Brandes Investment Partners LP Raises Holdings in Verint Systems Inc. (NASDAQ:VRNT)

Brandes Investment Partners LP raised its position in shares of Verint Systems Inc. (NASDAQ:VRNT) by 33.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,440 shares of the technology company’s stock after acquiring an additional 6,150 shares during the period. Brandes Investment Partners LP’s holdings in Verint Systems were worth $787,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Verint Systems by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 7,367,685 shares of the technology company’s stock valued at $244,239,000 after acquiring an additional 185,105 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Verint Systems by 5.9% during the second quarter. Victory Capital Management Inc. now owns 4,143,227 shares of the technology company’s stock worth $133,412,000 after purchasing an additional 232,499 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Verint Systems by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,918,925 shares of the technology company’s stock worth $61,792,000 after buying an additional 73,441 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Verint Systems in the fourth quarter valued at about $34,172,000. Finally, Global Alpha Capital Management Ltd. raised its holdings in shares of Verint Systems by 23.3% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 968,303 shares of the technology company’s stock valued at $32,099,000 after buying an additional 182,800 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Verint Systems Stock Performance

Shares of VRNT stock opened at $25.33 on Tuesday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 52.77, a PEG ratio of 1.08 and a beta of 1.24. Verint Systems Inc. has a one year low of $18.41 and a one year high of $38.17. The company’s 50-day simple moving average is $30.34 and its 200-day simple moving average is $31.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.36 and a current ratio of 1.41.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The firm had revenue of $210.17 million during the quarter, compared to analyst estimates of $212.81 million. Verint Systems had a return on equity of 16.17% and a net margin of 6.78%. Verint Systems’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. Equities analysts anticipate that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Elan Moriah sold 7,160 shares of Verint Systems stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $185,086.00. Following the completion of the transaction, the president now directly owns 139,251 shares of the company’s stock, valued at approximately $3,599,638.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, President Elan Moriah sold 7,160 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $25.85, for a total transaction of $185,086.00. Following the sale, the president now directly owns 139,251 shares in the company, valued at approximately $3,599,638.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dan Bodner sold 16,932 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $25.85, for a total value of $437,692.20. Following the transaction, the chief executive officer now owns 592,832 shares of the company’s stock, valued at approximately $15,324,707.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,811 shares of company stock valued at $874,014. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

VRNT has been the subject of a number of analyst reports. Wedbush restated an “outperform” rating and issued a $38.00 price target on shares of Verint Systems in a report on Thursday, September 26th. TD Cowen lowered their price target on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Evercore ISI cut their price objective on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday, September 5th. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Verint Systems in a research note on Wednesday, September 25th. Finally, StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.67.

Verint Systems Company 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.