Verint Systems Inc. (NASDAQ:VRNT) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC grew its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 37.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 171,968 shares of the technology company’s stock after purchasing an additional 47,176 shares during the period. Parametric Portfolio Associates LLC’s holdings in Verint Systems were worth $10,294,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Campbell Newman Asset Management Inc. lifted its stake in Verint Systems by 2.4% during the first quarter. Campbell Newman Asset Management Inc. now owns 8,071 shares of the technology company’s stock worth $483,000 after purchasing an additional 188 shares during the last quarter. American International Group Inc. lifted its stake in shares of Verint Systems by 0.6% in the 4th quarter. American International Group Inc. now owns 42,513 shares of the technology company’s stock valued at $1,799,000 after acquiring an additional 263 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Verint Systems by 0.4% in the 1st quarter. Rhumbline Advisers now owns 96,124 shares of the technology company’s stock valued at $5,754,000 after acquiring an additional 342 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Verint Systems by 0.8% in the 4th quarter. Nordea Investment Management AB now owns 49,200 shares of the technology company’s stock valued at $2,081,000 after acquiring an additional 400 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Verint Systems by 0.4% in the 1st quarter. California Public Employees Retirement System now owns 100,843 shares of the technology company’s stock valued at $6,036,000 after acquiring an additional 413 shares during the last quarter. 95.61% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on VRNT. Zacks Investment Research lowered Verint Systems from a “buy” rating to a “hold” rating in a research note on Friday, June 7th. BidaskClub raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Oppenheimer boosted their target price on Verint Systems from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Imperial Capital boosted their target price on Verint Systems from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Finally, Wedbush reissued an “outperform” rating and issued a $70.00 target price (up previously from $63.00) on shares of Verint Systems in a research note on Tuesday, May 21st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $65.57.

NASDAQ VRNT opened at $56.55 on Friday. Verint Systems Inc. has a 1-year low of $39.96 and a 1-year high of $63.94. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.45. The stock has a market capitalization of $3.70 billion, a PE ratio of 22.22, a P/E/G ratio of 1.74 and a beta of 1.15.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Wednesday, May 29th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. Verint Systems had a return on equity of 13.60% and a net margin of 5.56%. The company had revenue of $324.16 million during the quarter, compared to analyst estimates of $317.97 million. During the same quarter in the previous year, the company posted $0.53 EPS. Verint Systems’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts forecast that Verint Systems Inc. will post 2.69 earnings per share for the current year.

In other Verint Systems news, insider Elan Moriah sold 1,885 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $56.56, for a total transaction of $106,615.60. Following the completion of the transaction, the insider now owns 103,210 shares of the company’s stock, valued at approximately $5,837,557.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dan Bodner sold 48,545 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $62.46, for a total value of $3,032,120.70. Following the transaction, the chief executive officer now directly owns 652,131 shares of the company’s stock, valued at approximately $40,732,102.26. The disclosure for this sale can be found here. In the last three months, insiders sold 125,917 shares of company stock valued at $7,785,292. 1.40% of the stock is currently owned by corporate insiders.

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Verint Systems Company Profile

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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

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