Two Sigma Securities LLC Buys Shares of 9,955 Verint Systems Inc. (NASDAQ:VRNT)
Two Sigma Securities LLC purchased a new position in Verint Systems Inc. (NASDAQ:VRNT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,955 shares of the technology company’s stock, valued at approximately $432,000.
Several other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Verint Systems during the fourth quarter worth approximately $20,919,000. Ameriprise Financial Inc. purchased a new stake in shares of Verint Systems during the first quarter worth approximately $19,108,000. Polaris Capital Management LLC increased its stake in shares of Verint Systems by 1,392.5% in the fourth quarter. Polaris Capital Management LLC now owns 452,596 shares of the technology company’s stock worth $24,160,000 after buying an additional 422,272 shares during the period. Penserra Capital Management LLC increased its stake in shares of Verint Systems by 5,565.6% in the first quarter. Penserra Capital Management LLC now owns 413,251 shares of the technology company’s stock worth $17,924,000 after buying an additional 405,957 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Verint Systems by 13.6% in the first quarter. Alliancebernstein L.P. now owns 2,824,726 shares of the technology company’s stock worth $122,522,000 after buying an additional 338,476 shares during the period. Institutional investors and hedge funds own 95.95% of the company’s stock.
Verint Systems Inc. (NASDAQ VRNT) opened at 40.55 on Friday. The stock’s 50 day moving average is $41.04 and its 200-day moving average is $39.01. The firm’s market capitalization is $2.54 billion. Verint Systems Inc. has a 52-week low of $31.52 and a 52-week high of $44.70.
Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, June 7th. The technology company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.38 by $0.11. Verint Systems had a positive return on equity of 9.76% and a negative net margin of 2.94%. The company had revenue of $265.70 million for the quarter, compared to analyst estimates of $259.97 million. During the same quarter in the prior year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities analysts expect that Verint Systems Inc. will post $2.71 earnings per share for the current year.
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A number of research firms recently issued reports on VRNT. Zacks Investment Research upgraded shares of Verint Systems from a “hold” rating to a “strong-buy” rating and set a $48.00 target price for the company in a report on Wednesday, June 14th. Royal Bank Of Canada boosted their target price on shares of Verint Systems from $37.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, March 29th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $49.00 target price on shares of Verint Systems in a report on Thursday, March 30th. Goldman Sachs Group, Inc. (The) boosted their target price on shares of Verint Systems from $44.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, March 29th. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $47.00 price target (up from $45.00) on shares of Verint Systems in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $44.38.
In related news, Director Larry F. Myers sold 3,103 shares of the company’s 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 sale, the director now owns 10,751 shares in the company, valued at approximately $445,091.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Nottenburg sold 3,846 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $40.95, for a total value of $157,493.70. Following the completion of the transaction, the director now owns 18,178 shares in the company, valued at approximately $744,389.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,584 shares of company stock worth $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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