Prudential Financial Inc. Grows Stock Position in Verint Systems Inc. (NASDAQ:VRNT)

Prudential Financial Inc. increased its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 15.5% in the 4th quarter, HoldingsChannel reports. The fund owned 1,189,091 shares of the technology company’s stock after purchasing an additional 159,905 shares during the quarter. Prudential Financial Inc.’s holdings in Verint Systems were worth $32,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. boosted its position in shares of Verint Systems by 39.5% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 1,717,703 shares of the technology company’s stock worth $47,151,000 after purchasing an additional 486,000 shares during the period. State Street Corp boosted its position in shares of Verint Systems by 1.5% during the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock worth $39,864,000 after buying an additional 23,400 shares during the period. Fisher Asset Management LLC grew its stake in shares of Verint Systems by 26.5% in the third quarter. Fisher Asset Management LLC now owns 1,516,409 shares of the technology company’s stock valued at $38,411,000 after buying an additional 317,804 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Verint Systems by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock valued at $38,004,000 after buying an additional 4,034 shares during the period. Finally, William Blair Investment Management LLC lifted its stake in Verint Systems by 2.4% during the 4th quarter. William Blair Investment Management LLC now owns 1,406,682 shares of the technology company’s stock worth $38,613,000 after acquiring an additional 32,682 shares in the last quarter. Institutional investors and hedge funds own 94.95% of the company’s stock.

Verint Systems Price Performance

Shares of VRNT opened at $21.80 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. Verint Systems Inc. has a 1-year low of $20.67 and a 1-year high of $38.17. The stock has a market cap of $1.36 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. The firm has a fifty day moving average price of $24.06 and a 200 day moving average price of $24.81.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Friday, January 10th. Jefferies Financial Group raised their price target on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, December 6th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $35.67.

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.