Mirae Asset Global Investments Co. Ltd. Raises Position in Verint Systems Inc. (NASDAQ:VRNT)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Verint Systems Inc. (NASDAQ:VRNT) by 23.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,166 shares of the technology company’s stock after buying an additional 17,894 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.15% of Verint Systems worth $2,545,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dark Forest Capital Management LP purchased a new position in Verint Systems in the first quarter valued at about $35,000. CWM LLC boosted its holdings in Verint Systems by 241.8% in the third quarter. CWM LLC now owns 1,309 shares of the technology company’s stock valued at $30,000 after purchasing an additional 926 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Verint Systems by 60.2% in the first quarter. Tower Research Capital LLC TRC now owns 1,801 shares of the technology company’s stock valued at $67,000 after purchasing an additional 677 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Verint Systems by 14.5% in the first quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company’s stock valued at $190,000 after purchasing an additional 438 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Verint Systems by 89.0% in the second quarter. Lazard Asset Management LLC now owns 4,023 shares of the technology company’s stock valued at $141,000 after purchasing an additional 1,894 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Insider Transactions at Verint Systems

In other news, CEO Dan Bodner sold 33,472 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $31.29, for a total transaction of $1,047,338.88. Following the sale, the chief executive officer now directly owns 860,630 shares in the company, valued at approximately $26,929,112.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President Elan Moriah sold 14,353 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $32.62, for a total value of $468,194.86. Following the sale, the president now directly owns 79,953 shares in the company, valued at approximately $2,608,066.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dan Bodner sold 33,472 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $31.29, for a total value of $1,047,338.88. Following the completion of the sale, the chief executive officer now owns 860,630 shares in the company, valued at $26,929,112.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 192,321 shares of company stock worth $5,873,705. 2.20% of the stock is currently owned by company insiders.

Verint Systems Stock Down 0.1 %

Shares of Verint Systems stock opened at $29.09 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.49. The business’s 50 day simple moving average is $31.13 and its 200-day simple moving average is $27.00. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 100.31, a PEG ratio of 1.22 and a beta of 1.20. Verint Systems Inc. has a twelve month low of $18.41 and a twelve month high of $40.28.

Analysts Set New Price Targets

VRNT has been the subject of a number of analyst reports. TheStreet raised Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research note on Thursday, March 28th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Oppenheimer restated a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research note on Thursday, March 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Verint Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

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.