Boston Partners Buys 188,502 Shares of Verint Systems Inc. $VRNT

Boston Partners increased its position in Verint Systems Inc. (NASDAQ:VRNT) by 25.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 918,594 shares of the technology company’s stock after purchasing an additional 188,502 shares during the quarter. Boston Partners owned approximately 1.53% of Verint Systems worth $18,298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in shares of Verint Systems by 24.5% during the first quarter. Russell Investments Group Ltd. now owns 241,466 shares of the technology company’s stock valued at $4,310,000 after buying an additional 47,487 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Verint Systems during the 1st quarter valued at about $572,000. Global Alpha Capital Management Ltd. raised its holdings in shares of Verint Systems by 1.9% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 1,750,603 shares of the technology company’s stock valued at $31,248,000 after purchasing an additional 32,900 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Verint Systems in the 1st quarter worth approximately $352,000. Finally, CWM LLC lifted its position in shares of Verint Systems by 552.0% in the 2nd quarter. CWM LLC now owns 20,552 shares of the technology company’s stock worth $404,000 after purchasing an additional 17,400 shares during the period. 94.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Rosenblatt Securities downgraded shares of Verint Systems from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $20.50 in a research note on Monday, August 25th. TD Cowen cut Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. Needham & Company LLC lowered Verint Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Royal Bank Of Canada reissued a “sector perform” rating and set a $20.50 price target (down from $29.00) on shares of Verint Systems in a research report on Tuesday, August 26th. Finally, Wedbush downgraded shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. 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 has an average rating of “Hold” and an average price target of $26.33.

Verint Systems Price Performance

VRNT opened at $20.30 on Friday. The company has a market cap of $1.23 billion, a P/E ratio of 28.59, a price-to-earnings-growth ratio of 0.89 and a beta of 1.52. The firm’s 50-day moving average price is $20.28 and its 200-day moving average price is $19.65. Verint Systems Inc. has a 52-week low of $14.15 and a 52-week high of $34.80.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings results on Tuesday, September 2nd. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $165.52 million during the quarter, compared to analysts’ expectations of $200.43 million. Verint Systems had a net margin of 6.87% and a return on equity of 11.06%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. On average, research analysts anticipate that Verint Systems Inc. will post 1.92 EPS for the current fiscal year.

Verint Systems 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.