Balyasny Asset Management L.P. Has $1.35 Million Stock Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Balyasny Asset Management L.P. lessened its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 80.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,199 shares of the technology company’s stock after selling 196,307 shares during the period. Balyasny Asset Management L.P. owned about 0.08% of Verint Systems worth $1,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of VRNT. Plato Investment Management Ltd acquired a new stake in shares of Verint Systems in the fourth quarter worth $43,000. Parkside Financial Bank & Trust acquired a new stake in shares of Verint Systems in the fourth quarter worth $52,000. Headlands Technologies LLC acquired a new stake in shares of Verint Systems in the fourth quarter worth $52,000. Sterling Capital Management LLC boosted its position in shares of Verint Systems by 808.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company’s stock worth $53,000 after buying an additional 1,713 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Verint Systems by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after buying an additional 613 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

Insider Transactions at Verint Systems

In other news, Director Stephen J. Gold sold 2,744 shares of Verint Systems stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the transaction, the director now directly owns 28,473 shares in the company, valued at approximately $457,561.11. The trade was a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter Fante sold 9,439 shares of Verint Systems stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total value of $155,743.50. Following the completion of the transaction, the insider now owns 20,450 shares in the company, valued at $337,425. The trade was a 31.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on VRNT shares. Wedbush reduced their price objective on Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Royal Bank of Canada reduced their price objective on Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday, March 27th. Needham & Company LLC reissued a “buy” rating and set a $30.00 price objective on shares of Verint Systems in a research report on Friday, April 25th. StockNews.com cut Verint Systems from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Finally, Evercore ISI reduced their price objective on Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.33.

Verint Systems Price Performance

NASDAQ VRNT opened at $18.69 on Wednesday. Verint Systems Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $38.17. The stock’s 50-day moving average is $18.30 and its two-hundred day moving average is $22.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. The firm has a market cap of $1.16 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 0.97 and a beta of 1.45.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, March 26th. The technology company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.28). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The company had revenue of $253.50 million for the quarter, compared to the consensus estimate of $276.82 million. During the same quarter last year, the business earned $1.07 earnings per share. Verint Systems’s quarterly revenue was down 4.4% on a year-over-year basis. On average, analysts anticipate that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

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.