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.

COPYRIGHT VIOLATION NOTICE: “Two Sigma Securities LLC Buys Shares of 9,955 Verint Systems Inc. (NASDAQ:VRNT)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.thecerbatgem.com/2017/07/16/two-sigma-securities-llc-purchases-new-stake-in-verint-systems-inc-vrnt-updated-updated-updated.html.

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.

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

Receive News & Stock Ratings for Verint Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems Inc. and related stocks with our FREE daily email newsletter.