AHL Partners LLP Purchases 53,851 Shares of Verint Systems Inc. (VRNT)
AHL Partners LLP grew its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 118.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,139 shares of the technology company’s stock after purchasing an additional 53,851 shares during the quarter. AHL Partners LLP owned approximately 0.16% of Verint Systems worth $4,035,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in VRNT. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Verint Systems by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock valued at $108,000 after purchasing an additional 263 shares in the last quarter. Strs Ohio boosted its stake in shares of Verint Systems by 61.5% during the first quarter. Strs Ohio now owns 4,200 shares of the technology company’s stock valued at $182,000 after purchasing an additional 1,600 shares in the last quarter. Crow Point Partners LLC acquired a new stake in shares of Verint Systems during the second quarter valued at about $187,000. Atria Investments LLC boosted its stake in shares of Verint Systems by 1.3% during the second quarter. Atria Investments LLC now owns 4,908 shares of the technology company’s stock valued at $200,000 after purchasing an additional 63 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Verint Systems during the second quarter valued at about $215,000. 93.08% of the stock is currently owned by hedge funds and other institutional investors.
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A number of analysts have recently commented on VRNT shares. Zacks Investment Research lowered Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Royal Bank Of Canada reissued a “buy” rating and set a $48.00 price target on shares of Verint Systems in a research note on Tuesday, August 15th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $49.00 price target on shares of Verint Systems in a research note on Thursday, September 7th. Finally, Deutsche Bank AG lifted their price target on Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $46.43.
Verint Systems Inc. (NASDAQ:VRNT) opened at 43.00 on Monday. Verint Systems Inc. has a 1-year low of $33.40 and a 1-year high of $44.70. The firm’s market capitalization is $2.74 billion. The company has a 50 day moving average price of $40.40 and a 200-day moving average price of $40.26.
Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.47 by $0.14. The firm had revenue of $278.20 million for the quarter, compared to analyst estimates of $270.14 million. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 2.42%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 EPS. On average, analysts forecast that Verint Systems Inc. will post $2.76 EPS for the current fiscal year.
Verint Systems Company Profile
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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