Verint Systems Inc. (NASDAQ:VRNT) Stake Lifted by Swiss National Bank

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Swiss National Bank increased its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,400 shares of the technology company’s stock after buying an additional 3,100 shares during the quarter. Swiss National Bank owned about 0.18% of Verint Systems worth $6,529,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in Verint Systems by 17,200.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,038 shares of the technology company’s stock worth $62,000 after buying an additional 1,032 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Verint Systems by 179.5% during the 1st quarter. Quadrant Capital Group LLC now owns 1,311 shares of the technology company’s stock worth $78,000 after buying an additional 842 shares during the last quarter. Insight 2811 Inc. bought a new position in Verint Systems during the 1st quarter worth $237,000. Bowling Portfolio Management LLC bought a new position in Verint Systems during the 2nd quarter worth $302,000. Finally, Moors & Cabot Inc. bought a new position in Verint Systems during the 1st quarter worth $372,000. Hedge funds and other institutional investors own 97.12% of the company’s stock.

In other news, Director Richard N. Nottenburg sold 5,076 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $56.01, for a total transaction of $284,306.76. Following the completion of the sale, the director now directly owns 6,163 shares of the company’s stock, valued at $345,189.63. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Elan Moriah sold 16,308 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $56.56, for a total value of $922,380.48. Following the sale, the insider now directly owns 103,210 shares of the company’s stock, valued at $5,837,557.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,959 shares of company stock valued at $2,014,527. 1.40% of the stock is currently owned by company insiders.

A number of research analysts recently commented on the company. ValuEngine downgraded Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 22nd. BidaskClub cut Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Oppenheimer increased their price target on Verint Systems from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, Wedbush reissued an “outperform” rating and issued a $70.00 price target (up previously from $63.00) on shares of Verint Systems in a research note on Tuesday, May 21st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.00.

Shares of VRNT stock opened at $52.42 on Wednesday. The stock has a 50-day simple moving average of $55.32 and a 200 day simple moving average of $56.29. Verint Systems Inc. has a fifty-two week low of $39.96 and a fifty-two week high of $63.94. The stock has a market capitalization of $3.45 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.64 and a beta of 1.03. The company has a quick ratio of 1.45, a current ratio of 1.50 and a debt-to-equity ratio of 0.68.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, May 29th. The technology company reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Verint Systems had a return on equity of 13.60% and a net margin of 5.56%. The business had revenue of $324.16 million during the quarter, compared to analysts’ expectations of $317.97 million. During the same quarter last year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts anticipate that Verint Systems Inc. will post 2.68 earnings per share for the current year.

Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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

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