SG Americas Securities LLC increased its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 189.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,649 shares of the technology company’s stock after buying an additional 10,899 shares during the period. SG Americas Securities LLC’s holdings in Verint Systems were worth $697,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Verint Systems by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock valued at $108,000 after purchasing an additional 263 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Verint Systems during the second quarter valued at $179,000. Strs Ohio lifted its holdings in Verint Systems by 9.5% during the second quarter. Strs Ohio now owns 4,600 shares of the technology company’s stock valued at $187,000 after purchasing an additional 400 shares in the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in Verint Systems during the second quarter valued at $215,000. Finally, Aperio Group LLC purchased a new position in Verint Systems during the second quarter valued at $235,000. 93.40% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on VRNT shares. Zacks Investment Research downgraded shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $48.00 price objective on shares of Verint Systems in a report on Tuesday, August 15th. Oppenheimer reaffirmed a “buy” rating and set a $49.00 price objective on shares of Verint Systems in a report on Thursday, September 7th. Finally, Deutsche Bank increased their price objective 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $46.43.
Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, December 6th. The technology company reported $0.66 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.66. The business had revenue of $280.70 million during 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. equities research analysts predict that Verint Systems Inc. will post 1.81 EPS for the current year.
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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