William Blair Investment Management LLC Buys 32,682 Shares of Verint Systems Inc. (NASDAQ:VRNT)

William Blair Investment Management LLC increased its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,406,682 shares of the technology company’s stock after buying an additional 32,682 shares during the quarter. William Blair Investment Management LLC owned 2.26% of Verint Systems worth $38,613,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Plato Investment Management Ltd bought a new position in shares of Verint Systems during the 4th quarter worth approximately $43,000. Parkside Financial Bank & Trust bought a new position in shares of Verint Systems during the 4th quarter worth approximately $52,000. PNC Financial Services Group Inc. raised its position in Verint Systems by 45.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock valued at $54,000 after purchasing an additional 613 shares during the last quarter. Quantbot Technologies LP bought a new position in Verint Systems in the 3rd quarter valued at $58,000. Finally, KBC Group NV raised its position in Verint Systems by 75.0% in 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 last quarter. Institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Up 3.7 %

NASDAQ VRNT opened at $22.56 on Tuesday. The stock has a fifty day moving average of $24.46 and a 200-day moving average of $25.12. The stock has a market capitalization of $1.41 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. Verint Systems Inc. has a 52 week low of $20.67 and a 52 week high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32.

Insider Activity

In related news, insider Peter Fante sold 16,233 shares of Verint Systems stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $27.52, for a total transaction of $446,732.16. Following the completion of the sale, the insider now directly owns 73,314 shares of the company’s stock, valued at $2,017,601.28. The trade was a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Grant A. Highlander sold 12,880 shares of Verint Systems stock in a transaction on 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 directly owns 117,137 shares of the company’s stock, valued at approximately $3,426,257.25. This trade represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

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