Dorsal Capital Management adds Verint Systems (VRNT) to its portfolio

Verint Systems (VRNT) : Dorsal Capital Management added new position in Verint Systems during the most recent quarter end. The investment management firm now holds 825,000 shares of Verint Systems which is valued at $31,020,000 , the company said in a statement filed on Nov 14, 2016 with the SEC.Verint Systems makes up approximately 2.05% of Dorsal Capital Management’s portfolio.

Other Hedge Funds, Including , Cramer Rosenthal Mcglynn boosted its stake in VRNT in the latest quarter, The investment management firm added 218,443 additional shares and now holds a total of 1,082,494 shares of Verint Systems which is valued at $40,701,774. Verint Systems makes up approx 0.62% of Cramer Rosenthal Mcglynn’s portfolio.Geode Capital Management reduced its stake in VRNT by selling 40,373 shares or 8.34% in the most recent quarter. The Hedge Fund company now holds 443,966 shares of VRNT which is valued at $16,737,518. Verint Systems makes up approx 0.01% of Geode Capital Management’s portfolio.California State Teachers Retirement System boosted its stake in VRNT in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 131,666 shares of Verint Systems which is valued at $4,924,308. Verint Systems makes up approx 0.01% of California State Teachers Retirement System’s portfolio.American Capital Management Inc boosted its stake in VRNT in the latest quarter, The investment management firm added 78,290 additional shares and now holds a total of 742,365 shares of Verint Systems which is valued at $26,836,495. Verint Systems makes up approx 2.25% of American Capital Management Inc’s portfolio.

Verint Systems (VRNT) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $37.15 and reached the intraday high at $37.4. The bulls started the profit booking and pushed the shares to intraday low of $36.95. The trading session was marked by a volume range of 4,64,065 shares exchanging hands. The 52-week high of the shares is $49.38 and the 52-week low is $29.76. The market cap of the company stands at $2,349 M and there are 6,31,38,821 shares in public circulation.

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.

Many Wall Street Analysts have commented on Verint Systems. Company shares were Reiterated by Imperial Capital on Sep 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .

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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