Robeco Institutional Asset Management B.V. Takes $417,000 Position in Verint Systems Inc. (NASDAQ:VRNT)

Robeco Institutional Asset Management B.V. acquired a new stake in Verint Systems Inc. (NASDAQ:VRNT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,759 shares of the technology company’s stock, valued at approximately $417,000.

Several other institutional investors and hedge funds have also bought and sold shares of VRNT. Norges Bank bought a new stake in shares of Verint Systems in the fourth quarter valued at approximately $34,750,000. SQN Investors LP acquired a new position in shares of Verint Systems in the first quarter valued at $45,784,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Verint Systems by 52.1% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,901,882 shares of the technology company’s stock valued at $113,847,000 after purchasing an additional 651,314 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Verint Systems in the first quarter valued at $8,982,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Verint Systems by 952.6% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 143,477 shares of the technology company’s stock valued at $8,589,000 after purchasing an additional 129,846 shares in the last quarter. 96.27% of the stock is owned by institutional investors.

Shares of NASDAQ VRNT opened at $55.47 on Friday. The company has a fifty day moving average price of $55.58. The company has a quick ratio of 1.45, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03. Verint Systems Inc. has a one year low of $39.96 and a one year high of $63.94.

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

In other Verint Systems news, insider Elan Moriah sold 1,885 shares of the stock in a transaction 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 transaction, the insider now directly owns 103,210 shares in the company, valued at $5,837,557.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Nottenburg sold 5,076 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $56.01, for a total value of $284,306.76. Following the transaction, the director now owns 6,163 shares of the company’s stock, valued at $345,189.63. The disclosure for this sale can be found here. Insiders have sold 35,959 shares of company stock valued at $2,014,527 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded Verint Systems from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Saturday, July 27th. ValuEngine lowered Verint Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Imperial Capital upped their target price on Verint Systems from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Wedbush restated an “outperform” rating and issued a $70.00 target price (up from $63.00) on shares of Verint Systems in a research note on Tuesday, May 21st. Finally, Oppenheimer upped their target price on Verint Systems from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $67.00.

Verint Systems Company Profile

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.

Read More: What is Cost of Debt?

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

Receive News & Ratings for Verint Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verint Systems and related companies with MarketBeat.com's FREE daily email newsletter.