First Trust Advisors LP reduced its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 12.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 334,679 shares of the technology company’s stock after selling 49,505 shares during the period. First Trust Advisors LP’s holdings in Verint Systems were worth $16,767,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Glenmede Trust Co. NA increased its holdings in Verint Systems by 39.4% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,178,162 shares of the technology company’s stock worth $52,252,000 after purchasing an additional 333,068 shares in the last quarter. Rice Hall James & Associates LLC acquired a new position in Verint Systems in the 2nd quarter worth about $10,182,000. Victory Capital Management Inc. increased its holdings in Verint Systems by 14.4% in the 2nd quarter. Victory Capital Management Inc. now owns 1,194,545 shares of the technology company’s stock worth $52,978,000 after purchasing an additional 150,409 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Verint Systems by 24.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 600,691 shares of the technology company’s stock worth $26,641,000 after purchasing an additional 118,185 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Verint Systems by 7.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,143,575 shares of the technology company’s stock worth $57,293,000 after purchasing an additional 80,887 shares in the last quarter. Institutional investors and hedge funds own 95.32% of the company’s stock.

A number of equities analysts have issued reports on VRNT shares. TheStreet raised Verint Systems from a “c” rating to a “b-” rating in a report on Thursday, September 13th. Wedbush reaffirmed a “buy” rating and issued a $58.00 target price on shares of Verint Systems in a report on Friday, October 19th. JPMorgan Chase & Co. upped their target price on Verint Systems from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. They noted that the move was a valuation call. BidaskClub cut Verint Systems from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Finally, Zacks Investment Research cut Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Verint Systems currently has a consensus rating of “Buy” and a consensus target price of $54.92.

Shares of VRNT stock opened at $47.00 on Friday. The stock has a market capitalization of $2.98 billion, a PE ratio of 26.55, a P/E/G ratio of 2.07 and a beta of 1.10. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. Verint Systems Inc. has a 1-year low of $37.10 and a 1-year high of $52.45.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, September 5th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.14. The company had revenue of $306.30 million during the quarter, compared to analysts’ expectations of $295.84 million. Verint Systems had a return on equity of 11.69% and a net margin of 3.29%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. As a group, research analysts predict that Verint Systems Inc. will post 2.22 earnings per share for the current year.

In other news, CFO Douglas Robinson sold 1,875 shares of the stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $49.13, for a total value of $92,118.75. Following the completion of the sale, the chief financial officer now owns 176,067 shares of the company’s stock, valued at $8,650,171.71. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dan Bodner sold 61,298 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $48.66, for a total value of $2,982,760.68. Following the completion of the sale, the chief executive officer now directly owns 663,615 shares of the company’s stock, valued at approximately $32,291,505.90. The disclosure for this sale can be found here. In the last three months, insiders sold 107,501 shares of company stock valued at $5,239,269. Insiders own 1.40% of the company’s stock.

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About Verint Systems

Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.

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Institutional Ownership by Quarter for Verint Systems (NASDAQ:VRNT)

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