Caxton Associates LLP Invests $479,000 in Verint Systems Inc. $VRNT

Key Points

• Caxton Associates LLP acquired a new stake in Verint Systems Inc. by purchasing 26,847 shares valued at approximately $479,000 during the first quarter.
• Despite reporting a quarterly EPS of $0.33 that exceeded estimates, Verint's revenue of $165.52 million fell short of the $200.43 million analysts had anticipated, marking a 1.0% year-over-year decline.
• The majority of Verint Systems' stock, 94.95%, is owned by institutional investors, indicating strong confidence in the company's performance.

Caxton Associates LLP purchased a new position in Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 26,847 shares of the technology company's stock, valued at approximately $479,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRNT. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Verint Systems during the 1st quarter worth about $40,000. Parallel Advisors LLC grew its holdings in Verint Systems by 14,079.2% during the first quarter. Parallel Advisors LLC now owns 3,403 shares of the technology company's stock worth $61,000 after acquiring an additional 3,379 shares during the period. Wolverine Asset Management LLC purchased a new position in Verint Systems during the first quarter valued at approximately $94,000. GAMMA Investing LLC lifted its holdings in Verint Systems by 916.9% in the first quarter. GAMMA Investing LLC now owns 5,837 shares of the technology company's stock valued at $104,000 after acquiring an additional 5,263 shares during the period. Finally, Cetera Investment Advisers purchased a new position in shares of Verint Systems during the 4th quarter valued at approximately $201,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wedbush downgraded shares of Verint Systems from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Cowen reissued a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th. TD Cowen downgraded Verint Systems from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 25th. Needham & Company LLC lowered Verint Systems from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. Finally, Rosenblatt Securities cut Verint Systems from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $40.00 to $20.50 in a report on Monday, August 25th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Verint Systems presently has a consensus rating of "Hold" and a consensus target price of $26.33.

Verint Systems Trading Up 0.0%

NASDAQ VRNT traded up $0.01 on Wednesday, reaching $20.33. 314,395 shares of the company were exchanged, compared to its average volume of 1,314,115. The business's fifty day moving average price is $20.61 and its 200 day moving average price is $19.21. The stock has a market capitalization of $1.23 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 0.89 and a beta of 1.47. Verint Systems Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $34.80.

Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings results on Tuesday, September 2nd. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The business had revenue of $165.52 million for the quarter, compared to analyst estimates of $200.43 million. Verint Systems had a return on equity of 11.06% and a net margin of 6.87%.The company's quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. Equities research analysts forecast that Verint Systems Inc. will post 1.92 earnings per share for the current year.

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.