Cwm LLC Acquires 17,400 Shares of Verint Systems Inc. $VRNT

Cwm LLC lifted its position in Verint Systems Inc. (NASDAQ:VRNT) by 552.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,552 shares of the technology company’s stock after acquiring an additional 17,400 shares during the quarter. Cwm LLC’s holdings in Verint Systems were worth $404,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. State of Wyoming grew its stake in shares of Verint Systems by 7.4% in the 1st quarter. State of Wyoming now owns 9,384 shares of the technology company’s stock worth $168,000 after acquiring an additional 646 shares in the last quarter. Strs Ohio bought a new stake in shares of Verint Systems in the 1st quarter worth $29,000. Harbor Capital Advisors Inc. grew its stake in shares of Verint Systems by 14.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 16,536 shares of the technology company’s stock worth $325,000 after acquiring an additional 2,031 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Verint Systems in the 1st quarter worth $40,000. Finally, EP Wealth Advisors LLC grew its stake in shares of Verint Systems by 34.0% in the 1st quarter. EP Wealth Advisors LLC now owns 10,944 shares of the technology company’s stock worth $195,000 after acquiring an additional 2,776 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wedbush lowered shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Rosenblatt Securities lowered shares of Verint Systems from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $20.50 in a research note on Monday, August 25th. Royal Bank Of Canada restated a “sector perform” rating and set a $20.50 price target (down previously from $29.00) on shares of Verint Systems in a research report on Tuesday, August 26th. TD Cowen lowered shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Needham & Company LLC lowered shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Verint Systems currently has a consensus rating of “Hold” and an average target price of $26.33.

Verint Systems Stock Up 0.1%

NASDAQ VRNT opened at $20.27 on Friday. The company has a market cap of $1.23 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50. Verint Systems Inc. has a 52 week low of $14.15 and a 52 week high of $34.80. The firm’s 50-day simple moving average is $20.21 and its two-hundred day simple moving average is $19.27.

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

About Verint Systems

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.