Verint Systems Inc. (NASDAQ:VRNT) Shares Bought by Strs Ohio

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Strs Ohio grew its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 60.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,000 shares of the technology company’s stock after purchasing an additional 1,500 shares during the period. Strs Ohio’s holdings in Verint Systems were worth $177,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of VRNT. Dynamic Technology Lab Private Ltd bought a new position in shares of Verint Systems during the 1st quarter valued at about $206,000. Virginia Retirement Systems ET AL bought a new position in shares of Verint Systems during the 1st quarter valued at about $222,000. Jane Street Group LLC bought a new position in shares of Verint Systems during the 1st quarter valued at about $227,000. Quantbot Technologies LP boosted its position in shares of Verint Systems by 102.1% during the 1st quarter. Quantbot Technologies LP now owns 8,503 shares of the technology company’s stock valued at $362,000 after purchasing an additional 4,295 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Verint Systems by 31.7% during the 1st quarter. Principal Financial Group Inc. now owns 8,878 shares of the technology company’s stock valued at $378,000 after purchasing an additional 2,135 shares in the last quarter. 94.68% of the stock is currently owned by institutional investors.

In related news, CFO Douglas Robinson sold 9,635 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $48.66, for a total transaction of $468,839.10. Following the transaction, the chief financial officer now owns 177,942 shares of the company’s stock, valued at $8,658,657.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dan Bodner sold 61,298 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $48.66, for a total transaction of $2,982,760.68. Following the transaction, the chief executive officer now directly owns 663,615 shares in the company, valued at approximately $32,291,505.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,501 shares of company stock worth $5,239,269. Insiders own 1.40% of the company’s stock.

VRNT has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 9th. Royal Bank of Canada raised their target price on shares of Verint Systems to $58.00 and gave the stock an “outperform” rating in a report on Thursday, September 6th. BidaskClub cut shares of Verint Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. JPMorgan Chase & Co. raised their target price on shares of Verint Systems from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. They noted that the move was a valuation call. Finally, Oppenheimer raised their target price on shares of Verint Systems from $49.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, September 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Verint Systems currently has an average rating of “Hold” and a consensus target price of $54.30.

NASDAQ VRNT opened at $46.16 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $3.25 billion, a PE ratio of 26.73, a P/E/G ratio of 2.25 and a beta of 1.03. Verint Systems Inc. has a 52-week low of $37.10 and a 52-week high of $52.45.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, September 5th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.14. The business had revenue of $306.30 million during the quarter, compared to analyst estimates of $295.84 million. Verint Systems had a net margin of 3.29% and a return on equity of 11.69%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. Sell-side analysts predict that Verint Systems Inc. will post 2.23 EPS for the current fiscal year.

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

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