Swiss National Bank Buys 2,700 Shares of Verint Systems Inc. (VRNT)
Swiss National Bank grew its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,800 shares of the technology company’s stock after purchasing an additional 2,700 shares during the quarter. Swiss National Bank’s holdings in Verint Systems were worth $4,470,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Verint Systems by 10.2% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,969,530 shares of the technology company’s stock valued at $82,425,000 after purchasing an additional 181,583 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Verint Systems by 7.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,449,518 shares of the technology company’s stock valued at $60,663,000 after purchasing an additional 96,051 shares during the last quarter. American Capital Management Inc. grew its holdings in shares of Verint Systems by 23.7% during the fourth quarter. American Capital Management Inc. now owns 1,431,899 shares of the technology company’s stock valued at $59,925,000 after purchasing an additional 274,094 shares during the last quarter. State Street Corp grew its holdings in shares of Verint Systems by 5.5% during the second quarter. State Street Corp now owns 1,258,532 shares of the technology company’s stock valued at $51,225,000 after purchasing an additional 65,509 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Verint Systems by 18.5% during the third quarter. Victory Capital Management Inc. now owns 1,113,225 shares of the technology company’s stock valued at $46,588,000 after purchasing an additional 173,696 shares during the last quarter. 93.53% of the stock is owned by institutional investors.
VRNT has been the subject of several recent research reports. Zacks Investment Research raised Verint Systems from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Saturday, December 23rd. Oppenheimer reaffirmed a “buy” rating and set a $49.00 target price on shares of Verint Systems in a report on Wednesday, December 20th. Finally, BidaskClub raised Verint Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Verint Systems has an average rating of “Hold” and an average target price of $47.50.
Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, December 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.32. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 1.41%. The business had revenue of $280.70 million during the quarter, compared to analyst estimates of $282.01 million. During the same period in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. analysts anticipate that Verint Systems Inc. will post 1.82 earnings per share for the current fiscal year.
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Verint Systems 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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