Brandes Investment Partners LP Acquires Shares of 11,030 Verint Systems Inc. (NASDAQ:VRNT)

Brandes Investment Partners LP purchased a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT) during the fourth quarter, Holdings Channel.com reports. The fund purchased 11,030 shares of the technology company’s stock, valued at approximately $298,000.

Several other large investors also recently added to or reduced their stakes in the company. RGM Capital LLC boosted its holdings in Verint Systems by 1.4% in the 3rd quarter. RGM Capital LLC now owns 3,011,394 shares of the technology company’s stock valued at $69,232,000 after purchasing an additional 42,732 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Verint Systems by 6.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock valued at $58,106,000 after buying an additional 154,285 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Verint Systems by 8.9% during the 3rd quarter. William Blair Investment Management LLC now owns 1,035,957 shares of the technology company’s stock worth $23,817,000 after acquiring an additional 84,911 shares during the last quarter. Norges Bank purchased a new position in Verint Systems in the fourth quarter worth $18,601,000. Finally, Fort Washington Investment Advisors Inc. OH grew its position in Verint Systems by 56.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock worth $17,772,000 after acquiring an additional 235,900 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Wall Street Analysts Forecast Growth

VRNT has been the subject of several research analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a report on Thursday, March 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note on Thursday, March 28th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Verint Systems presently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Insiders Place Their Bets

In other news, CEO Dan Bodner sold 35,039 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $30.00, for a total transaction of $1,051,170.00. Following the sale, the chief executive officer now directly owns 991,748 shares in the company, valued at approximately $29,752,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Dan Bodner sold 35,039 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $30.00, for a total transaction of $1,051,170.00. Following the sale, the chief executive officer now directly owns 991,748 shares of the company’s stock, valued at approximately $29,752,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Elan Moriah sold 14,353 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $32.62, for a total value of $468,194.86. Following the completion of the sale, the president now directly owns 79,953 shares of the company’s stock, valued at $2,608,066.86. The disclosure for this sale can be found here. Insiders sold a total of 158,988 shares of company stock worth $4,873,715 over the last three months. 2.20% of the stock is currently owned by company insiders.

Verint Systems Stock Down 0.7 %

VRNT traded down $0.23 during trading on Wednesday, hitting $31.50. 60,132 shares of the company’s stock traded hands, compared to its average volume of 522,341. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.49. Verint Systems Inc. has a 12-month low of $18.41 and a 12-month high of $40.28. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 109.42, a PEG ratio of 1.36 and a beta of 1.21. The company’s 50 day simple moving average is $31.09 and its two-hundred day simple moving average is $28.82.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $265.22 million during the quarter, compared to analyst estimates of $261.45 million. Verint Systems had a net margin of 4.24% and a return on equity of 16.60%. Analysts predict that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

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.