Renaissance Technologies LLC Invests $3.14 Million in Verint Systems Inc. (VRNT)

Renaissance Technologies LLC purchased a new position in Verint Systems Inc. (NASDAQ:VRNT) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 72,391 shares of the technology company’s stock, valued at approximately $3,140,000.

Several other hedge funds also recently modified their holdings of VRNT. Dimensional Fund Advisors LP boosted its stake in shares of Verint Systems by 23.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,274,392 shares of the technology company’s stock worth $55,278,000 after buying an additional 238,346 shares in the last quarter. Global Endowment Management LP boosted its stake in shares of Verint Systems by 6.3% in the first quarter. Global Endowment Management LP now owns 9,440 shares of the technology company’s stock worth $409,000 after buying an additional 560 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Verint Systems by 8.0% in the first quarter. Geode Capital Management LLC now owns 521,780 shares of the technology company’s stock worth $22,631,000 after buying an additional 38,667 shares in the last quarter. Bluestein R H & Co. bought a new stake in shares of Verint Systems during the first quarter worth approximately $217,000. Finally, Vanguard Group Inc. boosted its stake in shares of Verint Systems by 5.2% in the first quarter. Vanguard Group Inc. now owns 5,110,172 shares of the technology company’s stock worth $221,654,000 after buying an additional 250,730 shares in the last quarter. 97.18% of the stock is currently owned by hedge funds and other institutional investors.

Verint Systems Inc. (VRNT) traded down 0.26% during trading on Friday, reaching $38.00. The company had a trading volume of 637,429 shares. Verint Systems Inc. has a 12-month low of $33.40 and a 12-month high of $44.70. The stock’s market capitalization is $2.38 billion. The stock has a 50 day moving average of $39.58 and a 200-day moving average of $39.65.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, June 7th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.11. Verint Systems had a negative net margin of 2.94% and a positive return on equity of 9.76%. The business had revenue of $265.70 million for the quarter, compared to analyst estimates of $259.97 million. During the same period in the previous year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts forecast that Verint Systems Inc. will post $2.72 earnings per share for the current fiscal year.

WARNING: This story was originally published by Week Herald and is owned by of Week Herald. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://weekherald.com/2017/08/12/renaissance-technologies-llc-invests-3-14-million-in-verint-systems-inc-vrnt.html.

A number of analysts have recently commented on the company. Zacks Investment Research cut Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. 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 report on Friday, June 9th. 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 report on Friday, June 9th. Finally, 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 report on Thursday, June 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock currently 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 on Wednesday, June 14th. The shares were sold at an average price of $41.40, for a total value of $128,464.20. Following the transaction, the director now directly owns 10,751 shares of the company’s stock, valued at $445,091.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas Robinson sold 2,635 shares of Verint Systems stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $40.86, for a total transaction of $107,666.10. Following the completion of the transaction, the chief financial officer now directly owns 159,818 shares in the company, valued at $6,530,163.48. The disclosure for this sale can be found here. Insiders sold 9,584 shares of company stock worth $393,624 over the last ninety days. Corporate 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.

Want to see what other hedge funds are holding VRNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verint Systems Inc. (NASDAQ:VRNT).

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

Receive News & Ratings for Verint Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply