Verint Systems Inc. (VRNT) Shares Bought by Bank of Montreal Can
Bank of Montreal Can boosted its position in Verint Systems Inc. (NASDAQ:VRNT) by 8,245.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 257,052 shares of the technology company’s stock after buying an additional 253,972 shares during the period. Bank of Montreal Can owned about 0.41% of Verint Systems worth $10,462,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Verint Systems during the fourth quarter valued at about $20,919,000. Ameriprise Financial Inc. bought a new position in shares of Verint Systems during the first quarter valued at about $19,108,000. Penserra Capital Management LLC boosted its position in shares of Verint Systems by 5,565.6% in the first quarter. Penserra Capital Management LLC now owns 413,251 shares of the technology company’s stock valued at $17,924,000 after buying an additional 405,957 shares during the period. Vista Equity Partners Management LLC bought a new position in shares of Verint Systems during the first quarter valued at about $15,743,000. Finally, Alliancebernstein L.P. boosted its position in shares of Verint Systems by 13.6% in the first quarter. Alliancebernstein L.P. now owns 2,824,726 shares of the technology company’s stock valued at $122,522,000 after buying an additional 338,476 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.
Verint Systems Inc. (VRNT) opened at 39.10 on Tuesday. The firm’s 50-day moving average price is $40.75 and its 200 day moving average price is $39.55. Verint Systems Inc. has a 52-week low of $33.40 and a 52-week high of $44.70. The firm’s market cap is $2.45 billion.
Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, June 7th. The technology company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.38 by $0.11. Verint Systems had a negative net margin of 2.94% and a positive return on equity of 9.76%. The company had revenue of $265.70 million for the quarter, compared to analyst estimates of $259.97 million. During the same quarter last year, the business earned $0.46 earnings per share. Verint Systems’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts anticipate that Verint Systems Inc. will post $2.71 earnings per share for the current year.
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Several equities analysts recently issued reports on VRNT shares. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $50.00 price target (up previously from $48.00) on shares of Verint Systems in a research report on Friday, June 9th. Zacks Investment Research upgraded Verint Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. Deutsche Bank AG boosted their price target on Verint Systems from $34.00 to $40.00 and gave the company a “hold” rating in a research report on Wednesday, March 29th. Imperial Capital restated an “in-line” rating and issued a $47.00 price target (up previously from $45.00) on shares of Verint Systems in a research report on Friday, June 9th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $48.00 price target (up previously from $44.00) on shares of Verint Systems in a research report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $44.38.
In other Verint Systems news, CFO Douglas Robinson sold 2,635 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were 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 in the company, valued at $6,530,163.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry F. Myers sold 3,103 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $41.40, for a total transaction of $128,464.20. Following the completion of the sale, the director now owns 10,751 shares in the company, valued at approximately $445,091.40. The disclosure for this sale can be found here. Insiders sold 9,584 shares of company stock worth $393,624 in the last 90 days. 1.20% of the stock is owned by company 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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