Magnetar Financial LLC Purchases 3,657 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Magnetar Financial LLC raised its position in Verint Systems Inc. (NASDAQ:VRNT) by 15.9% in the 4th quarter, Holdings Channel reports. The firm owned 26,649 shares of the technology company’s stock after buying an additional 3,657 shares during the quarter. Magnetar Financial LLC’s holdings in Verint Systems were worth $732,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its position in Verint Systems by 30.6% during the fourth quarter. Teacher Retirement System of Texas now owns 40,710 shares of the technology company’s stock valued at $1,117,000 after purchasing an additional 9,541 shares during the last quarter. Boston Partners lifted its position in Verint Systems by 52.2% during the fourth quarter. Boston Partners now owns 858,171 shares of the technology company’s stock valued at $23,257,000 after purchasing an additional 294,381 shares during the last quarter. William Blair Investment Management LLC lifted its position in Verint Systems by 2.4% during the fourth quarter. William Blair Investment Management LLC now owns 1,406,682 shares of the technology company’s stock valued at $38,613,000 after purchasing an additional 32,682 shares during the last quarter. Campbell Capital Management Inc. bought a new stake in Verint Systems in the 4th quarter worth approximately $110,000. Finally, Vestcor Inc purchased a new stake in Verint Systems in the fourth quarter worth approximately $628,000. 94.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Verint Systems Stock Performance

Shares of VRNT stock opened at $21.40 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. Verint Systems Inc. has a fifty-two week low of $20.67 and a fifty-two week high of $38.17. The stock has a 50 day moving average price of $24.20 and a two-hundred day moving average price of $24.94. The company has a market capitalization of $1.33 billion, a P/E ratio of 22.77, a PEG ratio of 0.97 and a beta of 1.29.

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.