Millennium Management LLC raised its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 102.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 867,737 shares of the technology company’s stock after acquiring an additional 438,832 shares during the period. Millennium Management LLC’s holdings in Verint Systems were worth $36,966,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in VRNT. American Century Companies Inc. acquired a new stake in shares of Verint Systems during the fourth quarter valued at about $227,000. Teacher Retirement System of Texas increased its position in shares of Verint Systems by 316.7% during the fourth quarter. Teacher Retirement System of Texas now owns 21,545 shares of the technology company’s stock valued at $902,000 after acquiring an additional 16,374 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Verint Systems by 12.4% during the fourth quarter. California Public Employees Retirement System now owns 122,047 shares of the technology company’s stock valued at $5,108,000 after acquiring an additional 13,496 shares during the last quarter. Swiss National Bank boosted its stake in shares of Verint Systems by 2.6% in the fourth quarter. Swiss National Bank now owns 106,800 shares of the technology company’s stock valued at $4,470,000 after purchasing an additional 2,700 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Verint Systems by 3.8% in the fourth quarter. First Trust Advisors LP now owns 238,122 shares of the technology company’s stock valued at $9,965,000 after purchasing an additional 8,819 shares during the period. Institutional investors and hedge funds own 94.62% of the company’s stock.
NASDAQ VRNT opened at $45.45 on Monday. Verint Systems Inc. has a one year low of $37.05 and a one year high of $46.45. The company has a quick ratio of 1.50, a current ratio of 1.53 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $2.89 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.00 and a beta of 1.03.
Several research firms have recently commented on VRNT. Zacks Investment Research raised shares of Verint Systems from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Thursday, June 14th. BidaskClub raised shares of Verint Systems from a “sell” rating to a “hold” rating in a research note on Friday, June 8th. Imperial Capital raised their price objective on shares of Verint Systems from $47.00 to $49.50 and gave the company an “outperform” rating in a research note on Thursday, May 31st. Finally, Royal Bank of Canada raised their price objective on shares of Verint Systems from $48.00 to $50.00 and gave the company a “positive” rating in a research note on Thursday, March 29th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $48.70.
Verint Systems Profile
Verint Systems Inc provides actionable intelligence solutions and value-added services worldwide. Its Customer Engagement Solutions segment provides automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, digital feedback, email engagement, employee desktop, enterprise feedback, financial compliance, full-time recording, gamification, identity analytics, internal communities, knowledge management, mobile workforce, performance management, robotic process automation, social analytics, speech and text analytics, virtual assistant, voice self-service, voice self-service fraud detection, Web/mobile self-service, work manager, and workforce management solutions.
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