Verint Systems Inc. (VRNT) Position Raised by First Trust Advisors LP
First Trust Advisors LP raised its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 14.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,135 shares of the technology company’s stock after buying an additional 25,098 shares during the period. First Trust Advisors LP owned approximately 0.31% of Verint Systems worth $7,983,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. increased its position in Verint Systems by 27.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,669 shares of the technology company’s stock worth $116,000 after buying an additional 576 shares during the last quarter. Bank of Montreal Can increased its position in Verint Systems by 43.1% in the first quarter. Bank of Montreal Can now owns 3,080 shares of the technology company’s stock worth $134,000 after buying an additional 927 shares during the last quarter. Strs Ohio increased its position in Verint Systems by 61.5% in the first quarter. Strs Ohio now owns 4,200 shares of the technology company’s stock worth $182,000 after buying an additional 1,600 shares during the last quarter. Solaris Asset Management LLC increased its position in Verint Systems by 6.2% in the first quarter. Solaris Asset Management LLC now owns 4,300 shares of the technology company’s stock worth $187,000 after buying an additional 250 shares during the last quarter. Finally, Crow Point Partners LLC acquired a new position in Verint Systems during the second quarter worth approximately $187,000. Institutional investors and hedge funds own 95.54% of the company’s stock.
Shares of Verint Systems Inc. (NASDAQ:VRNT) opened at 38.60 on Monday. The company has a 50 day moving average price of $39.00 and a 200-day moving average price of $39.75. The firm’s market capitalization is $2.42 billion. Verint Systems Inc. has a 12 month low of $33.40 and a 12 month high of $44.70.
Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, June 7th. The technology company reported $0.49 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $259.97 million. During the same quarter last year, the company earned $0.46 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. Equities research analysts expect that Verint Systems Inc. will post $2.72 EPS for the current fiscal year.
A number of research firms have recently commented on VRNT. Zacks Investment Research downgraded Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $48.00 price objective on shares of Verint Systems in a report on Tuesday, August 15th. Imperial Capital reiterated an “in-line” rating and issued a $47.00 price objective (up previously from $45.00) on shares of Verint Systems in a report on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Verint Systems in a report on Friday, June 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $44.38.
In related news, CFO Douglas Robinson sold 2,635 shares of the stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $40.86, for a total value of $107,666.10. Following the completion of the transaction, the chief financial officer now owns 159,818 shares of the company’s stock, valued at $6,530,163.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry F. Myers sold 3,103 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $41.40, for a total transaction of $128,464.20. Following the completion of the transaction, the director now directly owns 10,751 shares of the company’s stock, valued at approximately $445,091.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,584 shares of company stock valued at $393,624. 1.30% of the stock is owned by corporate insiders.
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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