Allspring Global Investments Holdings LLC Has $792,000 Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Allspring Global Investments Holdings LLC grew its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,319 shares of the technology company’s stock after acquiring an additional 792 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Verint Systems were worth $792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. RGM Capital LLC increased its holdings in shares of Verint Systems by 1.4% during the third quarter. RGM Capital LLC now owns 3,011,394 shares of the technology company’s stock valued at $69,232,000 after acquiring an additional 42,732 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Verint Systems by 6.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock valued at $58,106,000 after acquiring an additional 154,285 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Verint Systems by 8.9% during the third quarter. William Blair Investment Management LLC now owns 1,035,957 shares of the technology company’s stock valued at $23,817,000 after acquiring an additional 84,911 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Verint Systems by 56.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock valued at $17,772,000 after acquiring an additional 235,900 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Verint Systems by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 591,511 shares of the technology company’s stock valued at $13,599,000 after acquiring an additional 24,473 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

Insider Activity

In other news, CEO Dan Bodner sold 68,372 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $30.00, for a total transaction of $2,051,160.00. Following the completion of the sale, the chief executive officer now directly owns 924,102 shares of the company’s stock, valued at approximately $27,723,060. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Dan Bodner sold 68,372 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $30.00, for a total transaction of $2,051,160.00. Following the completion of the transaction, the chief executive officer now owns 924,102 shares in the company, valued at approximately $27,723,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Elan Moriah sold 14,353 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $32.62, for a total value of $468,194.86. Following the transaction, the president now owns 79,953 shares of the company’s stock, valued at approximately $2,608,066.86. The disclosure for this sale can be found here. Insiders sold a total of 227,360 shares of company stock valued at $6,924,875 in the last ninety days. 2.20% of the stock is currently owned by insiders.

Verint Systems Trading Up 2.3 %

Shares of Verint Systems stock opened at $31.04 on Thursday. Verint Systems Inc. has a 1 year low of $18.41 and a 1 year high of $40.28. The firm has a market cap of $1.94 billion, a PE ratio of 107.03, a P/E/G ratio of 1.23 and a beta of 1.20. The stock has a fifty day moving average price of $31.00 and a 200-day moving average price of $27.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.34.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. The firm had revenue of $265.22 million during the quarter, compared to analyst estimates of $261.45 million. Equities research analysts anticipate that Verint Systems Inc. will post 1.97 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a report on Thursday, March 28th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Verint Systems in a report on Thursday, March 28th. Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. Finally, TheStreet upgraded Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

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.