XTX Topco Ltd Makes New Investment in Verint Systems Inc. (NASDAQ:VRNT)

XTX Topco Ltd purchased a new stake in shares of Verint Systems Inc. (NASDAQ:VRNT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,556 shares of the technology company’s stock, valued at approximately $647,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in VRNT. Plato Investment Management Ltd bought a new position in Verint Systems during the 4th quarter worth about $43,000. Parkside Financial Bank & Trust bought a new position in shares of Verint Systems during the fourth quarter valued at approximately $52,000. Headlands Technologies LLC purchased a new position in Verint Systems during the fourth quarter valued at approximately $52,000. Sterling Capital Management LLC raised its stake in 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 in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in 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 worth $54,000 after buying an additional 613 shares during the period. 94.95% of the stock is currently owned by institutional investors.

Insider Activity at Verint Systems

In related news, insider Peter Fante sold 9,439 shares of Verint Systems stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $16.50, for a total transaction of $155,743.50. Following the completion of the transaction, the insider now directly owns 20,450 shares in the company, valued at approximately $337,425. This trade represents a 31.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen J. Gold sold 2,744 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $16.07, for a total value of $44,096.08. Following the completion of the sale, the director now owns 28,473 shares in the company, valued at approximately $457,561.11. This represents a 8.79 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Verint Systems Stock Performance

Shares of VRNT opened at $15.99 on Friday. The stock has a 50-day moving average of $20.53 and a two-hundred day moving average of $23.58. 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 cap of $993.59 million, a P/E ratio of 17.01, a P/E/G ratio of 0.97 and a beta of 1.31. Verint Systems Inc. has a one year low of $14.15 and a one year high of $38.17.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.28). Verint Systems had a net margin of 8.49% and a return on equity of 15.79%. The firm had revenue of $253.50 million during the quarter, compared to analysts’ expectations of $276.82 million. During the same quarter in the prior year, the company earned $1.07 EPS. Verint Systems’s quarterly revenue was down 4.4% on a year-over-year basis. As a group, research analysts predict that Verint Systems Inc. will post 1.92 EPS for the current year.

Analyst Ratings Changes

VRNT has been the subject of a number of analyst reports. Wedbush decreased their price objective on Verint Systems from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Needham & Company LLC lowered their target price on shares of Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 27th. Evercore ISI decreased their price objective on Verint Systems from $34.00 to $23.00 and set an “in-line” rating for the company in a report on Thursday, March 27th. StockNews.com downgraded Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, Royal Bank of Canada decreased their price target on Verint Systems from $36.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Verint Systems presently has an average rating of “Moderate Buy” and an average price target of $30.33.

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.