Ieq Capital LLC Invests $618,000 in Verint Systems Inc. (NASDAQ:VRNT)

Ieq Capital LLC bought a new stake in Verint Systems Inc. (NASDAQ:VRNT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 22,528 shares of the technology company’s stock, valued at approximately $618,000.

Other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Verint Systems in the 3rd quarter valued at approximately $58,000. KBC Group NV grew its stake in shares of Verint Systems by 75.0% during the fourth 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 in the last quarter. New York State Teachers Retirement System purchased a new position in Verint Systems in the fourth quarter valued at $154,000. Central Pacific Bank Trust Division raised its stake in Verint Systems by 29.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock valued at $194,000 after buying an additional 1,630 shares in the last quarter. Finally, FMR LLC lifted its holdings in Verint Systems by 312.3% during the 3rd quarter. FMR LLC now owns 10,065 shares of the technology company’s stock worth $255,000 after buying an additional 7,624 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VRNT shares. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a report on Friday, January 10th. Jefferies Financial Group increased their price target on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research report on Wednesday, January 15th. Finally, StockNews.com downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Sunday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Price Performance

VRNT stock opened at $23.86 on Wednesday. The business has a 50 day simple moving average of $25.92 and a 200-day simple moving average of $26.14. The company has a market capitalization of $1.49 billion, a P/E ratio of 25.38, a PEG ratio of 0.97 and a beta of 1.24. Verint Systems Inc. has a twelve month low of $21.27 and a twelve 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.

Insider Buying and Selling

In other news, CFO Grant A. Highlander sold 12,880 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the sale, the chief financial officer now directly owns 117,137 shares of the company’s stock, valued at approximately $3,426,257.25. This represents a 9.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Fante sold 16,233 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $27.52, for a total transaction of $446,732.16. Following the sale, the insider now owns 73,314 shares of the company’s stock, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Verint Systems Company 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.