Dynamic Technology Lab Private Ltd Acquires New Shares in Verint Systems Inc. $VRNT

Key Points

• Dynamic Technology Lab Private Ltd acquired 32,039 shares of Verint Systems, valued at approximately $572,000, representing around 0.05% of the company's total shares.
• Several institutional investors, including Vanguard Group and Global Alpha Capital Management, have increased their positions in Verint Systems during the first quarter, with institutional ownership now at 94.95%.
• Analyst ratings have shifted significantly, with multiple firms downgrading Verint Systems from "buy" to "hold," resulting in a consensus rating of "Hold" and a reduced price target of $20.50.

Dynamic Technology Lab Private Ltd acquired a new stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 32,039 shares of the technology company's stock, valued at approximately $572,000. Dynamic Technology Lab Private Ltd owned approximately 0.05% of Verint Systems as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Verint Systems by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 7,819,401 shares of the technology company's stock valued at $139,576,000 after buying an additional 55,918 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its position in Verint Systems by 1.9% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 1,750,603 shares of the technology company's stock valued at $31,248,000 after acquiring an additional 32,900 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Verint Systems by 0.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,267,351 shares of the technology company's stock valued at $22,622,000 after acquiring an additional 3,849 shares in the last quarter. Invenomic Capital Management LP increased its holdings in Verint Systems by 116.5% during the 1st quarter. Invenomic Capital Management LP now owns 1,155,532 shares of the technology company's stock worth $20,626,000 after purchasing an additional 621,707 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in Verint Systems by 8.3% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 840,389 shares of the technology company's stock worth $15,001,000 after purchasing an additional 64,520 shares in the last quarter. Institutional investors own 94.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VRNT. Royal Bank Of Canada reiterated a "sector perform" rating and set a $20.50 target price (down previously from $29.00) on shares of Verint Systems in a report on Tuesday, August 26th. Needham & Company LLC cut Verint Systems from a "buy" rating to a "hold" rating in a report on Monday, August 25th. TD Cowen cut Verint Systems from a "strong-buy" rating to a "hold" rating in a report on Monday, August 25th. Rosenblatt Securities cut Verint Systems from a "buy" rating to a "hold" rating and lowered their target price for the stock from $40.00 to $20.50 in a report on Monday, August 25th. Finally, Wedbush cut Verint Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $26.33.

Verint Systems Price Performance

Verint Systems stock opened at $20.33 on Thursday. The firm has a 50-day moving average of $20.69 and a 200-day moving average of $19.32. Verint Systems Inc. has a one year low of $14.15 and a one year high of $34.80. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 28.63, a P/E/G ratio of 0.89 and a beta of 1.47.

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

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.

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