Glenmede Trust Co. NA purchased a new stake in Verint Systems Inc. (NASDAQ:VRNT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 845,094 shares of the technology company’s stock, valued at approximately $35,366,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of VRNT. Macquarie Group Ltd. acquired a new stake in Verint Systems in the third quarter valued at $151,000. FNY Managed Accounts LLC acquired a new stake in Verint Systems in the third quarter valued at $164,000. Magnetar Financial LLC acquired a new stake in Verint Systems in the third quarter valued at $202,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Verint Systems by 97.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,255 shares of the technology company’s stock valued at $220,000 after acquiring an additional 2,600 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in Verint Systems in the fourth quarter valued at $227,000. 96.25% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on VRNT shares. Oppenheimer reaffirmed a “buy” rating and issued a $49.00 price target on shares of Verint Systems in a report on Thursday, December 7th. BidaskClub raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, Zacks Investment Research raised shares of Verint Systems from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Saturday, December 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $47.50.
Shares of Verint Systems stock opened at $39.45 on Monday. The stock has a market cap of $2,516.17, a price-to-earnings ratio of 24.20, a P/E/G ratio of 1.84 and a beta of 1.13. Verint Systems Inc. has a twelve month low of $37.05 and a twelve month high of $44.70. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 0.71.
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Verint Systems Company 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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