Today, California Public Employees Retirement System Reached $4,482,000 position of Verint Systems Inc. (VRNT)

Today, California Public Employees Retirement System Reached $4,482,000 position  of Verint Systems Inc. (VRNT)

California Public Employees Retirement System decreased its stake in Verint Systems Inc. (NASDAQ:VRNT) by 6.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,100 shares of the company’s stock after selling 7,700 shares during the period. California Public Employees Retirement System owned about 0.19% of Verint Systems worth $4,482,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Verint Systems by 2.2% in the second quarter. Vanguard Group Inc. now owns 4,474,736 shares of the company’s stock worth $148,249,000 after buying an additional 97,289 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Verint Systems by 9.5% in the second quarter. Alliancebernstein L.P. now owns 2,652,762 shares of the company’s stock valued at $87,886,000 after buying an additional 229,659 shares during the period. Fisher Asset Management LLC boosted its stake in Verint Systems by 4.2% in the third quarter. Fisher Asset Management LLC now owns 2,137,075 shares of the company’s stock valued at $80,418,000 after buying an additional 86,189 shares during the period. Riverbridge Partners LLC boosted its stake in Verint Systems by 1.4% in the third quarter. Riverbridge Partners LLC now owns 1,750,771 shares of the company’s stock valued at $65,881,000 after buying an additional 23,758 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Verint Systems by 3.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,617,715 shares of the company’s stock valued at $53,594,000 after buying an additional 59,750 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Verint Systems Inc. (NASDAQ:VRNT) traded up 0.65% on Friday, hitting $38.75. The stock had a trading volume of 127,434 shares. The firm’s 50-day moving average price is $36.69 and its 200-day moving average price is $35.33. The firm’s market cap is $2446.64 billion. Verint Systems Inc. has a 1-year low of $29.76 and a 1-year high of $47.46.

Verint Systems (NASDAQ:VRNT) last posted its earnings results on Wednesday, September 7th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $264.20 million for the quarter. Verint Systems had a positive return on equity of 10.61% and a negative net margin of 0.38%. The business’s revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. On average, equities research analysts predict that Verint Systems Inc. will post $2.85 earnings per share for the current year.

Several equities analysts have recently weighed in on VRNT shares. Imperial Capital lifted their price objective on Verint Systems from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, September 9th. Zacks Investment Research lowered Verint Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $49.00 price target on shares of Verint Systems in a research report on Thursday, September 8th. Deutsche Bank AG boosted their price target on Verint Systems from $35.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, September 8th. Finally, JPMorgan Chase & Co. boosted their price target on Verint Systems from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $42.43.

In other Verint Systems news, Director Larry F. Myers sold 4,243 shares of Verint Systems stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $37.51, for a total transaction of $159,154.93. Following the transaction, the director now directly owns 8,778 shares in the company, valued at $329,262.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Verint Systems Company Profile

Verint Systems Inc offers Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address Customer Engagement Optimization, Security Intelligence, and Fraud, Risk and Compliance. It offers services, such as strategic consulting, implementation services, training, maintenance and round the clock support, as well as a range of deployment models.

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