Verint Systems Inc. (NASDAQ:VRNT) Shares Acquired by Gladius Capital Management LP

Gladius Capital Management LP increased its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 96.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,991 shares of the technology company’s stock after buying an additional 13,267 shares during the quarter. Verint Systems comprises approximately 0.1% of Gladius Capital Management LP’s holdings, making the stock its 15th largest position. Gladius Capital Management LP’s holdings in Verint Systems were worth $684,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Verint Systems by 46.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 104,984 shares of the technology company’s stock worth $3,481,000 after acquiring an additional 33,303 shares during the period. Acadian Asset Management LLC grew its position in Verint Systems by 4,185,900.0% in the 2nd quarter. Acadian Asset Management LLC now owns 41,860 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 41,859 shares during the last quarter. L & S Advisors Inc acquired a new stake in shares of Verint Systems in the second quarter valued at approximately $1,603,000. Vanguard Group Inc. raised its holdings in shares of Verint Systems by 2.6% during the first quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock valued at $244,239,000 after buying an additional 185,105 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of Verint Systems by 572.8% during the first quarter. Comerica Bank now owns 44,694 shares of the technology company’s stock worth $1,482,000 after buying an additional 38,051 shares during the period. 94.95% of the stock is currently owned by institutional investors.

Verint Systems Stock Performance

Shares of VRNT stock opened at $23.48 on Friday. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 35.04, a P/E/G ratio of 0.99 and a beta of 1.25. Verint Systems Inc. has a 1-year low of $21.27 and a 1-year high of $38.17. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $23.97 and its 200-day simple moving average is $29.53.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $210.17 million during the quarter, compared to analyst estimates of $212.81 million. Verint Systems had a net margin of 6.78% and a return on equity of 16.17%. Verint Systems’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. On average, sell-side analysts predict that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VRNT has been the topic of several analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research report on Thursday, September 5th. Jefferies Financial Group dropped their price target on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. TD Cowen cut their price objective on Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Wedbush restated an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a report on Thursday, September 26th. Finally, Evercore ISI decreased their price target on Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.

Insiders Place Their Bets

In related news, CFO Grant A. Highlander sold 3,389 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $87,605.65. Following the transaction, the chief financial officer now owns 131,267 shares of the company’s stock, valued at approximately $3,393,251.95. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dan Bodner sold 16,932 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $25.85, for a total transaction of $437,692.20. Following the transaction, the chief executive officer now owns 592,832 shares in the company, valued at $15,324,707.20. This represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,811 shares of company stock worth $874,014 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Verint Systems Company 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.