Verint Systems Inc. (NASDAQ:VRNT) Shares Bought by Brandes Investment Partners LP

Brandes Investment Partners LP grew its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 33.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,440 shares of the technology company’s stock after buying an additional 6,150 shares during the quarter. Brandes Investment Partners LP’s holdings in Verint Systems were worth $787,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in VRNT. Quarry LP raised its holdings in Verint Systems by 160.9% during the second quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after purchasing an additional 489 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Verint Systems by 764.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock worth $28,000 after buying an additional 917 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Verint Systems in the 1st quarter valued at approximately $30,000. Innealta Capital LLC purchased a new stake in shares of Verint Systems in the second quarter valued at approximately $36,000. Finally, FinTrust Capital Advisors LLC grew its holdings in Verint Systems by 173.7% during the first quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock worth $39,000 after acquiring an additional 754 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

Insiders Place Their Bets

In other news, insider Peter Fante sold 6,330 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $163,630.50. Following the completion of the transaction, the insider now owns 91,334 shares of the company’s stock, valued at $2,360,983.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Peter Fante sold 6,330 shares of Verint Systems stock in a transaction on Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $163,630.50. Following the completion of the sale, the insider now owns 91,334 shares of the company’s stock, valued at $2,360,983.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Dan Bodner sold 16,932 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $25.85, for a total value of $437,692.20. Following the transaction, the chief executive officer now owns 592,832 shares in the company, valued at $15,324,707.20. The disclosure for this sale can be found here. Insiders have sold 33,811 shares of company stock valued at $874,014 in the last ninety days. Insiders own 1.70% of the company’s stock.

Verint Systems Trading Down 0.9 %

Shares of VRNT opened at $25.33 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.41 and a quick ratio of 1.36. Verint Systems Inc. has a 1-year low of $18.41 and a 1-year high of $38.17. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 52.77, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24. The firm has a 50 day simple moving average of $30.34 and a 200-day simple moving average of $31.36.

Verint Systems (NASDAQ:VRNT) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The company had revenue of $210.17 million during the quarter, compared to analyst estimates of $212.81 million. Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. The business’s revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned $0.22 earnings per share. Equities analysts forecast that Verint Systems Inc. will post 1.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wedbush restated an “outperform” rating and set a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. Jefferies Financial Group decreased their price objective on shares of Verint Systems from $32.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. TD Cowen dropped their target price on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Evercore ISI decreased their price target on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Verint Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.

Verint Systems Profile

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.