Great West Life Assurance Co. Can maintained its stake in Verint Systems Inc. (NASDAQ:VRNT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,566 shares of the technology company’s stock at the close of the second quarter. Great West Life Assurance Co. Can’s holdings in Verint Systems were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Atria Investments LLC lifted its stake in Verint Systems by 1.3% in the second quarter. Atria Investments LLC now owns 4,908 shares of the technology company’s stock valued at $200,000 after buying an additional 63 shares in the last quarter. Creative Planning lifted its stake in Verint Systems by 0.9% in the second quarter. Creative Planning now owns 7,856 shares of the technology company’s stock valued at $320,000 after buying an additional 67 shares in the last quarter. Hartford Investment Management Co. lifted its stake in Verint Systems by 0.4% in the second quarter. Hartford Investment Management Co. now owns 73,002 shares of the technology company’s stock valued at $2,971,000 after buying an additional 260 shares in the last quarter. Strs Ohio lifted its stake in Verint Systems by 9.5% in the second quarter. Strs Ohio now owns 4,600 shares of the technology company’s stock valued at $187,000 after buying an additional 400 shares in the last quarter. Finally, Global Endowment Management LP lifted its stake in Verint Systems by 6.3% in the first quarter. Global Endowment Management LP now owns 9,440 shares of the technology company’s stock valued at $409,000 after buying an additional 560 shares in the last quarter. 94.65% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Verint Systems from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Wednesday. Imperial Capital reaffirmed an “in-line” rating and issued a $47.00 price target (up previously from $45.00) on shares of Verint Systems in a research note on Friday, June 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $48.00 price target (up previously from $44.00) on shares of Verint Systems in a research note on Thursday, June 8th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $49.00 price target on shares of Verint Systems in a research note on Thursday, September 7th. Finally, Deutsche Bank AG lifted their price target 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $46.43.

In other news, Director Richard N. Nottenburg sold 3,846 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were 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 owns 18,178 shares of the company’s stock, valued at approximately $744,389.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Douglas Robinson sold 2,635 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $40.86, for a total transaction of $107,666.10. Following the sale, the chief financial officer now directly owns 159,818 shares of the company’s stock, valued at approximately $6,530,163.48. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Shares of Verint Systems Inc. (VRNT) opened at 41.05 on Thursday. Verint Systems Inc. has a 12 month low of $33.40 and a 12 month high of $44.70. The company’s market cap is $2.62 billion. The stock has a 50 day moving average of $38.93 and a 200-day moving average of $39.94.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.47 by $0.14. The company had revenue of $278.20 million during the quarter, compared to the consensus estimate of $270.14 million. Verint Systems had a negative net margin of 2.42% and a positive return on equity of 9.90%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. On average, analysts forecast that Verint Systems Inc. will post $2.74 EPS for the current year.

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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