Dynamic Technology Lab Private Ltd Invests $572,000 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 position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,039 shares of the technology company's stock, valued at approximately $572,000. Dynamic Technology Lab Private Ltd owned 0.05% of Verint Systems at the end of the most recent quarter.

A number of other large investors have also modified their holdings of VRNT. Invenomic Capital Management LP increased its position in shares of Verint Systems by 116.5% during the first quarter. Invenomic Capital Management LP now owns 1,155,532 shares of the technology company's stock worth $20,626,000 after acquiring an additional 621,707 shares during the period. Philosophy Capital Management LLC purchased a new position in Verint Systems in the first quarter valued at $10,168,000. Nuveen LLC purchased a new position in Verint Systems in the first quarter valued at $8,758,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Verint Systems in the first quarter valued at $6,406,000. Finally, Foundry Partners LLC purchased a new position in Verint Systems in the first quarter valued at $5,436,000. Hedge funds and other institutional investors own 94.95% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Needham & Company LLC lowered Verint Systems from a "buy" rating to a "hold" rating in a report on Monday, August 25th. Cowen reissued a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $20.50 target price (down previously from $29.00) on shares of Verint Systems in a report on Tuesday, August 26th. Rosenblatt Securities lowered Verint Systems from a "buy" rating to a "hold" rating and dropped their target price for the company from $40.00 to $20.50 in a report on Monday, August 25th. Finally, Wedbush lowered Verint Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $26.33.

Verint Systems Stock Performance

NASDAQ VRNT traded up $0.01 during trading hours on Tuesday, hitting $20.32. The company had a trading volume of 1,156,820 shares, compared to its average volume of 3,098,062. Verint Systems Inc. has a 1-year low of $14.15 and a 1-year high of $34.80. The company has a market cap of $1.23 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 0.89 and a beta of 1.47. The business has a 50 day moving average of $20.61 and a 200-day moving average of $19.21.

Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly earnings data on Tuesday, September 2nd. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $0.49 earnings per share. Verint Systems's revenue for the quarter was down 1.0% on a year-over-year basis. Sell-side analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal 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.