Kennedy Capital Management Inc. Raises Holdings in Verint Systems Inc. (VRNT)

Kennedy Capital Management Inc. grew its stake in shares of Verint Systems Inc. (NASDAQ:VRNT) by 29.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 192,861 shares of the technology company’s stock after acquiring an additional 43,702 shares during the period. Kennedy Capital Management Inc. owned 0.31% of Verint Systems worth $7,849,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Oppenheimer & Co. Inc. increased its holdings in shares of Verint Systems by 13.9% during the second quarter. Oppenheimer & Co. Inc. now owns 63,801 shares of the technology company’s stock worth $2,596,000 after purchasing an additional 7,791 shares during the period. Cipher Capital LP increased its holdings in shares of Verint Systems by 4.4% during the second quarter. Cipher Capital LP now owns 78,447 shares of the technology company’s stock worth $3,193,000 after purchasing an additional 3,322 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Verint Systems by 5.8% during the second quarter. Principal Financial Group Inc. now owns 7,923 shares of the technology company’s stock worth $322,000 after purchasing an additional 431 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Verint Systems by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,655 shares of the technology company’s stock worth $108,000 after purchasing an additional 263 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Verint Systems by 716.2% during the second quarter. Prudential Financial Inc. now owns 50,064 shares of the technology company’s stock worth $2,038,000 after purchasing an additional 43,930 shares during the period. Hedge funds and other institutional investors own 94.65% of the company’s stock.

Several research analysts have recently commented on VRNT shares. Zacks Investment Research cut shares of Verint Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $50.00 target price (up from $48.00) on shares of Verint Systems in a report on Friday, June 9th. Deutsche Bank AG raised their target price on shares of Verint Systems from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Thursday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $49.00 target price on shares of Verint Systems in a report on Thursday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $48.00 target price (up from $44.00) on shares of Verint Systems in a report on Thursday, June 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $46.71.

In related news, CFO Douglas Robinson sold 2,635 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $40.86, for a total transaction of $107,666.10. Following the sale, the chief financial officer now directly owns 159,818 shares in the company, valued at approximately $6,530,163.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Nottenburg sold 3,846 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $40.95, for a total transaction of $157,493.70. Following the sale, the director now owns 18,178 shares in the company, valued at $744,389.10. The disclosure for this sale can be found here. Insiders have sold a total of 9,584 shares of company stock worth $393,624 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

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Verint Systems Inc. (NASDAQ VRNT) opened at 39.90 on Monday. The company has a 50-day moving average of $38.84 and a 200-day moving average of $39.87. Verint Systems Inc. has a 52 week low of $33.40 and a 52 week high of $44.70. The company’s market capitalization is $2.50 billion.

Verint Systems (NASDAQ:VRNT) last announced its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.14. The company had revenue of $278.20 million for the quarter, compared to analysts’ expectations of $270.14 million. Verint Systems had a negative net margin of 2.42% and a positive return on equity of 9.90%. Verint Systems’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. On average, equities research analysts anticipate that Verint Systems Inc. will post $2.74 EPS for the current year.

Verint Systems Profile

Verint Systems Inc offers Actionable Intelligence solutions. The Company delivers its Actionable Intelligence solutions through two operating segments: Customer Engagement Solutions and Cyber Intelligence Solutions. It is a provider of customer engagement software and services that can be deployed on-premises or in the cloud.

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

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