Solaris Asset Management LLC maintained its position in Verint Systems Inc. (NASDAQ:VRNT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,300 shares of the technology company’s stock at the end of the second quarter. Solaris Asset Management LLC’s holdings in Verint Systems were worth $175,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. increased its position in Verint Systems by 27.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,669 shares of the technology company’s stock valued at $116,000 after buying an additional 576 shares in the last quarter. Bank of Montreal Can increased 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 during the period. Russell Investments Group Ltd. acquired a new position in Verint Systems during the fourth quarter valued at approximately $148,000. Strs Ohio increased 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 during the period. Finally, Crow Point Partners LLC acquired a new position in Verint Systems during the second quarter valued at approximately $187,000. Hedge funds and other institutional investors own 97.18% of the company’s stock.
Shares of Verint Systems Inc. (NASDAQ VRNT) opened at 38.40 on Thursday. The company’s market cap is $2.41 billion. Verint Systems Inc. has a 52-week low of $33.40 and a 52-week high of $44.70. The company’s 50-day moving average is $39.74 and its 200 day moving average is $39.66.
Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, June 7th. The technology company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.11. The business had revenue of $265.70 million during the quarter, compared to analyst estimates of $259.97 million. Verint Systems had a positive return on equity of 9.76% and a negative net margin of 2.94%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. On average, analysts anticipate that Verint Systems Inc. will post $2.72 EPS for the current year.
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Several equities analysts recently commented on the stock. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $50.00 price target (up from $48.00) on shares of Verint Systems in a research note on Friday, June 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $48.00 price target (up from $44.00) on shares of Verint Systems in a research note on Thursday, June 8th. Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “strong-buy” rating and set a $48.00 price target on the stock in a research note on Wednesday, June 14th. Finally, Imperial Capital restated an “in-line” rating and issued a $47.00 price target (up from $45.00) on shares of Verint Systems in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $44.38.
In other Verint Systems news, Director Larry F. Myers sold 3,103 shares of Verint Systems stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $41.40, for a total transaction of $128,464.20. Following the completion of the transaction, the director now owns 10,751 shares of the company’s stock, valued at approximately $445,091.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Nottenburg sold 3,846 shares of Verint Systems stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $40.95, for a total value of $157,493.70. Following the transaction, the director now directly owns 18,178 shares of the company’s stock, valued at approximately $744,389.10. The disclosure for this sale can be found here. Insiders have sold a total of 9,584 shares of company stock valued at $393,624 in the last ninety days. Insiders own 1.30% of the company’s stock.
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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