Duality Advisers LP Invests $1.07 Million in Verint Systems Inc. (NASDAQ:VRNT)

Duality Advisers LP purchased a new stake in Verint Systems Inc. (NASDAQ:VRNT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 39,510 shares of the technology company’s stock, valued at approximately $1,068,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. RGM Capital LLC raised its holdings in Verint Systems by 1.4% during the third quarter. RGM Capital LLC now owns 3,011,394 shares of the technology company’s stock worth $69,232,000 after buying an additional 42,732 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Verint Systems by 6.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock valued at $58,106,000 after buying an additional 154,285 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of Verint Systems by 8.9% in the 3rd quarter. William Blair Investment Management LLC now owns 1,035,957 shares of the technology company’s stock worth $23,817,000 after acquiring an additional 84,911 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Verint Systems by 56.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock valued at $17,772,000 after purchasing an additional 235,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Verint Systems by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 591,511 shares of the technology company’s stock valued at $13,599,000 after purchasing an additional 24,473 shares during the last quarter. Institutional investors own 94.95% of the company’s stock.

Insider Buying and Selling at Verint Systems

In other news, President Elan Moriah sold 14,353 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $32.62, for a total value of $468,194.86. Following the completion of the transaction, the president now directly owns 79,953 shares in the company, valued at $2,608,066.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President Elan Moriah sold 14,353 shares of the 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 sale, the president now 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 is available at this link. Also, insider Peter Fante sold 8,329 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $31.38, for a total value of $261,364.02. Following the completion of the transaction, the insider now owns 43,540 shares in the company, valued at $1,366,285.20. The disclosure for this sale can be found here. Insiders sold 227,360 shares of company stock valued at $6,924,875 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Verint Systems Trading Up 4.1 %

Shares of Verint Systems stock opened at $30.35 on Wednesday. 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 $1.89 billion, a P/E ratio of 104.66, a P/E/G ratio of 1.23 and a beta of 1.20. Verint Systems Inc. has a 52-week low of $18.41 and a 52-week high of $40.28. The stock’s 50-day simple moving average is $31.01 and its 200 day simple moving average is $27.23.

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