Martingale Asset Management L P lifted its stake in Verint Systems Inc. (NASDAQ:VRNT) by 207.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,947 shares of the technology company’s stock after purchasing an additional 112,006 shares during the period. Martingale Asset Management L P owned about 0.26% of Verint Systems worth $6,755,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of VRNT. Ameriprise Financial Inc. bought a new position in shares of Verint Systems in the first quarter worth about $19,108,000. Pioneer Investment Management Inc. bought a new position in shares of Verint Systems in the second quarter worth about $17,386,000. Penserra Capital Management LLC grew its holdings in shares of Verint Systems by 5,565.6% in the first quarter. Penserra Capital Management LLC now owns 413,251 shares of the technology company’s stock worth $17,924,000 after purchasing an additional 405,957 shares during the last quarter. Rothschild Asset Management Inc. bought a new position in shares of Verint Systems in the second quarter worth about $15,002,000. Finally, Vista Equity Partners Management LLC purchased a new stake in Verint Systems in the first quarter worth about $15,743,000. Hedge funds and other institutional investors own 94.65% of the company’s stock.
A number of analysts recently weighed in on VRNT shares. Zacks Investment Research raised shares of Verint Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, May 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $48.00 price objective (up from $44.00) on shares of Verint Systems in a research note on Thursday, June 8th. Imperial Capital reaffirmed an “in-line” rating and issued a $47.00 price objective (up from $45.00) on shares of Verint Systems in a research note on Friday, June 9th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $50.00 price objective (up from $48.00) on shares of Verint Systems in a research note on Friday, June 9th. Finally, Deutsche Bank AG upped their price objective on shares of Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $46.71.
In other news, Director Richard N. Nottenburg sold 3,846 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $40.95, for a total transaction of $157,493.70. Following the completion of the transaction, the director now directly owns 18,178 shares of the company’s stock, valued at $744,389.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Douglas Robinson sold 2,635 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $40.86, for a total value of $107,666.10. Following the transaction, the chief financial officer now directly owns 159,818 shares of the company’s stock, valued at $6,530,163.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,584 shares of company stock valued at $393,624. Corporate insiders own 1.20% of the company’s stock.
Shares of Verint Systems Inc. (NASDAQ:VRNT) opened at 40.65 on Tuesday. The firm’s 50 day moving average is $38.83 and its 200 day moving average is $39.91. The stock’s market capitalization is $2.55 billion. Verint Systems Inc. has a 52-week low of $33.40 and a 52-week high of $44.70.
Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.14. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 2.42%. The business had revenue of $278.20 million during the quarter, compared to the consensus estimate of $270.14 million. During the same period in the previous year, the company posted $0.57 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts expect that Verint Systems Inc. will post $2.74 earnings per share for the current year.
Verint Systems 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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