Verint Systems Inc. (NASDAQ:VRNT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 9.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,743,915 shares of the technology company’s stock after selling 399,312 shares during the period. Victory Capital Management Inc. owned approximately 6.04% of Verint Systems worth $94,833,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fort Washington Investment Advisors Inc. OH raised its position in Verint Systems by 35.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock valued at $26,242,000 after purchasing an additional 211,570 shares during the period. Vanguard Group Inc. grew its stake in shares of Verint Systems by 2.6% in the first quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock valued at $244,239,000 after buying an additional 185,105 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Verint Systems by 154.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 168,332 shares of the technology company’s stock valued at $5,420,000 after buying an additional 102,225 shares during the period. Marshall Wace LLP acquired a new position in Verint Systems during the 2nd quarter worth about $3,188,000. Finally, Mesirow Institutional Investment Management Inc. boosted its holdings in Verint Systems by 20.7% during the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 534,447 shares of the technology company’s stock valued at $17,209,000 after acquiring an additional 91,762 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VRNT shares. TD Cowen reduced their price target on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Evercore ISI decreased their target price on Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a report on Thursday, September 5th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a report on Thursday, September 5th. Finally, Jefferies Financial Group decreased their price objective on Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.67.

Verint Systems Stock Performance

Shares of VRNT opened at $25.70 on Thursday. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 38.36, a price-to-earnings-growth ratio of 1.05 and a beta of 1.25. Verint Systems Inc. has a 52-week low of $21.27 and a 52-week high of $38.17. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $24.06 and a 200 day moving average price of $29.62.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. The company had revenue of $210.17 million during the quarter, compared to analysts’ expectations of $212.81 million. During the same period last year, the business earned $0.22 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Research analysts predict that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

Insider Transactions at Verint Systems

In related news, CEO Dan Bodner sold 16,932 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $437,692.20. Following the transaction, the chief executive officer now owns 592,832 shares in the company, valued at $15,324,707.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Verint Systems news, CEO Dan Bodner sold 16,932 shares of Verint Systems stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $437,692.20. Following the transaction, the chief executive officer now directly owns 592,832 shares in the company, valued at approximately $15,324,707.20. The trade was a 0.00 % 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 6,330 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $163,630.50. Following the sale, the insider now owns 91,334 shares of the company’s stock, valued at $2,360,983.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,811 shares of company stock worth $874,014. Corporate insiders own 1.70% of the company’s stock.

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.