Massachusetts Financial Services Co. MA boosted its stake in Verint Systems Inc. (NASDAQ:VRNT) by 19.2% during the first quarter, Holdings Channel reports. The institutional investor owned 945,905 shares of the technology company’s stock after buying an additional 152,194 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Verint Systems were worth $41,029,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VRNT. Schafer Cullen Capital Management Inc. purchased a new position in shares of Verint Systems during the third quarter valued at about $221,000. Russell Investments Group Ltd. purchased a new position in shares of Verint Systems during the fourth quarter valued at about $148,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Verint Systems by 0.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 171,318 shares of the technology company’s stock valued at $6,039,000 after buying an additional 1,380 shares during the last quarter. State Street Corp increased its stake in Verint Systems by 2.5% in the fourth quarter. State Street Corp now owns 1,158,763 shares of the technology company’s stock valued at $40,847,000 after buying an additional 28,671 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Verint Systems by 22.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,036,046 shares of the technology company’s stock valued at $36,521,000 after buying an additional 188,275 shares during the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.

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

Verint Systems Inc. (NASDAQ VRNT) traded down 5.52% during mid-day trading on Friday, hitting $41.05. The company had a trading volume of 609,756 shares. The firm’s market capitalization is $2.56 billion. Verint Systems Inc. has a 1-year low of $31.52 and a 1-year high of $44.70. The company has a 50 day moving average of $40.42 and a 200 day moving average of $38.64.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, June 7th. The technology company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.11. The firm had revenue of $265.70 million during the quarter, compared to analysts’ expectations of $259.97 million. Verint Systems had a negative net margin of 1.90% and a positive return on equity of 10.01%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. Analysts predict that Verint Systems Inc. will post $2.71 earnings per share for the current fiscal year.

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Several analysts recently weighed in on the company. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $49.00 price target on shares of Verint Systems in a research note on Thursday, March 30th. Goldman Sachs Group Inc upped their price target on Verint Systems from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, March 29th. Deutsche Bank AG upped their price target on Verint Systems from $34.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, March 29th. Imperial Capital upped their price target on Verint Systems from $45.00 to $47.00 and gave the stock an “in-line” rating in a research note on Friday. Finally, Zacks Investment Research downgraded Verint Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. 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 stock has an average rating of “Hold” and a consensus target price of $43.57.

In related news, insider Elan Moriah sold 13,717 shares of the stock in a transaction that occurred on Friday, April 7th. The shares were sold at an average price of $41.09, for a total transaction of $563,631.53. Following the completion of the transaction, the insider now owns 86,755 shares of the company’s stock, valued at approximately $3,564,762.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dan Bodner sold 137,773 shares of the stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $42.74, for a total transaction of $5,888,418.02. Following the transaction, the chief executive officer now directly owns 528,226 shares of the company’s stock, valued at approximately $22,576,379.24. The disclosure for this sale can be found here. Insiders have sold a total of 223,145 shares of company stock valued at $9,351,606 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

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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