Pioneer Investment Management Inc. bought a new position in Verint Systems Inc. (NASDAQ:VRNT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 427,185 shares of the technology company’s stock, valued at approximately $17,386,000.

Several other hedge funds have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its stake in Verint Systems by 27.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,669 shares of the technology company’s stock worth $116,000 after buying an additional 576 shares in the last quarter. Bank of Montreal Can raised its stake in Verint Systems by 43.1% in the first quarter. Bank of Montreal Can now owns 3,080 shares of the technology company’s stock worth $134,000 after buying an additional 927 shares in the last quarter. Strs Ohio raised its stake in Verint Systems by 61.5% in the first quarter. Strs Ohio now owns 4,200 shares of the technology company’s stock worth $182,000 after buying an additional 1,600 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Verint Systems during the fourth quarter worth $148,000. Finally, Solaris Asset Management LLC raised its stake in Verint Systems by 6.2% in the first quarter. Solaris Asset Management LLC now owns 4,300 shares of the technology company’s stock worth $187,000 after buying an additional 250 shares in the last quarter. Institutional investors own 97.18% of the company’s stock.

Shares of Verint Systems Inc. (NASDAQ:VRNT) opened at 38.10 on Friday. The firm has a 50-day moving average of $39.66 and a 200 day moving average of $39.65. The stock’s market capitalization is $2.39 billion. Verint Systems Inc. has a one year low of $33.40 and a one year high of $44.70.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings data on Wednesday, June 7th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.11. The company 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 2.94% and a positive return on equity of 9.76%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. On average, equities research analysts predict that Verint Systems Inc. will post $2.72 EPS for the current year.

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A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Imperial Capital reiterated an “in-line” rating and set a $47.00 target price (up from $45.00) on shares of Verint Systems in a report on Friday, June 9th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $50.00 target price (up from $48.00) on shares of Verint Systems in a report on Friday, June 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $48.00 target price (up from $44.00) on shares of Verint Systems in a report on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $44.38.

In other news, Director Larry F. Myers sold 3,103 shares of the company’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 value of $128,464.20. Following the completion of the sale, the director now owns 10,751 shares of the company’s stock, valued at approximately $445,091.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Nottenburg sold 3,846 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $40.95, for a total transaction of $157,493.70. Following the completion of the sale, the director now directly owns 18,178 shares of the company’s stock, valued at approximately $744,389.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,584 shares of company stock valued at $393,624. 1.30% of the stock is owned by corporate insiders.

Verint Systems Company Profile

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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