Blue Harbour Group buys $101,503,857 stake in Verint Systems (VRNT)

Verint Systems (VRNT) : Blue Harbour Group scooped up 1,247,100 additional shares in Verint Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,797,791 shares of Verint Systems which is valued at $101,503,857.Verint Systems makes up approximately 3.25% of Blue Harbour Group’s portfolio.

Other Hedge Funds, Including , Arrowgrass Capital Partners (us) Lp reduced its stake in VRNT by selling 20,964 shares or 15.49% in the most recent quarter. The Hedge Fund company now holds 114,375 shares of VRNT which is valued at $4,149,525. Verint Systems makes up approx 0.10% of Arrowgrass Capital Partners (us) Lp’s portfolio.Allianz Asset Management Ag reduced its stake in VRNT by selling 6,109 shares or 20.21% in the most recent quarter. The Hedge Fund company now holds 24,115 shares of VRNT which is valued at $874,892.Bernzott Capital Advisors reduced its stake in VRNT by selling 47,150 shares or 9.18% in the most recent quarter. The Hedge Fund company now holds 466,374 shares of VRNT which is valued at $17,176,554. Verint Systems makes up approx 3.22% of Bernzott Capital Advisors’s portfolio.Ngam Advisors boosted its stake in VRNT in the latest quarter, The investment management firm added 7,134 additional shares and now holds a total of 184,097 shares of Verint Systems which is valued at $6,529,921. Verint Systems makes up approx 0.09% of Ngam Advisors’s portfolio.Huntington National Bank reduced its stake in VRNT by selling 200 shares or 9.73% in the most recent quarter. The Hedge Fund company now holds 1,856 shares of VRNT which is valued at $64,867.

Verint Systems opened for trading at $34.12 and hit $35.1 on the upside on Thursday, eventually ending the session at $35.1, with a gain of 2.87% or 0.98 points. The heightened volatility saw the trading volume jump to 5,32,471 shares. Company has a market cap of $2,183 M.

On the company’s financial health, Verint Systems reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Sep 7, 2016. Analyst had a consensus of $0.54. The company had revenue of $264.20 million for the quarter, compared to analysts expectations of $265.40 million. The company’s revenue was down -11.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.76 EPS.

Verint Systems Inc. is a company engaged in Actionable Intelligence solutions. The Company’s Actionable Intelligence solutions address: Customer Engagement Optimization; Security Intelligence; and Fraud Risk and Compliance. The Company offers services such as strategic consulting implementation services training maintenance and 24 x 7 support as well as deployment models including on premises hosted managed services and software as a service (SaaS). The Company has three operating segments. The Company addresses the Customer Engagement Optimization market opportunity through solutions from its Enterprise Intelligence Solution segment. It addresses the Security Intelligence market opportunity through solutions from its Communications and Cyber Intelligence Solutions and Video and Situation Intelligence Solutions and it addresses the Fraud Risk and Compliance market opportunity through solutions from all the three operating segments.

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