Banque Cantonale Vaudoise Sells 2,497 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Banque Cantonale Vaudoise decreased its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 4.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 55,223 shares of the technology company’s stock after selling 2,497 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Verint Systems were worth $1,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Verint Systems by 12.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,165 shares of the technology company’s stock worth $356,000 after acquiring an additional 1,435 shares during the last quarter. CWM LLC grew its position in Verint Systems by 61.2% during the 4th quarter. CWM LLC now owns 2,110 shares of the technology company’s stock worth $57,000 after acquiring an additional 801 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Verint Systems during the 4th quarter worth $449,000. Charles Schwab Investment Management Inc. grew its position in Verint Systems by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 616,463 shares of the technology company’s stock worth $16,663,000 after acquiring an additional 24,952 shares during the last quarter. Finally, Gladius Capital Management LP bought a new stake in Verint Systems during the 4th quarter worth $383,000. Institutional investors own 94.95% of the company’s stock.

Analysts Set New Price Targets

VRNT has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research report on Wednesday, July 24th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Tuesday, August 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a report on Wednesday, June 5th. 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, Verint Systems currently has an average rating of “Moderate Buy” and a consensus price target of $35.20.

Verint Systems Trading Down 0.8 %

Shares of NASDAQ:VRNT traded down $0.26 during midday trading on Friday, reaching $31.55. The company’s stock had a trading volume of 859,604 shares, compared to its average volume of 516,279. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 65.73, a PEG ratio of 1.32 and a beta of 1.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.30 and a current ratio of 1.34. The firm has a 50 day moving average price of $32.85 and a two-hundred day moving average price of $32.05. Verint Systems Inc. has a fifty-two week low of $18.41 and a fifty-two week high of $38.17.

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

Insiders Place Their Bets

In other Verint Systems news, Director William Kurtz sold 2,110 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $36.54, for a total transaction of $77,099.40. Following the completion of the sale, the director now directly owns 20,193 shares of the company’s stock, valued at approximately $737,852.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Peter Fante sold 4,417 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 98,975 shares of the company’s stock, valued at $3,622,485. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William Kurtz sold 2,110 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $36.54, for a total value of $77,099.40. Following the completion of the transaction, the director now directly owns 20,193 shares of the company’s stock, valued at $737,852.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 381,527 shares of company stock valued at $12,898,762. Corporate insiders own 1.70% of the company’s stock.

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.