Gladius Capital Management LP Has $684,000 Stake in Verint Systems Inc. (NASDAQ:VRNT)

Gladius Capital Management LP grew its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 96.7% in the 3rd quarter, Holdings Channel reports. The fund owned 26,991 shares of the technology company’s stock after purchasing an additional 13,267 shares during the quarter. Verint Systems comprises 0.1% of Gladius Capital Management LP’s portfolio, making the stock its 15th biggest holding. Gladius Capital Management LP’s holdings in Verint Systems were worth $684,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP grew its position in Verint Systems by 160.9% in the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after purchasing an additional 489 shares during the last quarter. Innealta Capital LLC acquired a new stake in Verint Systems during the second quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Verint Systems during the second quarter valued at about $43,000. SG Americas Securities LLC acquired a new position in Verint Systems in the 1st quarter valued at approximately $128,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Verint Systems in the 2nd quarter valued at approximately $138,000. Institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Performance

Verint Systems stock opened at $23.48 on Friday. The stock has a 50-day simple moving average of $23.97 and a 200 day simple moving average of $29.53. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 35.04, a P/E/G ratio of 0.99 and a beta of 1.25. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 0.49. Verint Systems Inc. has a 12-month low of $21.27 and a 12-month high of $38.17.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The company had revenue of $210.17 million during the quarter, compared to the consensus estimate of $212.81 million. During the same period in the prior year, the firm posted $0.22 earnings per share. The company’s revenue was up .0% on a year-over-year basis. On average, research analysts anticipate that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on VRNT shares. TD Cowen decreased their price objective on Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Evercore ISI lowered their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Wednesday, September 25th. Jefferies Financial Group decreased their target price on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research note on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.67.

Insiders Place Their Bets

In other Verint Systems news, President Elan Moriah sold 7,160 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $185,086.00. Following the completion of the sale, the president now directly owns 139,251 shares of the company’s stock, valued at approximately $3,599,638.35. The trade was a 4.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Peter Fante sold 6,330 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $163,630.50. Following the completion of the transaction, the insider now directly owns 91,334 shares in the company, valued at $2,360,983.90. This trade represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,811 shares of company stock valued at $874,014. 1.70% of the stock is currently owned by corporate 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.