Picton Mahoney Asset Management increased its position in shares of Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 113,733.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,225 shares of the technology company's stock after buying an additional 51,180 shares during the quarter. Picton Mahoney Asset Management owned about 0.08% of Verint Systems worth $914,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of VRNT. Headlands Technologies LLC purchased a new stake in shares of Verint Systems in the fourth quarter valued at approximately $52,000. Sterling Capital Management LLC raised its holdings in shares of Verint Systems by 808.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,925 shares of the technology company's stock worth $53,000 after acquiring an additional 1,713 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Verint Systems in the fourth quarter valued at $58,000. Parallel Advisors LLC grew 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 purchasing an additional 3,379 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Verint Systems in the fourth quarter valued at $62,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
VRNT has been the subject of a number of research reports. Needham & Company LLC reissued a "buy" rating and set a $30.00 price target on shares of Verint Systems in a research report on Thursday, June 5th. Cowen reissued a "buy" rating on shares of Verint Systems in a report on Wednesday, June 4th. Rosenblatt Securities began coverage on Verint Systems in a research note on Friday, July 18th. They set a "buy" rating and a $40.00 price objective on the stock. Finally, Wedbush reiterated an "outperform" rating and set a $30.00 price target on shares of Verint Systems in a research report on Wednesday, June 4th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.71.
Check Out Our Latest Report on Verint Systems
Verint Systems Stock Down 5.0%
NASDAQ VRNT traded down $1.06 on Friday, reaching $20.22. 1,147,483 shares of the stock traded hands, compared to its average volume of 1,109,159. The firm's fifty day simple moving average is $19.47 and its 200 day simple moving average is $20.34. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 0.85 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.
Verint Systems (NASDAQ:VRNT - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). The company had revenue of $173.62 million for the quarter, compared to the consensus estimate of $194.61 million. Verint Systems had a return on equity of 12.35% and a net margin of 7.66%. The business's revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. As a group, equities research analysts forecast that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.
Verint Systems Company Profile
(
Free Report)
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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