Andina Capital Management LLC Makes New Investment in Verint Systems Inc. $VRNT

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Andina Capital Management LLC acquired a new position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,671 shares of the technology company's stock, valued at approximately $298,000.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in Verint Systems by 54.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 173,476 shares of the technology company's stock worth $3,093,000 after acquiring an additional 61,284 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Verint Systems by 7.3% in the first quarter. Asset Management One Co. Ltd. now owns 87,780 shares of the technology company's stock worth $1,567,000 after acquiring an additional 6,007 shares in the last quarter. Teacher Retirement System of Texas raised its position in Verint Systems by 14.8% in the first quarter. Teacher Retirement System of Texas now owns 46,735 shares of the technology company's stock worth $834,000 after acquiring an additional 6,025 shares in the last quarter. Parallel Advisors LLC increased its position 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 valued at $61,000 after buying an additional 3,379 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Verint Systems by 1.5% in the fourth quarter. Northern Trust Corp now owns 639,234 shares of the technology company's stock valued at $17,547,000 after buying an additional 9,361 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VRNT. Cowen restated a "buy" rating on shares of Verint Systems in a research report on Wednesday, June 4th. Rosenblatt Securities began coverage on Verint Systems in a research report on Friday, July 18th. They issued a "buy" rating and a $40.00 price target for the company. Wedbush restated an "outperform" rating and issued a $30.00 price target on shares of Verint Systems in a research report on Wednesday, June 4th. Finally, Needham & Company LLC restated a "buy" rating and issued a $30.00 price target on shares of Verint Systems in a research report on Thursday, June 5th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.71.

Verint Systems Trading Down 0.2%

Verint Systems stock opened at $19.46 on Tuesday. The stock has a market cap of $1.17 billion, a PE ratio of 23.73, a P/E/G ratio of 0.78 and a beta of 1.46. The stock has a 50-day moving average price of $20.02 and a 200 day moving average price of $19.91. 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 posted its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). The company had revenue of $173.62 million for the quarter, compared to analysts' expectations of $194.61 million. Verint Systems had a return on equity of 12.35% and a net margin of 7.66%. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. On average, equities analysts predict that Verint Systems Inc. will post 1.92 EPS for the current year.

Verint Systems Company 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.

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