Cwm LLC Raises Stock Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Cwm LLC raised its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 61.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,110 shares of the technology company’s stock after purchasing an additional 801 shares during the quarter. Cwm LLC’s holdings in Verint Systems were worth $57,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Keybank National Association OH raised its position 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 worth $383,000 after buying an additional 639 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in 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 valued at $792,000 after purchasing an additional 792 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Verint Systems by 12.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,165 shares of the technology company’s stock valued at $356,000 after purchasing an additional 1,435 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Verint Systems by 20.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,189 shares of the technology company’s stock worth $211,000 after purchasing an additional 1,543 shares during the period. Finally, Teza Capital Management LLC raised its stake in shares of Verint Systems by 19.0% during the 3rd quarter. Teza Capital Management LLC now owns 12,146 shares of the technology company’s stock valued at $279,000 after buying an additional 1,939 shares during the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, President Elan Moriah sold 14,353 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $32.62, for a total transaction of $468,194.86. Following the completion of the sale, the president now directly owns 79,953 shares in the company, valued at $2,608,066.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Elan Moriah sold 14,353 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $32.62, for a total value of $468,194.86. Following the transaction, the president now directly owns 79,953 shares of the company’s stock, valued at $2,608,066.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Grant A. Highlander sold 2,062 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $30.09, for a total transaction of $62,045.58. Following the sale, the chief financial officer now directly owns 82,442 shares of the company’s stock, valued at approximately $2,480,679.78. The disclosure for this sale can be found here. Insiders have sold a total of 158,988 shares of company stock worth $4,873,715 over the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Verint Systems Stock Performance

NASDAQ:VRNT opened at $31.31 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37. The stock has a market capitalization of $1.95 billion, a PE ratio of 107.97, a P/E/G ratio of 1.32 and a beta of 1.21. Verint Systems Inc. has a fifty-two week low of $18.41 and a fifty-two week high of $40.28. The company has a fifty day moving average of $30.90 and a two-hundred day moving average of $27.96.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. Verint Systems had a net margin of 4.24% and a return on equity of 16.60%. The firm had revenue of $265.22 million during the quarter, compared to the consensus estimate of $261.45 million. As a group, research analysts forecast that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

About Verint Systems

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.