Trexquant Investment LP purchased a new stake in Verint Systems Inc. (NASDAQ:VRNT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,305 shares of the technology company’s stock, valued at approximately $1,705,000. Trexquant Investment LP owned about 0.06% of Verint Systems at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can raised its position in Verint Systems by 43.1% in the first quarter. Bank of Montreal Can now owns 3,080 shares of the technology company’s stock valued at $134,000 after buying an additional 927 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in Verint Systems during the fourth quarter valued at approximately $136,000. Russell Investments Group Ltd. bought a new position in Verint Systems during the fourth quarter valued at approximately $148,000. Strs Ohio raised its position in Verint Systems by 61.5% in the first quarter. Strs Ohio now owns 4,200 shares of the technology company’s stock valued at $182,000 after buying an additional 1,600 shares in the last quarter. Finally, Westpac Banking Corp bought a new position in Verint Systems during the third quarter valued at approximately $184,000. Institutional investors and hedge funds own 94.84% of the company’s stock.
Shares of Verint Systems Inc. (NASDAQ:VRNT) traded up 0.63% during mid-day trading on Friday, hitting $40.00. The company had a trading volume of 594,126 shares. Verint Systems Inc. has a 12 month low of $31.43 and a 12 month high of $44.70. The firm has a 50-day moving average of $40.04 and a 200-day moving average of $38.18. The company’s market cap is $2.50 billion.
Verint Systems (NASDAQ:VRNT) last released its earnings results on Tuesday, March 28th. The technology company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Verint Systems had a positive return on equity of 10.01% and a negative net margin of 1.90%. The firm had revenue of $295.90 million for the quarter, compared to the consensus estimate of $294.41 million. During the same period in the prior year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts expect that Verint Systems Inc. will post $2.71 EPS for the current year.
Several research firms have recently commented on VRNT. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of Verint Systems in a report on Thursday, February 23rd. Zacks Investment Research upgraded Verint Systems from a “strong sell” rating to a “hold” rating in a report on Thursday, February 9th. Goldman Sachs Group Inc lifted their price target on Verint Systems from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, March 29th. Imperial Capital lifted their price target on Verint Systems from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Finally, Deutsche Bank AG lifted their price target on Verint Systems from $34.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, March 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Verint Systems currently has an average rating of “Hold” and a consensus target price of $42.43.
In related news, CEO Dan Bodner sold 137,773 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $42.74, for a total transaction of $5,888,418.02. Following the transaction, the chief executive officer now directly owns 528,226 shares in the company, valued at $22,576,379.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas Robinson sold 4,901 shares of the stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $42.48, for a total value of $208,194.48. Following the transaction, the chief financial officer now owns 148,655 shares in the company, valued at $6,314,864.40. The disclosure for this sale can be found here. Insiders have sold 223,145 shares of company stock worth $9,351,606 over the last quarter. 1.30% of the stock is currently owned by company insiders.
About Verint Systems
Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.
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