Migdal Insurance & Financial Holdings Ltd. Lowers Stock Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Migdal Insurance & Financial Holdings Ltd. decreased its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 99.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,706 shares of the technology company’s stock after selling 217,439 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Verint Systems were worth $47,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Verint Systems during the 4th quarter valued at about $23,448,000. Victory Capital Management Inc. boosted its holdings in Verint Systems by 15.8% in the 4th quarter. Victory Capital Management Inc. now owns 4,425,278 shares of the technology company’s stock valued at $160,549,000 after purchasing an additional 604,112 shares during the last quarter. BlackRock Inc. boosted its holdings in Verint Systems by 5.4% in the 1st quarter. BlackRock Inc. now owns 5,286,849 shares of the technology company’s stock valued at $196,882,000 after purchasing an additional 270,971 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Verint Systems by 34.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 936,664 shares of the technology company’s stock valued at $39,668,000 after purchasing an additional 242,014 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in Verint Systems by 56.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock valued at $17,772,000 after purchasing an additional 235,900 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Insider Activity

In other news, CEO Dan Bodner sold 68,372 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $30.00, for a total value of $2,051,160.00. Following the completion of the sale, the chief executive officer now directly owns 924,102 shares of the company’s stock, valued at $27,723,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Dan Bodner sold 68,372 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $30.00, for a total value of $2,051,160.00. Following the completion of the transaction, the chief executive officer now directly owns 924,102 shares of the company’s stock, valued at $27,723,060. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Grant A. Highlander sold 2,062 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $30.09, for a total value of $62,045.58. Following the completion of the transaction, the chief financial officer now directly owns 82,442 shares of the company’s stock, valued at $2,480,679.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 192,321 shares of company stock valued at $5,873,705. 2.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VRNT shares. Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.20.

Verint Systems Price Performance

Verint Systems stock opened at $29.09 on Friday. Verint Systems Inc. has a 1 year low of $18.41 and a 1 year high of $40.28. The firm has a 50 day moving average price of $31.13 and a 200 day moving average price of $27.00. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 100.31, a PEG ratio of 1.23 and a beta of 1.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37.

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.