Pragma Gestao DE Patrimonio Ltd. Makes New $4.54 Million Investment in Verint Systems Inc. (NASDAQ:VRNT)

Pragma Gestao DE Patrimonio Ltd. bought a new position in shares of Verint Systems Inc. (NASDAQ:VRNT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 82,000 shares of the technology company’s stock, valued at approximately $4,540,000. Verint Systems accounts for approximately 4.1% of Pragma Gestao DE Patrimonio Ltd.’s investment portfolio, making the stock its 12th largest holding. Pragma Gestao DE Patrimonio Ltd. owned 0.12% of Verint Systems as of its most recent SEC filing.

Several other large investors have also modified their holdings of VRNT. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Verint Systems by 14.6% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,565 shares of the technology company’s stock valued at $84,000 after buying an additional 199 shares during the period. Bowling Portfolio Management LLC grew its stake in shares of Verint Systems by 277.9% in the 3rd quarter. Bowling Portfolio Management LLC now owns 21,233 shares of the technology company’s stock valued at $908,000 after buying an additional 15,614 shares during the period. Commerzbank Aktiengesellschaft FI grew its stake in shares of Verint Systems by 12.6% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 8,829 shares of the technology company’s stock valued at $378,000 after buying an additional 990 shares during the period. Zeke Capital Advisors LLC purchased a new stake in shares of Verint Systems in the 3rd quarter valued at approximately $216,000. Finally, Strs Ohio grew its stake in shares of Verint Systems by 8.5% in the 3rd quarter. Strs Ohio now owns 52,100 shares of the technology company’s stock valued at $2,228,000 after buying an additional 4,100 shares during the period. 97.30% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Verint Systems from $78.00 to $73.00 in a research note on Thursday, December 5th. TheStreet raised shares of Verint Systems from a “c+” rating to a “b-” rating in a research note on Thursday, December 19th. Zacks Investment Research raised shares of Verint Systems from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research note on Friday, February 7th. Needham & Company LLC increased their price target on shares of Verint Systems from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, BidaskClub cut shares of Verint Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $68.13.

Shares of NASDAQ:VRNT traded down $0.32 during mid-day trading on Friday, reaching $58.99. 11,934 shares of the company were exchanged, compared to its average volume of 395,367. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.57 and a quick ratio of 1.53. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 77.57, a P/E/G ratio of 1.39 and a beta of 1.06. The firm’s 50-day simple moving average is $57.63 and its 200 day simple moving average is $51.13. Verint Systems Inc. has a 1 year low of $42.24 and a 1 year high of $63.94.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, December 4th. The technology company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.35. The firm had revenue of $331.10 million during the quarter, compared to analysts’ expectations of $332.96 million. Verint Systems had a net margin of 3.95% and a return on equity of 13.50%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. On average, research analysts forecast that Verint Systems Inc. will post 2.62 earnings per share for the current fiscal year.

Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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

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