Phocas Financial Corp. trimmed its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 193,058 shares of the technology company’s stock after selling 8,190 shares during the quarter. Phocas Financial Corp. owned approximately 0.30% of Verint Systems worth $8,079,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of VRNT. Glenmede Trust Co. NA bought a new stake in Verint Systems during the fourth quarter worth about $35,366,000. Systematic Financial Management LP acquired a new position in shares of Verint Systems during the fourth quarter worth approximately $21,282,000. American Capital Management Inc. lifted its position in shares of Verint Systems by 23.7% during the fourth quarter. American Capital Management Inc. now owns 1,431,899 shares of the technology company’s stock worth $59,925,000 after purchasing an additional 274,094 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Verint Systems by 549.6% during the third quarter. Russell Investments Group Ltd. now owns 319,220 shares of the technology company’s stock worth $13,359,000 after purchasing an additional 270,081 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of Verint Systems by 60.7% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 686,624 shares of the technology company’s stock worth $28,735,000 after purchasing an additional 259,439 shares in the last quarter. 96.25% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Verint Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Oppenheimer reiterated a “buy” rating and set a $49.00 target price on shares of Verint Systems in a research report on Wednesday, December 20th. Finally, Zacks Investment Research lowered shares of Verint Systems from a “buy” rating to a “sell” rating in a research report on Saturday, February 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Verint Systems presently has an average rating of “Hold” and an average target price of $47.50.
VRNT stock opened at $38.95 on Wednesday. Verint Systems Inc. has a twelve month low of $37.05 and a twelve month high of $44.70. The firm has a market cap of $2,497.03, a P/E ratio of 24.02, a P/E/G ratio of 1.82 and a beta of 1.13. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.71.
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Verint Systems Profile
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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