Harel Insurance Investments & Financial Services Ltd. continued to hold its stake in Verint Systems Inc. (NASDAQ:VRNT) during the second quarter, Holdings Channel reports. The firm owned 352,830 shares of the technology company’s stock at the end of the second quarter. Verint Systems makes up approximately 1.2% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 27th largest position. Harel Insurance Investments & Financial Services Ltd.’s holdings in Verint Systems were worth $14,360,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in shares of Verint Systems by 3.4% in the first quarter. Swiss National Bank now owns 104,100 shares of the technology company’s stock worth $4,515,000 after buying an additional 3,400 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Verint Systems during the first quarter worth about $331,000. Vista Equity Partners Management LLC bought a new position in shares of Verint Systems during the first quarter worth about $15,743,000. Ameriprise Financial Inc. bought a new position in shares of Verint Systems during the first quarter worth about $19,108,000. Finally, Fisher Asset Management LLC increased its position in shares of Verint Systems by 2.9% in the second quarter. Fisher Asset Management LLC now owns 2,127,041 shares of the technology company’s stock worth $86,571,000 after buying an additional 60,275 shares during the period. Institutional investors and hedge funds own 97.18% of the company’s stock.

Verint Systems Inc. (VRNT) opened at 38.40 on Thursday. The firm has a 50-day moving average price of $39.74 and a 200 day moving average price of $39.66. Verint Systems Inc. has a 1-year low of $33.40 and a 1-year high of $44.70. The company’s market capitalization is $2.41 billion.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, June 7th. The technology company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.38 by $0.11. Verint Systems had a positive return on equity of 9.76% and a negative net margin of 2.94%. The company had revenue of $265.70 million for the quarter, compared to analyst estimates of $259.97 million. During the same period last year, the company earned $0.46 earnings per share. Verint Systems’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities analysts predict that Verint Systems Inc. will post $2.72 EPS for the current year.

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A number of research analysts recently issued reports on VRNT shares. Zacks Investment Research downgraded Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Imperial Capital reiterated an “in-line” rating and set a $47.00 price objective (up from $45.00) on shares of Verint Systems in a research note on Friday, June 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $48.00 price objective (up from $44.00) on shares of Verint Systems in a research note on Thursday, June 8th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $50.00 price objective (up from $48.00) on shares of Verint Systems in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $44.38.

In other Verint Systems news, CFO Douglas Robinson sold 2,635 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $40.86, for a total value of $107,666.10. Following the sale, the chief financial officer now directly owns 159,818 shares of the company’s stock, valued at $6,530,163.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Nottenburg sold 3,846 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $40.95, for a total value of $157,493.70. Following the completion of the sale, the director now directly owns 18,178 shares in the company, valued at $744,389.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,584 shares of company stock worth $393,624. 1.30% of the stock is owned by corporate insiders.

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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