DekaBank Deutsche Girozentrale Grows Holdings in Verint Systems Inc. $VRNT

DekaBank Deutsche Girozentrale grew its stake in Verint Systems Inc. (NASDAQ:VRNT) by 3.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 189,512 shares of the technology company’s stock after acquiring an additional 5,695 shares during the period. DekaBank Deutsche Girozentrale owned about 0.32% of Verint Systems worth $3,515,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Verint Systems by 148.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,175,147 shares of the technology company’s stock valued at $38,826,000 after purchasing an additional 1,299,085 shares in the last quarter. Invenomic Capital Management LP grew its holdings in shares of Verint Systems by 116.5% in the first quarter. Invenomic Capital Management LP now owns 1,155,532 shares of the technology company’s stock valued at $20,626,000 after purchasing an additional 621,707 shares in the last quarter. Philosophy Capital Management LLC acquired a new position in shares of Verint Systems in the first quarter valued at approximately $10,168,000. Nuveen LLC acquired a new position in shares of Verint Systems in the first quarter valued at approximately $8,758,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Verint Systems in the first quarter valued at approximately $6,406,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

Verint Systems Stock Up 0.1%

NASDAQ VRNT opened at $20.27 on Friday. The firm has a 50 day moving average of $20.21 and a two-hundred day moving average of $19.27. Verint Systems Inc. has a 52 week low of $14.15 and a 52 week high of $34.80. The stock has a market capitalization 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 (NASDAQ:VRNT) last issued its earnings results on Tuesday, September 2nd. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. Verint Systems had a net margin of 6.87% and a return on equity of 11.06%. The business had revenue of $165.52 million during the quarter, compared to analysts’ expectations of $200.43 million. During the same quarter in the prior year, the business posted $0.49 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities research analysts expect that Verint Systems Inc. will post 1.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VRNT. Wedbush cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Verint Systems in a report on Friday. Needham & Company LLC cut shares of Verint Systems from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Rosenblatt Securities cut shares of Verint Systems from a “buy” rating to a “hold” rating and lowered their price target for the stock from $40.00 to $20.50 in a report on Monday, August 25th. Finally, TD Cowen cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $26.33.

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.