US Bancorp DE raised its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,027 shares of the technology company’s stock after buying an additional 632 shares during the period. US Bancorp DE owned approximately 0.05% of Verint Systems worth $1,303,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Verint Systems by 5.2% in the first quarter. Vanguard Group Inc. now owns 5,110,172 shares of the technology company’s stock valued at $221,654,000 after buying an additional 250,730 shares during the period. Alliancebernstein L.P. increased its position in Verint Systems by 13.6% in the first quarter. Alliancebernstein L.P. now owns 2,824,726 shares of the technology company’s stock valued at $122,522,000 after buying an additional 338,476 shares during the period. Fisher Asset Management LLC increased its position in Verint Systems by 2.9% in the second quarter. Fisher Asset Management LLC now owns 2,127,041 shares of the technology company’s stock valued at $86,571,000 after buying an additional 60,275 shares during the period. Dimensional Fund Advisors LP increased its position in Verint Systems by 23.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,274,392 shares of the technology company’s stock valued at $55,278,000 after buying an additional 238,346 shares during the period. Finally, State Street Corp increased its position in Verint Systems by 3.0% in the first quarter. State Street Corp now owns 1,193,023 shares of the technology company’s stock valued at $51,744,000 after buying an additional 34,260 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Verint Systems Inc. (NASDAQ VRNT) opened at 38.40 on Friday. Verint Systems Inc. has a 12-month low of $33.40 and a 12-month high of $44.70. The company’s market cap is $2.41 billion. The stock has a 50 day moving average of $39.33 and a 200-day moving average of $39.70.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, June 7th. The technology company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.11. The company had revenue of $265.70 million during the quarter, compared to analyst estimates of $259.97 million. Verint Systems had a positive return on equity of 9.76% and a negative net margin of 2.94%. Verint Systems’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. On average, equities research analysts anticipate that Verint Systems Inc. will post $2.72 earnings per share for the current fiscal year.

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Several equities analysts recently commented on VRNT shares. Zacks Investment Research downgraded shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 9th. 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. Imperial Capital reiterated an “in-line” rating and set a $47.00 price objective (up from $45.00) on shares of Verint Systems in a research note on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $50.00 price objective (up from $48.00) on shares of Verint Systems in a research note on Friday, June 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Verint Systems has an average rating of “Hold” and a consensus price target of $44.38.

In other Verint Systems news, Director Richard N. Nottenburg sold 3,846 shares of the company’s 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 sale, the director now owns 18,178 shares of the company’s stock, valued at $744,389.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Larry F. Myers sold 3,103 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $41.40, for a total value of $128,464.20. Following the completion of the sale, 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 ninety days, insiders sold 9,584 shares of company stock valued at $393,624. 1.30% of the stock is owned by 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)

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