Dimensional Fund Advisors LP raised its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,353,467 shares of the technology company’s stock after acquiring an additional 79,075 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.16% of Verint Systems worth $55,085,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Verint Systems by 11.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock valued at $108,000 after purchasing an additional 263 shares during the last quarter. Crow Point Partners LLC purchased a new stake in shares of Verint Systems during the 2nd quarter valued at $187,000. Strs Ohio raised its stake in Verint Systems by 9.5% in the 2nd quarter. Strs Ohio now owns 4,600 shares of the technology company’s stock worth $187,000 after acquiring an additional 400 shares during the last quarter. Atria Investments LLC raised its stake in Verint Systems by 1.3% in the 2nd quarter. Atria Investments LLC now owns 4,908 shares of the technology company’s stock worth $200,000 after acquiring an additional 63 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in Verint Systems in the 2nd quarter worth $215,000. 93.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Verint Systems Inc. (VRNT) opened at 42.75 on Friday. Verint Systems Inc. has a 12-month low of $33.40 and a 12-month high of $44.70. The firm’s market capitalization is $2.72 billion. The company has a 50-day moving average price of $41.78 and a 200 day moving average price of $40.38.
Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, September 6th. The technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.14. The business had revenue of $278.20 million for the quarter, compared to the consensus estimate of $270.14 million. Verint Systems had a negative net margin of 2.42% and a positive return on equity of 9.90%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. On average, equities analysts expect that Verint Systems Inc. will post $2.76 earnings per share for the current year.
VRNT has been the subject of a number of research analyst reports. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $49.00 target price on shares of Verint Systems in a research note on Thursday, September 28th. Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Wednesday, September 13th. Royal Bank Of Canada reiterated a “buy” rating and set a $48.00 price objective on shares of Verint Systems in a research note on Tuesday, August 15th. Finally, Deutsche Bank AG lifted their price objective on Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Verint Systems has a consensus rating of “Buy” and a consensus target price of $46.43.
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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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