Swiss National Bank Boosts Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Swiss National Bank raised its holdings in shares of Verint Systems Inc. (NASDAQ:VRNT) by 4.5% during the first quarter, HoldingsChannel.com reports. The firm owned 118,300 shares of the technology company’s stock after purchasing an additional 5,100 shares during the period. Swiss National Bank’s holdings in Verint Systems were worth $7,081,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRNT. Norges Bank purchased a new position in Verint Systems during the 4th quarter valued at about $34,750,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Verint Systems by 60.6% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,250,568 shares of the technology company’s stock worth $52,912,000 after buying an additional 472,000 shares during the last quarter. Castleark Management LLC purchased a new position in shares of Verint Systems in the 4th quarter worth approximately $6,700,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Verint Systems by 952.6% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 143,477 shares of the technology company’s stock worth $8,589,000 after buying an additional 129,846 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Verint Systems by 9.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,247,609 shares of the technology company’s stock worth $52,787,000 after buying an additional 104,034 shares during the last quarter. 95.61% of the stock is currently owned by institutional investors and hedge funds.

VRNT has been the topic of a number of analyst reports. BidaskClub downgraded shares of Verint Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Imperial Capital lifted their price objective on shares of Verint Systems from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Jefferies Financial Group lifted their price objective on shares of Verint Systems from $53.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Zacks Investment Research downgraded shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 16th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $70.00 price objective (up previously from $63.00) on shares of Verint Systems in a research report on Tuesday, May 21st. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Verint Systems currently has an average rating of “Buy” and a consensus target price of $65.57.

Shares of Verint Systems stock opened at $56.01 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.45 and a debt-to-equity ratio of 0.68. Verint Systems Inc. has a 52-week low of $39.96 and a 52-week high of $63.94. The company has a market capitalization of $3.72 billion, a PE ratio of 24.14, a PEG ratio of 1.75 and a beta of 1.15.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. Verint Systems had a net margin of 5.56% and a return on equity of 13.60%. The firm had revenue of $324.16 million for the quarter, compared to the consensus estimate of $317.97 million. During the same quarter in the previous year, the firm earned $0.53 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts expect that Verint Systems Inc. will post 2.69 earnings per share for the current fiscal year.

In related news, CEO Dan Bodner sold 30,097 shares of Verint Systems stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $63.20, for a total value of $1,902,130.40. Following the completion of the sale, the chief executive officer now directly owns 652,131 shares in the company, valued at approximately $41,214,679.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Elan Moriah sold 1,885 shares of Verint Systems stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $56.56, for a total transaction of $106,615.60. Following the completion of the sale, the insider now owns 103,210 shares of the company’s stock, valued at $5,837,557.60. The disclosure for this sale can be found here. Insiders sold a total of 125,917 shares of company stock valued at $7,785,292 over the last quarter. 1.40% of the stock is owned by company insiders.

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About Verint Systems

Verint Systems Inc provides actionable intelligence solutions worldwide. The company's Customer Engagement Solutions segment offers automated quality management, automated verification, branch surveillance and investigation, case management, chat engagement, coaching/learning, compliance recording, customer communities, desktop and process analytics, and digital feedback solutions.

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Institutional Ownership by Quarter for Verint Systems (NASDAQ:VRNT)

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