Canada Pension Plan Investment Board Has $6.50 Million Stake in Verint Systems Inc. (VRNT)

Canada Pension Plan Investment Board increased its position in Verint Systems Inc. (NASDAQ:VRNT) by 163.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 155,400 shares of the technology company’s stock after purchasing an additional 96,500 shares during the period. Canada Pension Plan Investment Board owned 0.24% of Verint Systems worth $6,503,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of VRNT. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Verint Systems by 11.0% in 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 in the last quarter. Tower Research Capital LLC TRC acquired a new position in Verint Systems in the second quarter worth about $179,000. Crow Point Partners LLC acquired a new position in Verint Systems in the second quarter worth about $187,000. Strs Ohio grew its stake in Verint Systems by 9.5% in the second quarter. Strs Ohio now owns 4,600 shares of the technology company’s stock worth $187,000 after purchasing an additional 400 shares in the last quarter. Finally, Atria Investments LLC grew its stake in Verint Systems by 1.3% in the second quarter. Atria Investments LLC now owns 4,908 shares of the technology company’s stock worth $200,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 94.31% of the company’s stock.

Verint Systems Inc. (NASDAQ VRNT) opened at $41.35 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.72. Verint Systems Inc. has a 52 week low of $33.40 and a 52 week high of $44.70. The company has a market capitalization of $2,670.49, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25.

Verint Systems (NASDAQ:VRNT) last issued its 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. Verint Systems had a positive return on equity of 9.90% and a negative net margin of 2.42%. The company had revenue of $278.20 million during the quarter, compared to the consensus estimate of $270.14 million. During the same period in the previous year, the firm posted $0.57 earnings per share. Verint Systems’s quarterly revenue was up 5.3% compared to the same quarter last year. equities research analysts predict that Verint Systems Inc. will post 1.81 EPS for the current year.

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VRNT has been the subject of a number of research reports. Zacks Investment Research downgraded Verint Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $48.00 price target on shares of Verint Systems in a research note on Tuesday, August 15th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $49.00 target price on shares of Verint Systems in a research note on Thursday, September 7th. Finally, Deutsche Bank AG lifted their target price on Verint Systems from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.43.

Verint Systems Company 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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