Deutsche Bank AG Has $7.74 Million Position in Verint Systems Inc. (NASDAQ:VRNT)

Key Points

• Deutsche Bank AG has increased its stake in Verint Systems by 42.5%, now owning 433,612 shares valued at approximately $7.74 million.
• Verint Systems reported a net margin of 7.66% and earnings per share of $0.29 for the most recent quarter, falling short of analysts' expectations.
• Institutional investors collectively own 94.95% of Verint Systems' stock, indicating strong institutional interest in the company.

Deutsche Bank AG increased its stake in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 42.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,612 shares of the technology company's stock after buying an additional 129,266 shares during the quarter. Deutsche Bank AG owned about 0.70% of Verint Systems worth $7,740,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in Verint Systems by 7.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 760,107 shares of the technology company's stock worth $13,568,000 after buying an additional 54,880 shares in the last quarter. Vanguard Group Inc. lifted its stake in Verint Systems by 0.7% during the first quarter. Vanguard Group Inc. now owns 7,819,401 shares of the technology company's stock worth $139,576,000 after purchasing an additional 55,918 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Verint Systems during the first quarter worth $944,000. Picton Mahoney Asset Management lifted its stake in Verint Systems by 113,733.3% during the first quarter. Picton Mahoney Asset Management now owns 51,225 shares of the technology company's stock worth $914,000 after purchasing an additional 51,180 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Verint Systems by 53.6% during the first quarter. Mackenzie Financial Corp now owns 150,190 shares of the technology company's stock worth $2,681,000 after purchasing an additional 52,433 shares during the last quarter. Institutional investors and hedge funds own 94.95% of the company's stock.

Verint Systems Stock Down 1.5%

Shares of NASDAQ:VRNT opened at $19.49 on Friday. The firm has a market cap of $1.17 billion, a P/E ratio of 23.77, a P/E/G ratio of 0.79 and a beta of 1.46. Verint Systems Inc. has a 12-month low of $14.15 and a 12-month high of $34.80. The business has a fifty day simple moving average of $20.01 and a 200 day simple moving average of $20.03.

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

Analyst Ratings Changes

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

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.

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