Trexquant Investment LP Makes New $3.35 Million Investment in Verint Systems Inc. (NASDAQ:VRNT)

Trexquant Investment LP bought a new stake in Verint Systems Inc. (NASDAQ:VRNT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 124,028 shares of the technology company’s stock, valued at approximately $3,352,000. Trexquant Investment LP owned approximately 0.20% of Verint Systems at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Verint Systems during the 4th quarter worth approximately $18,601,000. Fort Washington Investment Advisors Inc. OH grew its position in shares of Verint Systems by 56.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock worth $17,772,000 after acquiring an additional 235,900 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Verint Systems by 6.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock valued at $58,106,000 after acquiring an additional 154,285 shares during the period. DekaBank Deutsche Girozentrale raised its position in Verint Systems by 276.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 128,667 shares of the technology company’s stock valued at $2,969,000 after purchasing an additional 94,483 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in Verint Systems by 8.9% during the 3rd quarter. William Blair Investment Management LLC now owns 1,035,957 shares of the technology company’s stock worth $23,817,000 after purchasing an additional 84,911 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Verint Systems

In other Verint Systems news, President Elan Moriah sold 14,353 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $32.62, for a total transaction of $468,194.86. Following the sale, the president now directly owns 79,953 shares in the company, valued at $2,608,066.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, President Elan Moriah sold 14,353 shares of Verint Systems stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $32.62, for a total transaction of $468,194.86. Following the completion of the transaction, the president now directly owns 79,953 shares in the company, valued at approximately $2,608,066.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dan Bodner sold 33,472 shares of Verint Systems stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total value of $1,047,338.88. Following the sale, the chief executive officer now owns 860,630 shares of the company’s stock, valued at approximately $26,929,112.70. The disclosure for this sale can be found here. Insiders sold 158,988 shares of company stock valued at $4,873,715 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Verint Systems Trading Down 0.4 %

NASDAQ:VRNT opened at $30.86 on Friday. Verint Systems Inc. has a 1 year low of $18.41 and a 1 year high of $40.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37. The stock has a fifty day moving average price of $31.08 and a two-hundred day moving average price of $28.85. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 106.42, a PEG ratio of 1.31 and a beta of 1.21.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. Verint Systems had a net margin of 4.24% and a return on equity of 16.60%. The firm had revenue of $265.22 million during the quarter, compared to analysts’ expectations of $261.45 million. As a group, sell-side analysts anticipate that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a report on Thursday, March 28th. Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Thursday, March 28th. Finally, TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.