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.
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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.
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