Clal Insurance Enterprises Holdings Ltd adds Verint Systems (VRNT) to its portfolio

Verint Systems (VRNT) : Clal Insurance Enterprises Holdings Ltd added new position in Verint Systems during the most recent quarter end. The investment management firm now holds 468,769 shares of Verint Systems which is valued at $17,110,069 , the company said in a statement filed on Aug 8, 2016 with the SEC.Verint Systems makes up approximately 0.42% of Clal Insurance Enterprises Holdings Ltd’s portfolio.

Other Hedge Funds, Including , Finemark National Bank Trust reduced its stake in VRNT by selling 178 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 712 shares of VRNT which is valued at $25,988. Herndon Capital Management added VRNT to its portfolio by purchasing 174 company shares during the most recent quarter which is valued at $6,137.

Verint Systems closed down -0.04 points or -0.11% at $36.24 with 2,67,380 shares getting traded on Monday. Post opening the session at $36.2, the shares hit an intraday low of $36.15 and an intraday high of $36.37 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Verint Systems reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $0.41. The company had revenue of $249.00 million for the quarter, compared to analysts expectations of $250.66 million. The company’s revenue was down -7.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 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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