Alps Advisors Inc. Purchases New Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Alps Advisors Inc. purchased a new stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,930 shares of the technology company's stock, valued at approximately $284,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in Verint Systems during the 4th quarter worth $22,528,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Verint Systems by 491.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 764,498 shares of the technology company's stock valued at $20,985,000 after buying an additional 635,334 shares during the period. Invenomic Capital Management LP acquired a new stake in shares of Verint Systems during the fourth quarter worth $14,653,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Verint Systems by 48.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,263,502 shares of the technology company's stock valued at $34,683,000 after purchasing an additional 412,655 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Verint Systems by 15.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,479,163 shares of the technology company's stock valued at $68,054,000 after buying an additional 338,454 shares during the period. Hedge funds and other institutional investors own 94.95% of the company's stock.

Verint Systems Price Performance

Shares of VRNT stock traded up $0.79 during trading hours on Monday, hitting $21.60. 1,056,186 shares of the company's stock were exchanged, compared to its average volume of 977,650. The stock's 50-day moving average is $18.70 and its 200-day moving average is $20.54. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 0.83 and a beta of 1.43. Verint Systems Inc. has a 52 week low of $14.15 and a 52 week high of $37.31.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). Verint Systems had a return on equity of 12.35% and a net margin of 7.66%. The company had revenue of $173.62 million for the quarter, compared to analyst estimates of $194.61 million. During the same period last year, the firm earned $0.59 EPS. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VRNT shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $30.00 price target on shares of Verint Systems in a research report on Thursday, June 5th. Wall Street Zen downgraded shares of Verint Systems from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Cowen reissued a "buy" rating on shares of Verint Systems in a research note on Wednesday, June 4th. Rosenblatt Securities started coverage on shares of Verint Systems in a report on Friday. They issued a "buy" rating and a $40.00 price target for the company. Finally, Wedbush reissued an "outperform" rating and set a $30.00 target price on shares of Verint Systems in a research report on Wednesday, June 4th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Verint Systems has a consensus rating of "Moderate Buy" and a consensus price target of $31.71.

Verint Systems Profile

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.