Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 97.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,255 shares of the technology company’s stock after purchasing an additional 2,600 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Verint Systems were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in Verint Systems by 9,688.6% during the second quarter. Russell Investments Group Ltd. now owns 49,139 shares of the technology company’s stock worth $2,000,000 after purchasing an additional 48,637 shares in the last quarter. Martingale Asset Management L P raised its holdings in Verint Systems by 207.6% during the second quarter. Martingale Asset Management L P now owns 165,947 shares of the technology company’s stock worth $6,755,000 after purchasing an additional 112,006 shares in the last quarter. Cipher Capital LP raised its holdings in Verint Systems by 4.4% during the second quarter. Cipher Capital LP now owns 78,447 shares of the technology company’s stock worth $3,193,000 after purchasing an additional 3,322 shares in the last quarter. AHL Partners LLP raised its holdings in Verint Systems by 118.9% during the second quarter. AHL Partners LLP now owns 99,139 shares of the technology company’s stock worth $4,035,000 after purchasing an additional 53,851 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Verint Systems by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,160,308 shares of the technology company’s stock valued at $210,024,000 after acquiring an additional 50,136 shares during the period. 93.40% of the stock is currently owned by institutional investors.

Verint Systems Inc. (VRNT) opened at $42.55 on Thursday. The company has a market cap of $2,737.41, a price-to-earnings ratio of 26.68, a PEG ratio of 2.38 and a beta of 1.26. Verint Systems Inc. has a 1-year low of $33.40 and a 1-year high of $44.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.63 and a quick ratio of 1.59.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, December 6th. The technology company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. The business had revenue of $280.70 million for the quarter, compared to analysts’ expectations of $282.01 million. Verint Systems had a negative net margin of 2.42% and a positive return on equity of 9.90%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. analysts predict that Verint Systems Inc. will post 1.81 earnings per share for the current fiscal year.

VRNT has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 9th. Oppenheimer reaffirmed a “buy” rating and issued a $49.00 target price on shares of Verint Systems in a report on Thursday, September 28th. Deutsche Bank lifted their target price on shares of Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, September 7th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $48.00 target price on shares of Verint Systems in a report on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Verint Systems presently has an average rating of “Buy” and a consensus price target of $46.43.

ILLEGAL ACTIVITY WARNING: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.thecerbatgem.com/2017/12/07/verint-systems-inc-vrnt-shares-bought-by-zurcher-kantonalbank-zurich-cantonalbank.html.

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.

Want to see what other hedge funds are holding VRNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verint Systems Inc. (NASDAQ:VRNT).

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.