Trexquant Investment LP Takes Position in Verint Systems Inc. (VRNT)

Trexquant Investment LP bought a new stake in Verint Systems Inc. (NASDAQ:VRNT) during the first quarter, Holdings Channel reports. The institutional investor bought 39,305 shares of the technology company’s stock, valued at approximately $1,705,000.

A number of other institutional investors have also added to or reduced their stakes in VRNT. Citadel Advisors LLC increased its position in Verint Systems by 39.7% in the third quarter. Citadel Advisors LLC now owns 181,945 shares of the technology company’s stock valued at $6,847,000 after buying an additional 51,674 shares during the period. State Street Corp increased its position in Verint Systems by 2.5% in the fourth quarter. State Street Corp now owns 1,158,763 shares of the technology company’s stock valued at $40,847,000 after buying an additional 28,671 shares during the period. Ancora Advisors LLC acquired a new position in Verint Systems during the fourth quarter valued at $3,296,000. Barrow Hanley Mewhinney & Strauss LLC increased its position in Verint Systems by 0.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 171,318 shares of the technology company’s stock valued at $6,039,000 after buying an additional 1,380 shares during the period. Finally, Martingale Asset Management L P increased its position in Verint Systems by 195.4% in the fourth quarter. Martingale Asset Management L P now owns 67,343 shares of the technology company’s stock valued at $2,374,000 after buying an additional 44,542 shares during the period. Hedge funds and other institutional investors own 94.84% of the company’s stock.

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

Verint Systems Inc. (NASDAQ:VRNT) traded up 0.63% during trading on Friday, hitting $40.00. The stock had a trading volume of 594,126 shares. The firm’s market cap is $2.50 billion. Verint Systems Inc. has a 1-year low of $31.43 and a 1-year high of $44.70. The firm’s 50 day moving average is $40.04 and its 200 day moving average is $38.18.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Tuesday, March 28th. The technology company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The firm had revenue of $295.90 million during the quarter, compared to analysts’ expectations of $294.41 million. Verint Systems had a positive return on equity of 10.01% and a negative net margin of 1.90%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. On average, analysts anticipate that Verint Systems Inc. will post $2.71 earnings per share for the current year.

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A number of research firms have recently commented on VRNT. Goldman Sachs Group Inc raised their price objective on Verint Systems from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, March 29th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $49.00 price objective on shares of Verint Systems in a report on Thursday, March 30th. Deutsche Bank AG raised their price objective on Verint Systems from $34.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, March 29th. Zacks Investment Research downgraded Verint Systems from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Finally, Royal Bank of Canada raised their price objective on Verint Systems from $37.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, March 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $42.43.

In other Verint Systems news, CEO Dan Bodner sold 137,773 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $42.74, for a total value of $5,888,418.02. Following the completion of the sale, the chief executive officer now owns 528,226 shares of the company’s stock, valued at $22,576,379.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Fante sold 2,190 shares of the business’s stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $39.19, for a total value of $85,826.10. Following the completion of the sale, the insider now directly owns 20,987 shares of the company’s stock, valued at approximately $822,480.53. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,145 shares of company stock valued at $9,351,606. 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.

12 Month Chart for NASDAQ:VRNT

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