Verint Systems Inc. $VRNT Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 148.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,175,147 shares of the technology company’s stock after purchasing an additional 1,299,085 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 3.61% of Verint Systems worth $38,826,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VRNT. Cetera Investment Advisers acquired a new position in Verint Systems in the fourth quarter valued at approximately $201,000. Millennium Management LLC boosted its stake in shares of Verint Systems by 62.1% during the fourth quarter. Millennium Management LLC now owns 516,438 shares of the technology company’s stock valued at $14,176,000 after acquiring an additional 197,893 shares during the last quarter. Man Group plc acquired a new stake in shares of Verint Systems during the fourth quarter valued at $221,000. ProShare Advisors LLC boosted its stake in Verint Systems by 32.4% in the 4th quarter. ProShare Advisors LLC now owns 22,769 shares of the technology company’s stock worth $625,000 after buying an additional 5,571 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Verint Systems by 142.6% in the 4th quarter. Mackenzie Financial Corp now owns 97,757 shares of the technology company’s stock worth $2,683,000 after purchasing an additional 57,465 shares during the period. 94.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VRNT has been the topic of several analyst reports. Rosenblatt Securities downgraded Verint Systems from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $20.50 in a report on Monday, August 25th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $20.50 price target (down previously from $29.00) on shares of Verint Systems in a report on Tuesday, August 26th. TD Cowen downgraded Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. Needham & Company LLC cut Verint Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Wedbush lowered Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.33.

Verint Systems Trading Down 0.1%

Shares of VRNT stock opened at $20.31 on Tuesday. The stock has a 50 day simple moving average of $20.64 and a 200 day simple moving average of $19.20. Verint Systems Inc. has a 1 year low of $14.15 and a 1 year high of $34.80. The stock has a market cap of $1.23 billion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 0.89 and a beta of 1.47.

Verint Systems (NASDAQ:VRNT) last released its earnings results on Tuesday, September 2nd. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $165.52 million during the quarter, compared to analysts’ expectations of $200.43 million. Verint Systems had a return on equity of 11.06% and a net margin of 6.87%.The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. Analysts forecast that Verint Systems Inc. will post 1.92 EPS for the current year.

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.