Verint Systems Inc. (VRNT) Shares Sold by Alliancebernstein L.P.
Alliancebernstein L.P. lessened its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 3.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,720,174 shares of the technology company’s stock after selling 104,552 shares during the period. Alliancebernstein L.P. owned 4.34% of Verint Systems worth $110,711,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of VRNT. Bank of Montreal Can raised its stake in Verint Systems by 43.1% in the 1st quarter. Bank of Montreal Can now owns 3,080 shares of the technology company’s stock valued at $134,000 after acquiring an additional 927 shares during the period. Strs Ohio raised its stake in Verint Systems by 61.5% in the 1st quarter. Strs Ohio now owns 4,200 shares of the technology company’s stock valued at $182,000 after acquiring an additional 1,600 shares during the period. First Trust Advisors LP raised its stake in Verint Systems by 57.7% in the 1st quarter. First Trust Advisors LP now owns 171,037 shares of the technology company’s stock valued at $7,419,000 after acquiring an additional 62,564 shares during the period. US Bancorp DE raised its stake in Verint Systems by 4.7% in the 1st quarter. US Bancorp DE now owns 31,395 shares of the technology company’s stock valued at $1,361,000 after acquiring an additional 1,415 shares during the period. Finally, Comerica Bank bought a new stake in Verint Systems in the 1st quarter valued at $452,000. Institutional investors and hedge funds own 94.65% of the company’s stock.
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In related news, Director Larry F. Myers sold 3,103 shares of the business’s stock in a transaction on 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 directly owns 10,751 shares in the company, valued at approximately $445,091.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard N. Nottenburg sold 3,846 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $40.95, for a total value of $157,493.70. Following the sale, the director now owns 18,178 shares in the company, valued at $744,389.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,584 shares of company stock worth $393,624. 1.20% of the stock is currently owned by corporate insiders.
Shares of Verint Systems Inc. (NASDAQ:VRNT) opened at 39.975 on Monday. 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 $2.51 billion. The stock’s 50 day moving average price is $38.84 and its 200 day moving average price is $39.87.
Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.14. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 2.42%. The company had revenue of $278.20 million for the quarter, compared to analyst estimates of $270.14 million. During the same period in the previous year, the company posted $0.57 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts expect that Verint Systems Inc. will post $2.74 earnings per share for the current year.
VRNT has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Verint Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, May 30th. Royal Bank Of Canada reiterated an “outperform” rating and set a $48.00 price objective (up previously from $44.00) on shares of Verint Systems in a research report on Thursday, June 8th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $50.00 price objective (up previously from $48.00) on shares of Verint Systems in a research report on Friday, June 9th. Imperial Capital reiterated an “in-line” rating and set a $47.00 price objective (up previously from $45.00) on shares of Verint Systems in a research report on Friday, June 9th. Finally, Deutsche Bank AG increased their price objective on Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Verint Systems presently has an average rating of “Buy” and an average target price of $46.71.
Verint Systems 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.
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