Harel Insurance Investments & Financial Services Ltd. increased its position in Verint Systems Inc. (NASDAQ:VRNT) by 7.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,113 shares of the technology company’s stock after purchasing an additional 26,283 shares during the period. Verint Systems makes up approximately 1.0% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 29th biggest position. Harel Insurance Investments & Financial Services Ltd.’s holdings in Verint Systems were worth $15,866,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VRNT. Ameriprise Financial Inc. lifted its stake in Verint Systems by 37.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 887,367 shares of the technology company’s stock valued at $37,137,000 after acquiring an additional 240,366 shares during the period. Prudential Financial Inc. lifted its stake in Verint Systems by 409.7% during the 3rd quarter. Prudential Financial Inc. now owns 255,164 shares of the technology company’s stock valued at $10,679,000 after acquiring an additional 205,100 shares during the period. AHL Partners LLP lifted its stake in Verint Systems by 118.9% during the 2nd quarter. AHL Partners LLP now owns 99,139 shares of the technology company’s stock valued at $4,035,000 after acquiring an additional 53,851 shares during the period. Legal & General Group Plc lifted its stake in Verint Systems by 20.9% during the 3rd quarter. Legal & General Group Plc now owns 26,745 shares of the technology company’s stock valued at $1,123,000 after acquiring an additional 4,627 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Verint Systems by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,160,308 shares of the technology company’s stock valued at $210,024,000 after acquiring an additional 50,136 shares during the period. Institutional investors own 93.84% of the company’s stock.

Verint Systems Inc. (NASDAQ:VRNT) opened at $41.20 on Friday. Verint Systems Inc. has a one year low of $35.90 and a one year high of $44.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.63 and a current ratio of 1.67. The stock has a market cap of $2,662.86 and a PE ratio of 25.61.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, December 6th. The technology company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.32. Verint Systems had a negative net margin of 1.41% and a positive return on equity of 9.90%. The firm had revenue of $280.70 million for the quarter, compared to analysts’ expectations of $282.01 million. During the same quarter in the prior year, the business earned $0.59 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. equities research analysts forecast that Verint Systems Inc. will post 1.82 earnings per share for the current fiscal year.

VRNT has been the topic of several research analyst reports. Zacks Investment Research cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Oppenheimer restated a “buy” rating and set a $49.00 target price on shares of Verint Systems in a research note on Thursday, December 7th. Finally, BidaskClub cut shares of Verint Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Verint Systems currently has a consensus rating of “Buy” and a consensus price target of $47.50.

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Verint Systems Profile

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.

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Institutional Ownership by Quarter for Verint Systems (NASDAQ:VRNT)

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