Swiss National Bank Cuts Position in Verint Systems Inc. $VRNT

Swiss National Bank decreased its holdings in Verint Systems Inc. (NASDAQ:VRNT) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,700 shares of the technology company’s stock after selling 1,200 shares during the quarter. Swiss National Bank owned about 0.19% of Verint Systems worth $2,154,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Deutsche Bank AG increased its position in shares of Verint Systems by 42.5% in the first quarter. Deutsche Bank AG now owns 433,612 shares of the technology company’s stock valued at $7,740,000 after buying an additional 129,266 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Verint Systems by 7.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 760,107 shares of the technology company’s stock valued at $13,568,000 after buying an additional 54,880 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Verint Systems by 0.7% in the first quarter. Vanguard Group Inc. now owns 7,819,401 shares of the technology company’s stock valued at $139,576,000 after buying an additional 55,918 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Verint Systems in the first quarter valued at $944,000. Finally, Picton Mahoney Asset Management increased its position in shares of Verint Systems by 113,733.3% in the first quarter. Picton Mahoney Asset Management now owns 51,225 shares of the technology company’s stock valued at $914,000 after buying an additional 51,180 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Verint Systems Stock Up 6.0%

VRNT opened at $20.47 on Friday. The firm has a market cap of $1.23 billion, a P/E ratio of 24.96, a PEG ratio of 0.82 and a beta of 1.46. Verint Systems Inc. has a 52 week low of $14.15 and a 52 week high of $34.80. The business’s fifty day simple moving average is $20.10 and its 200 day simple moving average is $19.77.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). The business had revenue of $173.62 million during the quarter, compared to analyst estimates of $194.61 million. Verint Systems had a return on equity of 12.35% and a net margin of 7.66%.The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. Verint Systems has set its FY 2026 guidance at 2.930-2.930 EPS. As a group, equities analysts expect that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on VRNT shares. Wedbush restated an “outperform” rating and issued a $30.00 price target on shares of Verint Systems in a research report on Wednesday, June 4th. Needham & Company LLC restated a “buy” rating and issued a $30.00 price target on shares of Verint Systems in a research report on Thursday, June 5th. Cowen restated a “buy” rating on shares of Verint Systems in a research report on Wednesday, June 4th. Finally, Rosenblatt Securities started coverage on Verint Systems in a research report on Friday, July 18th. They issued a “buy” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.71.

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.