Boston Partners Buys 281,132 Shares of Verint Systems Inc. $VRNT

Boston Partners grew its stake in Verint Systems Inc. (NASDAQ:VRNT - Free Report) by 38.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,011,224 shares of the technology company's stock after acquiring an additional 281,132 shares during the quarter. Boston Partners owned about 1.68% of Verint Systems worth $20,120,000 at the end of the most recent quarter.

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Several other large investors have also recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its position in Verint Systems by 30.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,606 shares of the technology company's stock valued at $51,000 after purchasing an additional 613 shares in the last quarter. State of Wyoming raised its holdings in Verint Systems by 7.4% in the first quarter. State of Wyoming now owns 9,384 shares of the technology company's stock worth $168,000 after purchasing an additional 646 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Verint Systems by 11.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 14,333 shares of the technology company's stock valued at $282,000 after buying an additional 1,500 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Verint Systems by 2,180.6% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,642 shares of the technology company's stock valued at $32,000 after buying an additional 1,570 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Verint Systems by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 77,574 shares of the technology company's stock worth $1,526,000 after buying an additional 1,573 shares during the last quarter. 94.95% of the stock is owned by institutional investors.

Verint Systems Price Performance

Shares of Verint Systems stock opened at $20.51 on Friday. The stock has a market cap of $1.24 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 0.89 and a beta of 1.52. The firm has a fifty day moving average price of $20.29 and a 200 day moving average price of $19.83. Verint Systems Inc. has a 1 year low of $14.15 and a 1 year high of $34.80.

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Verint Systems (NASDAQ:VRNT - Get Free Report) last posted its quarterly earnings results on Tuesday, September 2nd. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $165.52 million for the quarter, compared to analyst estimates of $200.43 million. Verint Systems had a net margin of 6.87% and a return on equity of 11.06%. The firm's revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. As a group, equities analysts expect that Verint Systems Inc. will post 1.92 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on VRNT. Royal Bank Of Canada reiterated a "sector perform" rating and set a $20.50 price objective (down previously from $29.00) on shares of Verint Systems in a research note on Tuesday, August 26th. Rosenblatt Securities downgraded Verint Systems from a "buy" rating to a "hold" rating and reduced their price target for the stock from $40.00 to $20.50 in a research report on Monday, August 25th. Wedbush lowered Verint Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. Needham & Company LLC downgraded Verint Systems from a "buy" rating to a "hold" rating in a research note on Monday, August 25th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Verint Systems in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Verint Systems presently has a consensus rating of "Hold" and a consensus target price of $26.33.

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Get Our Latest Stock Report on VRNT

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.

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