Verint Systems Inc. (NASDAQ:VRNT) Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB boosted its stake in Verint Systems Inc. (NASDAQ:VRNT) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,800 shares of the technology company’s stock after purchasing an additional 6,600 shares during the period. E. Ohman J or Asset Management AB’s holdings in Verint Systems were worth $1,394,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. State Street Corp grew its stake in shares of Verint Systems by 1.5% during the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock valued at $39,864,000 after acquiring an additional 23,400 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Verint Systems by 26.5% during the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock valued at $38,411,000 after acquiring an additional 317,804 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Verint Systems by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock valued at $38,004,000 after acquiring an additional 4,034 shares in the last quarter. Global Alpha Capital Management Ltd. grew its stake in shares of Verint Systems by 22.6% during the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock valued at $31,199,000 after acquiring an additional 227,000 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of Verint Systems by 32.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 775,869 shares of the technology company’s stock valued at $21,298,000 after acquiring an additional 189,860 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on VRNT. Jefferies Financial Group raised their target price on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, January 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research report on Wednesday, January 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Verint Systems has an average rating of “Moderate Buy” and an average target price of $35.67.

Verint Systems Stock Performance

Shares of NASDAQ VRNT opened at $26.27 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $26.67 and its two-hundred day moving average price is $27.03. Verint Systems Inc. has a 52-week low of $21.27 and a 52-week high of $38.17. The stock has a market capitalization of $1.64 billion, a P/E ratio of 27.95, a P/E/G ratio of 1.10 and a beta of 1.24.

Insiders Place Their Bets

In other Verint Systems news, insider Peter Fante sold 16,233 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $27.52, for a total value of $446,732.16. Following the transaction, the insider now owns 73,314 shares of the company’s stock, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the sale, the chief financial officer now directly owns 117,137 shares in the company, valued at approximately $3,426,257.25. This trade represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

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.