Schwab Charles Investment Management Inc. Raises Holdings in Verint Systems Inc. (VRNT)

Schwab Charles Investment Management Inc. raised its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 21.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 404,415 shares of the technology company’s stock after buying an additional 71,512 shares during the period. Schwab Charles Investment Management Inc. owned about 0.63% of Verint Systems worth $16,925,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Verint Systems by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,160,308 shares of the technology company’s stock valued at $210,024,000 after purchasing an additional 50,136 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Verint Systems by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 2,169,121 shares of the technology company’s stock valued at $90,778,000 after purchasing an additional 42,080 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Verint Systems by 10.2% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,969,530 shares of the technology company’s stock valued at $82,425,000 after purchasing an additional 181,583 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Verint Systems by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,353,467 shares of the technology company’s stock valued at $55,085,000 after purchasing an additional 79,075 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Verint Systems by 5.5% in the 2nd quarter. State Street Corp now owns 1,258,532 shares of the technology company’s stock valued at $51,225,000 after purchasing an additional 65,509 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Several research firms recently issued reports on VRNT. Oppenheimer reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Verint Systems in a research note on Thursday, December 7th. BidaskClub raised shares of Verint Systems from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Deutsche Bank lifted their price objective on shares of Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Verint Systems has a consensus rating of “Hold” and a consensus price target of $47.33.

Verint Systems Inc. (NASDAQ:VRNT) opened at $41.60 on Friday. The firm has a market cap of $2,643.73, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 2.28 and a beta of 1.26. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 0.71. Verint Systems Inc. has a 52-week low of $34.65 and a 52-week high of $44.70.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, December 6th. The technology company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.32. The firm had revenue of $280.70 million during the quarter, compared to analyst estimates of $282.01 million. Verint Systems had a negative net margin of 1.41% and a positive return on equity of 9.90%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. equities analysts expect that Verint Systems Inc. will post 1.82 earnings per share for the current year.

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

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