State Street Corp boosted its stake in Verint Systems Inc. (NASDAQ:VRNT) by 5.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,258,532 shares of the technology company’s stock after purchasing an additional 65,509 shares during the quarter. State Street Corp owned about 2.01% of Verint Systems worth $51,225,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Atria Investments LLC increased its holdings in Verint Systems by 1.3% in the second quarter. Atria Investments LLC now owns 4,908 shares of the technology company’s stock valued at $200,000 after purchasing an additional 63 shares during the last quarter. Creative Planning increased its holdings in Verint Systems by 0.9% in the second quarter. Creative Planning now owns 7,856 shares of the technology company’s stock valued at $320,000 after purchasing an additional 67 shares during the last quarter. Amalgamated Bank increased its holdings in Verint Systems by 2.1% in the second quarter. Amalgamated Bank now owns 7,969 shares of the technology company’s stock valued at $324,000 after purchasing an additional 163 shares during the last quarter. Carleon Capital Partners LLC increased its holdings in Verint Systems by 0.8% in the second quarter. Carleon Capital Partners LLC now owns 29,903 shares of the technology company’s stock valued at $1,199,000 after purchasing an additional 250 shares during the last quarter. Finally, Hartford Investment Management Co. increased its holdings in Verint Systems by 0.4% in the second quarter. Hartford Investment Management Co. now owns 73,002 shares of the technology company’s stock valued at $2,971,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.
Several equities research analysts have issued reports on VRNT shares. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $49.00 price target on shares of Verint Systems in a report on Thursday, September 28th. Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Wednesday, September 13th. Royal Bank Of Canada restated a “buy” rating and issued a $48.00 price target on shares of Verint Systems in a report on Tuesday, August 15th. Finally, Deutsche Bank AG increased their price target on Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $46.43.
Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.14. The business had revenue of $278.20 million during the quarter, compared to the consensus estimate of $270.14 million. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 2.42%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS.
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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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