California State Teachers Retirement System Sells 4,688 Shares of Verint Systems Inc. (NASDAQ:VRNT)

California State Teachers Retirement System trimmed its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT – Free Report) by 6.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,833 shares of the technology company’s stock after selling 4,688 shares during the quarter. California State Teachers Retirement System owned 0.10% of Verint Systems worth $2,083,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in VRNT. Wellington Management Group LLP acquired a new stake in shares of Verint Systems during the 4th quarter worth about $34,172,000. Norges Bank acquired a new position in Verint Systems during the fourth quarter worth $18,601,000. Mesirow Institutional Investment Management Inc. acquired a new position in Verint Systems during the first quarter worth $14,675,000. Vanguard Group Inc. grew its holdings in Verint Systems by 2.6% during the first quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock worth $244,239,000 after acquiring an additional 185,105 shares during the period. Finally, Global Alpha Capital Management Ltd. grew its holdings in Verint Systems by 23.3% in the first quarter. Global Alpha Capital Management Ltd. now owns 968,303 shares of the technology company’s stock valued at $32,099,000 after purchasing an additional 182,800 shares during the last quarter. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Trading Down 3.3%

VRNT opened at $32.33 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.34 and a quick ratio of 1.30. Verint Systems Inc. has a fifty-two week low of $18.41 and a fifty-two week high of $38.17. The firm has a market capitalization of $2.00 billion, a PE ratio of 67.36, a P/E/G ratio of 1.37 and a beta of 1.26. The company’s 50-day moving average is $33.53 and its 200-day moving average is $31.83.

Verint Systems (NASDAQ:VRNT – Get Free Report) last announced its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). Verint Systems had a net margin of 5.52% and a return on equity of 16.56%. The firm had revenue of $221.28 million during the quarter, compared to the consensus estimate of $214.71 million. As a group, research analysts predict that Verint Systems Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Dan Bodner sold 375,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $33.76, for a total value of $12,660,000.00. Following the transaction, the chief executive officer now owns 609,764 shares of the company’s stock, valued at approximately $20,585,632.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Dan Bodner sold 375,000 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $33.76, for a total value of $12,660,000.00. Following the completion of the sale, the chief executive officer now owns 609,764 shares of the company’s stock, valued at approximately $20,585,632.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Peter Fante sold 4,417 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $36.60, for a total transaction of $161,662.20. Following the completion of the sale, the insider now directly owns 98,975 shares of the company’s stock, valued at approximately $3,622,485. The disclosure for this sale can be found here. Over the last quarter, insiders sold 381,527 shares of company stock worth $12,898,762. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note on Wednesday, July 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.20.

View Our Latest Report on VRNT

Verint Systems Profile

(Free Report)

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.

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