Virginia Retirement Systems ET AL bought a new stake in Verint Systems Inc. (NASDAQ:VRNT) during the second quarter, according to its most recent filing with the SEC. The firm bought 29,000 shares of the company’s stock, valued at approximately $961,000.
A number of other hedge funds also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Verint Systems during the second quarter valued at approximately $46,074,000. Jennison Associates LLC bought a new stake in shares of Verint Systems during the second quarter valued at approximately $24,233,000. Renaissance Technologies LLC bought a new stake in shares of Verint Systems during the first quarter valued at approximately $17,487,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Verint Systems during the second quarter valued at approximately $15,530,000. Finally, RS Investment Management Co. LLC increased its stake in shares of Verint Systems by 72.6% in the second quarter. RS Investment Management Co. LLC now owns 1,082,747 shares of the company’s stock valued at $35,871,000 after buying an additional 455,365 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.
Verint Systems Inc. (NASDAQ:VRNT) opened at 37.63 on Friday. The company has a 50 day moving average of $36.11 and a 200 day moving average of $34.69. The company’s market capitalization is $2.38 billion. Verint Systems Inc. has a 1-year low of $29.76 and a 1-year high of $49.70.
Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, September 7th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Verint Systems had a positive return on equity of 10.61% and a negative net margin of 0.38%. The business had revenue of $264.20 million for the quarter. During the same quarter in the previous year, the company earned $0.76 earnings per share. The business’s revenue was down 11.1% on a year-over-year basis. On average, analysts predict that Verint Systems Inc. will post $2.85 earnings per share for the current fiscal year.
Several analysts have commented on VRNT shares. JPMorgan Chase & Co. restated a “buy” rating on shares of Verint Systems in a report on Tuesday, September 20th. Credit Suisse Group AG reaffirmed a “sell” rating and set a $32.00 price target on shares of Verint Systems in a research note on Wednesday, September 7th. Deutsche Bank AG raised their price target on shares of Verint Systems from $35.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, September 8th. Zacks Investment Research raised shares of Verint Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $49.00 price target on shares of Verint Systems in a research note on Thursday, September 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Verint Systems currently has an average rating of “Hold” and an average target price of $42.43.
In other Verint Systems news, Director Larry F. Myers sold 4,243 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $37.51, for a total value of $159,154.93. Following the transaction, the director now directly owns 8,778 shares of the company’s stock, valued at $329,262.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is owned by company insiders.
About Verint Systems
Verint Systems Inc offers Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address Customer Engagement Optimization, Security Intelligence, and Fraud, Risk and Compliance. It offers services, such as strategic consulting, implementation services, training, maintenance and round the clock support, as well as a range of deployment models.
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