Bank of Nova Scotia held its position in Verint Systems Inc. (NASDAQ:VRNT) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,410 shares of the technology company’s stock at the end of the first quarter. Bank of Nova Scotia’s holdings in Verint Systems were worth $798,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VRNT. Norges Bank bought a new position in Verint Systems during the fourth quarter valued at $20,919,000. Ameriprise Financial Inc. bought a new position in Verint Systems during the first quarter valued at $19,108,000. Penserra Capital Management LLC boosted its position in Verint Systems by 5,565.6% in the first quarter. Penserra Capital Management LLC now owns 413,251 shares of the technology company’s stock valued at $17,924,000 after buying an additional 405,957 shares during the last quarter. Vista Equity Partners Management LLC bought a new position in Verint Systems during the first quarter valued at $15,743,000. Finally, Alliancebernstein L.P. boosted 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 last quarter. 95.50% of the stock is owned by hedge funds and other institutional investors.
Shares of Verint Systems Inc. (VRNT) traded down 0.80% during mid-day trading on Friday, reaching $37.15. 421,458 shares of the company traded hands. The firm has a 50-day moving average price of $40.29 and a 200 day moving average price of $39.67. Verint Systems Inc. has a 52 week low of $33.40 and a 52 week high of $44.70. The firm’s market capitalization is $2.33 billion.
Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Wednesday, June 7th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.11. Verint Systems had a negative net margin of 2.94% and a positive return on equity of 9.76%. The company had revenue of $265.70 million during the quarter, compared to analyst estimates of $259.97 million. During the same period last year, the firm posted $0.46 EPS. Verint Systems’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, analysts anticipate that Verint Systems Inc. will post $2.71 earnings per share for the current year.
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Several research analysts have recently weighed in on VRNT shares. Zacks Investment Research raised shares of Verint Systems from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $48.00 price objective (up from $44.00) on shares of Verint Systems in a report on Thursday, June 8th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $50.00 price objective (up from $48.00) on shares of Verint Systems in a report on Friday, June 9th. Finally, Imperial Capital reissued an “in-line” rating and set a $47.00 price objective (up from $45.00) on shares of Verint Systems in a report on Friday, June 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $44.38.
In other Verint Systems news, CFO Douglas Robinson sold 2,635 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $40.86, for a total transaction of $107,666.10. Following the completion of the transaction, the chief financial officer now directly owns 159,818 shares of the company’s stock, valued at approximately $6,530,163.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Nottenburg sold 3,846 shares of the firm’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 transaction of $157,493.70. Following the transaction, the director now directly owns 18,178 shares of the company’s stock, valued at $744,389.10. The disclosure for this sale can be found here. Insiders have sold a total of 9,584 shares of company stock valued at $393,624 over the last three months. 1.30% of the stock is currently 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.
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