Innealta Capital LLC Makes New Investment in Verint Systems Inc. (NASDAQ:VRNT)

Innealta Capital LLC purchased a new position in Verint Systems Inc. (NASDAQ:VRNT) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 1,110 shares of the technology company’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new position in Verint Systems in the first quarter worth approximately $30,000. PNC Financial Services Group Inc. lifted its holdings in shares of Verint Systems by 764.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after purchasing an additional 917 shares in the last quarter. FinTrust Capital Advisors LLC lifted its holdings in shares of Verint Systems by 173.7% in the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock valued at $39,000 after purchasing an additional 754 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Verint Systems in the first quarter valued at approximately $42,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Verint Systems in the second quarter valued at approximately $43,000. Institutional investors own 94.95% of the company’s stock.

Insiders Place Their Bets

In other Verint Systems news, CEO Dan Bodner sold 375,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was 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 directly owns 609,764 shares of the company’s stock, valued at $20,585,632.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Verint Systems news, insider Peter Fante sold 4,417 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $36.60, for a total value 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 $3,622,485. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dan Bodner sold 375,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $33.76, for a total value of $12,660,000.00. Following the completion of the transaction, the chief executive officer now directly owns 609,764 shares of the company’s stock, valued at $20,585,632.64. The disclosure for this sale can be found here. Insiders sold 381,527 shares of company stock valued at $12,898,762 over the last ninety days. 1.70% of the stock is currently owned by insiders.

Verint Systems Stock Performance

Shares of VRNT traded down $0.26 on Friday, reaching $31.55. 859,604 shares of the company’s stock traded hands, compared to its average volume of 616,051. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.50. The stock has a market cap of $1.95 billion, a PE ratio of 65.52, a PEG ratio of 1.38 and a beta of 1.26. The stock’s 50 day simple moving average is $32.90 and its two-hundred day simple moving average is $32.05. Verint Systems Inc. has a 52-week low of $18.41 and a 52-week high of $38.17.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Tuesday, June 4th. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business had revenue of $221.28 million for the quarter, compared to analysts’ expectations of $214.71 million. Verint Systems had a net margin of 5.52% and a return on equity of 16.56%. On average, analysts forecast that Verint Systems Inc. will post 1.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VRNT. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a report on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a report on Wednesday, June 5th. Finally, StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Verint Systems presently has an average rating of “Moderate Buy” and an average price target of $35.20.

Verint Systems Profile

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.