Boston Partners Increases Position in Verint Systems Inc. (NASDAQ:VRNT)

Boston Partners lifted its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 52.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 858,171 shares of the technology company’s stock after buying an additional 294,381 shares during the period. Boston Partners owned approximately 1.38% of Verint Systems worth $23,257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Plato Investment Management Ltd acquired a new stake in shares of Verint Systems in the 4th quarter worth $43,000. Parkside Financial Bank & Trust purchased a new position in Verint Systems during the fourth quarter worth about $52,000. PNC Financial Services Group Inc. lifted its position in Verint Systems by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock valued at $54,000 after purchasing an additional 613 shares during the period. Quantbot Technologies LP purchased a new stake in Verint Systems in the 3rd quarter valued at approximately $58,000. Finally, KBC Group NV increased its position in Verint Systems by 75.0% during the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock worth $93,000 after purchasing an additional 1,449 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on VRNT. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research report on Friday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a report on Wednesday, January 15th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Finally, Jefferies Financial Group boosted their target price on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.67.

Verint Systems Trading Down 2.6 %

NASDAQ VRNT opened at $21.89 on Friday. The company’s fifty day moving average price is $24.28 and its two-hundred day moving average price is $25.01. Verint Systems Inc. has a 12 month low of $20.67 and a 12 month high of $38.17. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28.

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.