Lingohr Asset Management GmbH Sells 6,956 Shares of Verint Systems Inc. (NASDAQ:VRNT)

Lingohr Asset Management GmbH trimmed its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 34.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,056 shares of the technology company’s stock after selling 6,956 shares during the quarter. Lingohr Asset Management GmbH’s holdings in Verint Systems were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

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

Verint Systems Stock Up 2.1 %

NASDAQ:VRNT opened at $22.48 on Thursday. The stock’s fifty day moving average price is $24.34 and its two-hundred day moving average price is $25.04. 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. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 0.97 and a beta of 1.29.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a report on Friday, January 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a report on Wednesday, January 15th. Jefferies Financial Group boosted their target price on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Finally, StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Verint Systems currently has an average rating of “Moderate Buy” and an average 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.