Tudor Investment Corp ET AL Takes $343,000 Position in Verint Systems Inc. (NASDAQ:VRNT)

Tudor Investment Corp ET AL acquired a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 12,488 shares of the technology company’s stock, valued at approximately $343,000.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. boosted its position in Verint Systems by 9.5% during the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock valued at $968,000 after acquiring an additional 3,585 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Verint Systems by 13.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 95,064 shares of the technology company’s stock valued at $2,610,000 after purchasing an additional 11,285 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Verint Systems by 19.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 50,792 shares of the technology company’s stock worth $1,394,000 after purchasing an additional 8,116 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Verint Systems by 19.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 106,556 shares of the technology company’s stock valued at $2,925,000 after buying an additional 17,123 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Verint Systems by 32.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock valued at $21,298,000 after buying an additional 189,860 shares in the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wedbush lowered their target price on shares of Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Evercore ISI dropped their target price on Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a research note on Thursday, March 27th. StockNews.com cut Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Royal Bank of Canada dropped their price target on Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, March 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price on shares of Verint Systems in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Verint Systems currently has an average rating of “Moderate Buy” and a consensus target price of $30.33.

Insider Activity at Verint Systems

In related news, insider Peter Fante sold 9,439 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $16.50, for a total transaction of $155,743.50. Following the sale, the insider now owns 20,450 shares in the company, valued at approximately $337,425. This trade represents a 31.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen J. Gold sold 2,744 shares of the company’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $16.07, for a total transaction of $44,096.08. Following the completion of the transaction, the director now owns 28,473 shares of the company’s stock, valued at approximately $457,561.11. This trade represents a 8.79 % 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 Stock Performance

VRNT opened at $17.90 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Verint Systems Inc. has a 12-month low of $14.15 and a 12-month high of $38.17. The firm has a 50 day moving average of $18.44 and a two-hundred day moving average of $22.99. The firm has a market capitalization of $1.11 billion, a PE ratio of 19.04, a P/E/G ratio of 0.97 and a beta of 1.45.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.28). The business had revenue of $253.50 million for the quarter, compared to analyst estimates of $276.82 million. Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 earnings per share. On average, analysts anticipate that Verint Systems Inc. will post 1.92 EPS for the current year.

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.