Vanguard Group Inc. Acquires 50,136 Shares of Verint Systems Inc. (VRNT)

Vanguard Group Inc. lifted its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 5,160,308 shares of the technology company’s stock after buying an additional 50,136 shares during the period. Vanguard Group Inc. owned 8.23% of Verint Systems worth $210,024,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Verint Systems by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock valued at $108,000 after buying an additional 263 shares during the period. Crow Point Partners LLC purchased a new position in shares of Verint Systems during the second quarter valued at approximately $187,000. Strs Ohio lifted its stake in shares of Verint Systems by 9.5% during the second quarter. Strs Ohio now owns 4,600 shares of the technology company’s stock valued at $187,000 after buying an additional 400 shares during the period. Atria Investments LLC lifted its stake in shares of Verint Systems by 1.3% during the second quarter. Atria Investments LLC now owns 4,908 shares of the technology company’s stock valued at $200,000 after buying an additional 63 shares during the period. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in shares of Verint Systems during the second quarter valued at approximately $215,000. 93.08% of the stock is currently owned by institutional investors and hedge funds.

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Verint Systems Inc. (VRNT) opened at 42.85 on Monday. The stock’s market cap is $2.73 billion. The company’s 50 day moving average is $41.13 and its 200 day moving average is $40.34. Verint Systems Inc. has a 52 week low of $33.40 and a 52 week high of $44.70.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.47 by $0.14. The business had revenue of $278.20 million during the quarter, compared to analysts’ expectations of $270.14 million. Verint Systems had a negative net margin of 2.42% and a positive return on equity of 9.90%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share. Equities analysts predict that Verint Systems Inc. will post $2.76 earnings per share for the current year.

VRNT has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $49.00 price objective on shares of Verint Systems in a research note on Thursday, September 28th. Deutsche Bank AG upped their price objective on shares of Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $48.00 price objective on shares of Verint Systems in a research note on Tuesday, August 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $46.43.

Verint Systems Company Profile

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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Institutional Ownership by Quarter for Verint Systems (NASDAQ:VRNT)

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