Allspring Global Investments Holdings LLC Grows Position in Verint Systems Inc. (NASDAQ:VRNT)

Allspring Global Investments Holdings LLC raised its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 32.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,192 shares of the technology company’s stock after buying an additional 27,259 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Verint Systems were worth $3,065,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of Verint Systems in the 3rd quarter worth approximately $58,000. KBC Group NV boosted its holdings in shares of Verint Systems by 75.0% in the 4th quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock worth $93,000 after purchasing an additional 1,449 shares during the period. CWM LLC boosted its holdings in shares of Verint Systems by 135.0% in the 3rd quarter. CWM LLC now owns 5,660 shares of the technology company’s stock worth $143,000 after purchasing an additional 3,251 shares during the period. Central Pacific Bank Trust Division boosted its holdings in shares of Verint Systems by 29.9% in the 4th quarter. Central Pacific Bank Trust Division now owns 7,075 shares of the technology company’s stock worth $194,000 after purchasing an additional 1,630 shares during the period. Finally, FMR LLC boosted its holdings in shares of Verint Systems by 312.3% in the 3rd quarter. FMR LLC now owns 10,065 shares of the technology company’s stock worth $255,000 after purchasing an additional 7,624 shares during the period. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Insider Buying and Selling

In related news, insider Peter Fante sold 16,233 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $27.52, for a total value of $446,732.16. Following the completion of the transaction, the insider now owns 73,314 shares of the company’s stock, valued at approximately $2,017,601.28. This represents a 18.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Grant A. Highlander sold 12,880 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $29.25, for a total value of $376,740.00. Following the transaction, the chief financial officer now directly owns 117,137 shares of the company’s stock, 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. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a report on Friday, January 10th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group boosted their price objective on Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Verint Systems currently has an average rating of “Moderate Buy” and an average price target of $35.67.

Verint Systems Stock Performance

NASDAQ VRNT opened at $24.29 on Friday. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.01 and a beta of 1.24. Verint Systems Inc. has a twelve month low of $21.27 and a twelve month high of $38.17. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $26.12 and a 200 day moving average of $26.35.

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.