American Capital Management Inc. Has $39.42 Million Position in Verint Systems Inc. (VRNT)

American Capital Management Inc. increased its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 27.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 968,495 shares of the technology company’s stock after buying an additional 210,680 shares during the period. Verint Systems makes up 2.5% of American Capital Management Inc.’s holdings, making the stock its 18th largest position. American Capital Management Inc. owned about 1.55% of Verint Systems worth $39,418,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of VRNT. Jennison Associates LLC increased its position in Verint Systems by 1.2% in the first quarter. Jennison Associates LLC now owns 944,752 shares of the technology company’s stock valued at $40,979,000 after buying an additional 11,057 shares during the period. Strs Ohio increased its position in Verint Systems by 61.5% in the first quarter. Strs Ohio now owns 4,200 shares of the technology company’s stock valued at $182,000 after buying an additional 1,600 shares during the period. First Mercantile Trust Co. increased its position in Verint Systems by 8.7% in the first quarter. First Mercantile Trust Co. now owns 8,790 shares of the technology company’s stock valued at $381,000 after buying an additional 700 shares during the period. Simplex Trading LLC increased its position in Verint Systems by 386.7% in the first quarter. Simplex Trading LLC now owns 12,985 shares of the technology company’s stock valued at $563,000 after buying an additional 10,317 shares during the period. Finally, Columbus Circle Investors bought a new position in Verint Systems during the first quarter valued at about $295,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Shares of Verint Systems Inc. (NASDAQ VRNT) opened at 38.25 on Friday. 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 $2.40 billion. The firm has a 50 day moving average price of $39.28 and a 200-day moving average price of $39.71.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, June 7th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.11. Verint Systems had a positive return on equity of 9.76% and a negative net margin of 2.94%. The business had revenue of $265.70 million for the quarter, compared to the consensus estimate of $259.97 million. During the same period in the prior year, the business earned $0.46 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. Equities research analysts predict that Verint Systems Inc. will post $2.72 EPS for the current fiscal year.

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Several equities analysts recently weighed in on VRNT shares. Zacks Investment Research upgraded shares of Verint Systems from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $48.00 price objective (up previously from $44.00) on shares of Verint Systems in a research report on Thursday, June 8th. Imperial Capital restated an “in-line” rating and issued a $47.00 price objective (up previously from $45.00) on shares of Verint Systems in a research report on Friday, June 9th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Verint Systems in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $44.38.

In related news, Director Larry F. Myers sold 3,103 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $41.40, for a total value of $128,464.20. Following the completion of the transaction, the director now directly owns 10,751 shares in the company, valued at $445,091.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas Robinson sold 2,635 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $40.86, for a total value of $107,666.10. Following the sale, the chief financial officer now owns 159,818 shares of the company’s stock, valued at $6,530,163.48. The disclosure for this sale can be found here. Insiders sold 9,584 shares of company stock worth $393,624 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Verint Systems Company Profile

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.

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

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