Verint Systems Inc. (NASDAQ:VRNT) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 63.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 117,301 shares of the technology company’s stock after selling 203,362 shares during the period. California Public Employees Retirement System owned 0.19% of Verint Systems worth $3,171,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VRNT. Keybank National Association OH raised its stake in Verint Systems by 4.0% during the 3rd quarter. Keybank National Association OH now owns 16,642 shares of the technology company’s stock valued at $383,000 after acquiring an additional 639 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Verint Systems by 2.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 29,319 shares of the technology company’s stock worth $792,000 after purchasing an additional 792 shares during the period. CWM LLC increased its stake in Verint Systems by 61.2% in the 4th quarter. CWM LLC now owns 2,110 shares of the technology company’s stock valued at $57,000 after buying an additional 801 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Verint Systems by 12.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,165 shares of the technology company’s stock worth $356,000 after buying an additional 1,435 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Verint Systems by 20.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,189 shares of the technology company’s stock worth $211,000 after acquiring an additional 1,543 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

Insider Transactions at Verint Systems

In other Verint Systems news, CEO Dan Bodner sold 33,472 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total transaction of $1,047,338.88. Following the sale, the chief executive officer now owns 860,630 shares in the company, valued at approximately $26,929,112.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, President Elan Moriah sold 14,353 shares of Verint Systems stock in a transaction on Monday, April 1st. The stock was sold at an average price of $32.62, for a total value of $468,194.86. Following the completion of the sale, the president now owns 79,953 shares of the company’s stock, valued at $2,608,066.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dan Bodner sold 33,472 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total value of $1,047,338.88. Following the transaction, the chief executive officer now owns 860,630 shares in the company, valued at $26,929,112.70. The disclosure for this sale can be found here. Insiders sold a total of 158,988 shares of company stock valued at $4,873,715 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Verint Systems Stock Up 1.5 %

Verint Systems stock opened at $31.25 on Monday. Verint Systems Inc. has a fifty-two week low of $18.41 and a fifty-two week high of $40.28. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 107.76, a price-to-earnings-growth ratio of 1.32 and a beta of 1.21. The stock’s fifty day moving average is $30.91 and its two-hundred day moving average is $27.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $265.22 million for the quarter, compared to analysts’ expectations of $261.45 million. Verint Systems had a net margin of 4.24% and a return on equity of 16.60%. Analysts predict that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. TheStreet raised Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a report on Thursday, March 28th. Finally, StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.20.

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.