Dorsey & Whitney Trust CO LLC bought a new stake in Verint Systems Inc. (NASDAQ:VRNT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,281 shares of the technology company’s stock, valued at approximately $215,000.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Verint Systems by 5.2% in the first quarter. Vanguard Group Inc. now owns 5,110,172 shares of the technology company’s stock valued at $221,654,000 after purchasing an additional 250,730 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Verint Systems by 13.6% during the first quarter. Alliancebernstein L.P. now owns 2,824,726 shares of the technology company’s stock worth $122,522,000 after acquiring an additional 338,476 shares during the period. Fisher Asset Management LLC lifted its holdings in Verint Systems by 2.9% during the second quarter. Fisher Asset Management LLC now owns 2,127,041 shares of the technology company’s stock worth $86,571,000 after acquiring an additional 60,275 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Verint Systems by 23.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,274,392 shares of the technology company’s stock worth $55,278,000 after acquiring an additional 238,346 shares during the period. Finally, State Street Corp lifted its holdings in Verint Systems by 3.0% during the first quarter. State Street Corp now owns 1,193,023 shares of the technology company’s stock worth $51,744,000 after acquiring an additional 34,260 shares during the period. Institutional investors own 94.65% of the company’s stock.

Shares of Verint Systems Inc. (VRNT) opened at 40.15 on Friday. The company’s 50-day moving average price is $39.01 and its 200-day moving average price is $39.96. The company’s market capitalization is $2.56 billion. Verint Systems Inc. has a one year low of $33.40 and a one year high of $44.70.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, September 6th. The technology company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.47 by $0.14. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 2.42%. The business had revenue of $278.20 million for the quarter, compared to the consensus estimate of $270.14 million. During the same period last year, the business posted $0.57 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts predict that Verint Systems Inc. will post $2.76 earnings per share for the current year.

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In other Verint Systems news, Director Richard N. Nottenburg sold 3,846 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $40.95, for a total transaction of $157,493.70. Following the sale, the director now directly owns 18,178 shares in the company, valued at approximately $744,389.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Douglas Robinson sold 2,635 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $40.86, for a total value of $107,666.10. Following the sale, the chief financial officer now owns 159,818 shares in the company, valued at $6,530,163.48. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

A number of brokerages recently commented on VRNT. Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “strong-buy” rating and set a $48.00 price target on the stock in a report on Wednesday, June 14th. Imperial Capital reiterated an “in-line” rating and set a $47.00 price target (up from $45.00) on shares of Verint Systems in a report on Friday, June 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $48.00 price target (up from $44.00) on shares of Verint Systems in a report on Thursday, June 8th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $49.00 price target on shares of Verint Systems in a report on Thursday, September 7th. Finally, Deutsche Bank AG lifted their price target on Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $46.43.

About Verint Systems

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.

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Institutional Ownership by Quarter for Verint Systems (NASDAQ:VRNT)

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