Plato Investment Management Ltd Makes New $43,000 Investment in Verint Systems Inc. (NASDAQ:VRNT)

Plato Investment Management Ltd acquired a new position in Verint Systems Inc. (NASDAQ:VRNT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,571 shares of the technology company’s stock, valued at approximately $43,000.

A number of other institutional investors have also added to or reduced their stakes in VRNT. Parkside Financial Bank & Trust bought a new stake in Verint Systems in the 4th quarter worth about $52,000. Quantbot Technologies LP bought a new position in shares of Verint Systems during the 3rd quarter valued at approximately $58,000. KBC Group NV grew its position in shares of 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 acquiring an additional 1,449 shares during the period. New York State Teachers Retirement System bought a new position in shares of Verint Systems during the 4th quarter valued at approximately $154,000. Finally, Central Pacific Bank Trust Division grew its position in shares of Verint Systems by 29.9% during the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock valued at $194,000 after acquiring an additional 1,630 shares during the period. 94.95% of the stock is owned by institutional investors.

Verint Systems Stock Performance

NASDAQ VRNT opened at $22.34 on Thursday. Verint Systems Inc. has a 1 year low of $21.28 and a 1 year high of $38.17. 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 stock has a market capitalization of $1.39 billion, a PE ratio of 23.77, a P/E/G ratio of 0.97 and a beta of 1.24. The company’s 50 day simple moving average is $25.43 and its two-hundred day simple moving average is $25.81.

Insider Transactions at Verint Systems

In other news, insider Peter Fante sold 16,233 shares of the stock in a transaction 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 owns 73,314 shares of the company’s stock, valued at $2,017,601.28. This represents a 18.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the completion of the transaction, the chief financial officer now directly owns 117,137 shares in the company, valued at $3,426,257.25. The trade was a 9.91 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research note on Wednesday, January 15th. Jefferies Financial Group upped their price target on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. StockNews.com cut shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.67.

About Verint Systems

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.