Verint Systems Inc. (VRNT) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its position in Verint Systems Inc. (NASDAQ:VRNT) by 9.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 100,131 shares of the technology company’s stock after selling 10,671 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Verint Systems worth $4,190,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its stake in Verint Systems by 2.1% during the second quarter. Amalgamated Bank now owns 7,969 shares of the technology company’s stock valued at $324,000 after buying an additional 163 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Verint Systems by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock worth $108,000 after purchasing an additional 263 shares during the last quarter. CS Mckee LP raised its stake in shares of Verint Systems by 1.1% in the second quarter. CS Mckee LP now owns 28,650 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 300 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Verint Systems by 5.8% in the second quarter. Principal Financial Group Inc. now owns 7,923 shares of the technology company’s stock worth $322,000 after purchasing an additional 431 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Verint Systems by 3.7% in the second quarter. Legal & General Group Plc now owns 22,118 shares of the technology company’s stock worth $898,000 after purchasing an additional 797 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Several analysts recently commented on VRNT shares. Zacks Investment Research lowered Verint Systems from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Oppenheimer reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Verint Systems in a report on Thursday, December 7th. Finally, BidaskClub lowered Verint Systems from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $47.50.

Shares of Verint Systems Inc. (NASDAQ:VRNT) opened at $43.05 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.63. The company has a market capitalization of $2,736.21, a PE ratio of 26.32, a P/E/G ratio of 2.36 and a beta of 1.26. Verint Systems Inc. has a 52-week low of $35.90 and a 52-week high of $44.70.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, December 6th. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.32. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 1.41%. The company had revenue of $280.70 million for the quarter, compared to the consensus estimate of $282.01 million. During the same period in the previous year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. analysts anticipate that Verint Systems Inc. will post 1.82 EPS for the current fiscal year.

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Verint Systems Company Profile

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.

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

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