a fifty-two week low of $21.13 and a fifty-two week high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The firm has a market cap of $1.33 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29.

Analyst Ratings Changes

VRNT has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research report on Wednesday, January 15th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research report on Friday, January 10th. Finally, Jefferies Financial Group lifted their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Verint Systems presently has an average rating of “Moderate Buy” and an average target price of $35.67.

Insider Activity at Verint Systems

In related news, CFO Grant A. Highlander sold 12,880 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were 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 approximately $3,426,257.25. This trade represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter Fante sold 16,233 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were 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 of the company’s stock, valued at approximately $2,017,601.28. This trade 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 currently owned by insiders.

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.