Fort Washington Investment Advisors Inc. OH Purchases 189,860 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Fort Washington Investment Advisors Inc. OH grew its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 32.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 775,869 shares of the technology company’s stock after purchasing an additional 189,860 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 1.25% of Verint Systems worth $21,298,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. State Street Corp lifted its stake in Verint Systems by 1.5% in the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock valued at $39,864,000 after buying an additional 23,400 shares during the period. Global Alpha Capital Management Ltd. raised its position in shares of Verint Systems by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock valued at $31,199,000 after acquiring an additional 227,000 shares during the period. Geode Capital Management LLC boosted its stake in Verint Systems by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock worth $38,004,000 after acquiring an additional 4,034 shares during the last quarter. Quantbot Technologies LP acquired a new position in Verint Systems during the third quarter valued at approximately $58,000. Finally, Quest Partners LLC increased its stake in Verint Systems by 1,057.0% in the third quarter. Quest Partners LLC now owns 25,385 shares of the technology company’s stock valued at $643,000 after purchasing an additional 23,191 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wedbush reissued an “outperform” rating and set a $38.00 price target on shares of Verint Systems in a research report on Thursday, September 26th. StockNews.com cut Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Jefferies Financial Group raised their price target on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 target price on shares of Verint Systems in a research note on Wednesday, January 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research note on Friday, January 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Verint Systems has an average rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Trading Up 1.7 %

NASDAQ:VRNT opened at $25.15 on Thursday. The company has a market cap of $1.57 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 1.06 and a beta of 1.24. Verint Systems Inc. has a twelve month low of $21.27 and a twelve month high of $38.17. The business has a 50 day moving average price of $26.35 and a two-hundred day moving average price of $27.49. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling

In related news, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total value of $376,740.00. Following the sale, the chief financial officer now owns 117,137 shares of the company’s stock, valued at approximately $3,426,257.25. The trade was a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Fante sold 16,233 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total value of $446,732.16. Following the transaction, the insider now directly owns 73,314 shares of the company’s stock, valued at $2,017,601.28. This trade represents a 18.13 % 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.

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.