Verint Systems Inc. (NASDAQ:VRNT) Shares Sold by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC lowered its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,500 shares of the technology company’s stock after selling 1,000 shares during the quarter. Cannon Global Investment Management LLC’s holdings in Verint Systems were worth $535,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Verint Systems by 45.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock valued at $54,000 after acquiring an additional 613 shares during the period. Swiss National Bank boosted its stake in Verint Systems by 1.2% during the 4th quarter. Swiss National Bank now owns 121,900 shares of the technology company’s stock valued at $3,346,000 after purchasing an additional 1,400 shares during the period. KBC Group NV boosted its stake in Verint Systems by 75.0% during the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock valued at $93,000 after purchasing an additional 1,449 shares during the period. Plato Investment Management Ltd acquired a new position in Verint Systems during the 4th quarter valued at about $43,000. Finally, Central Pacific Bank Trust Division boosted its position in shares of Verint Systems by 29.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock worth $194,000 after buying an additional 1,630 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

Verint Systems Trading Down 2.2 %

Shares of NASDAQ:VRNT opened at $21.40 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 0.97 and a beta of 1.29. Verint Systems Inc. has a 1-year low of $20.67 and a 1-year high of $38.17. The company has a 50 day moving average price of $24.20 and a 200 day moving average price of $24.87.

Wall Street Analysts Forecast Growth

VRNT has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research report on Friday, January 10th. Jefferies Financial Group upped their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a report on Wednesday, January 15th. Finally, StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Verint Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.67.

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.