AlphaQuest LLC Grows Stock Position in Verint Systems Inc. $VRNT

Key Points

• AlphaQuest LLC significantly increased its stake in Verint Systems Inc. by acquiring 14,093 shares, bringing its total holdings to 15,008 shares valued at approximately $268,000.
• Several institutional investors have made significant adjustments to their positions in Verint Systems, with most recent purchases showing substantial percentage increases in their holdings.
• Verint Systems reported a loss in earnings per share for the last quarter, missing analyst expectations and reflecting a decline in year-over-year revenues.

AlphaQuest LLC increased its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 1,540.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,008 shares of the technology company's stock after buying an additional 14,093 shares during the period. AlphaQuest LLC's holdings in Verint Systems were worth $268,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Clark Capital Management Group Inc. increased its holdings in Verint Systems by 0.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company's stock worth $3,909,000 after buying an additional 515 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Verint Systems by 5.2% during the fourth quarter. MetLife Investment Management LLC now owns 37,507 shares of the technology company's stock worth $1,030,000 after buying an additional 1,853 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Verint Systems in the first quarter worth about $40,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of Verint Systems by 6.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 53,966 shares of the technology company's stock worth $963,000 after purchasing an additional 3,174 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Verint Systems by 14,079.2% in the first quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company's stock worth $61,000 after purchasing an additional 3,379 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

Verint Systems Price Performance

Verint Systems stock traded down $0.06 during mid-day trading on Thursday, reaching $20.36. 415,427 shares of the company traded hands, compared to its average volume of 1,272,099. The firm's 50 day moving average price is $20.61 and its 200 day moving average price is $19.50. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 0.82 and a beta of 1.47. Verint Systems Inc. has a 52-week low of $14.15 and a 52-week high of $34.80.

Verint Systems (NASDAQ:VRNT - Get Free Report) last announced its earnings results on Tuesday, September 2nd. The technology company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. Verint Systems had a net margin of 7.66% and a return on equity of 12.35%. The firm had revenue of $165.52 million for the quarter, compared to analysts' expectations of $200.43 million. During the same quarter in the previous year, the business posted $0.49 EPS. The company's quarterly revenue was down 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that Verint Systems Inc. will post 1.92 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VRNT. TD Cowen lowered shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. Cowen reiterated a "buy" rating on shares of Verint Systems in a research report on Wednesday, June 4th. Rosenblatt Securities lowered shares of Verint Systems from a "buy" rating to a "hold" rating and dropped their target price for the company from $40.00 to $20.50 in a research report on Monday, August 25th. Wedbush lowered shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Finally, Needham & Company LLC lowered shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $27.71.

About Verint Systems

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.