Senvest Management LLC Trims Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Senvest Management LLC lowered its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 62.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,445,230 shares of the technology company’s stock after selling 2,364,986 shares during the quarter. Verint Systems makes up about 1.3% of Senvest Management LLC’s investment portfolio, making the stock its 23rd largest holding. Senvest Management LLC’s holdings in Verint Systems were worth $36,608,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quarry LP lifted its stake in Verint Systems by 160.9% in the second quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after acquiring an additional 489 shares during the period. Innealta Capital LLC bought a new position in Verint Systems in the 2nd quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Verint Systems in the 2nd quarter worth about $43,000. SG Americas Securities LLC bought a new stake in shares of Verint Systems during the 1st quarter valued at about $128,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Verint Systems during the second quarter valued at about $138,000. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Price Performance

Shares of NASDAQ VRNT opened at $24.43 on Friday. The firm has a market cap of $1.51 billion, a P/E ratio of 36.46, a PEG ratio of 1.03 and a beta of 1.25. Verint Systems Inc. has a twelve month low of $21.27 and a twelve month 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 company has a 50 day moving average of $23.75 and a 200 day moving average of $29.27.

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

Analysts Set New Price Targets

Several analysts have commented on VRNT shares. Jefferies Financial Group lowered their price objective on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, September 5th. TD Cowen reduced their target price 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. Wedbush reissued an “outperform” rating and set a $38.00 price target on shares of Verint Systems in a research report on Thursday, September 26th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research note on Thursday, September 5th. Finally, StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.67.

Insider Buying and Selling at Verint Systems

In other news, CFO Grant A. Highlander sold 3,389 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $87,605.65. Following the transaction, the chief financial officer now directly owns 131,267 shares of the company’s stock, valued at $3,393,251.95. This represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Fante sold 6,330 shares of Verint Systems stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $163,630.50. Following the completion of the sale, the insider now directly owns 91,334 shares of the company’s stock, valued at $2,360,983.90. The trade was a 6.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,811 shares of company stock worth $874,014. Company 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.