Fisher Asset Management LLC Decreases Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Fisher Asset Management LLC decreased its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 3.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,466,096 shares of the technology company’s stock after selling 50,313 shares during the period. Fisher Asset Management LLC owned approximately 2.35% of Verint Systems worth $40,244,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust bought a new stake in Verint Systems in the fourth quarter worth $52,000. Bank of New York Mellon Corp lifted its stake in shares of Verint Systems by 5.7% in the 4th quarter. Bank of New York Mellon Corp now owns 254,394 shares of the technology company’s stock valued at $6,983,000 after acquiring an additional 13,703 shares during the last quarter. Meitav Investment House Ltd. purchased a new stake in Verint Systems during the 4th quarter valued at about $389,000. Ieq Capital LLC purchased a new stake in Verint Systems during the 4th quarter valued at about $618,000. Finally, New York State Teachers Retirement System bought a new position in Verint Systems during the 4th quarter worth approximately $154,000. Institutional investors own 94.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VRNT. Royal Bank of Canada reiterated an “outperform” rating and issued 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 target on shares of Verint Systems in a report on Friday, January 10th. 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. Finally, StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Sunday, February 23rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Verint Systems presently has an average rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Stock Up 0.8 %

Shares of Verint Systems stock opened at $22.57 on Monday. The company’s fifty day simple moving average is $25.63 and its two-hundred day simple moving average is $25.96. Verint Systems Inc. has a 12-month low of $21.28 and a 12-month high of $38.17. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.41 billion, a P/E ratio of 24.01, a PEG ratio of 0.97 and a beta of 1.24.

Insider Activity at Verint Systems

In other Verint Systems news, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,426,257.25. The trade was a 9.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Peter Fante sold 16,233 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total value of $446,732.16. Following the completion of the transaction, the insider now owns 73,314 shares of the company’s stock, valued at approximately $2,017,601.28. The trade was a 18.13 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate 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.