Verint Systems Inc. (NASDAQ:VRNT) Insider Sells $261,364.02 in Stock

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 8,329 shares of Verint Systems stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $31.38, for a total transaction of $261,364.02. Following the completion of the transaction, the insider now directly owns 43,540 shares in the company, valued at approximately $1,366,285.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Verint Systems Stock Performance

Shares of NASDAQ:VRNT traded up $0.08 during midday trading on Thursday, reaching $31.10. The company’s stock had a trading volume of 562,311 shares, compared to its average volume of 543,806. The firm has a market capitalization of $1.94 billion, a PE ratio of 108.93, a P/E/G ratio of 1.30 and a beta of 1.20. Verint Systems Inc. has a twelve month low of $18.41 and a twelve month high of $40.28. The stock has a fifty day moving average of $31.05 and a 200 day moving average of $26.53. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.49.

Institutional Trading of Verint Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Verint Systems by 56.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock worth $17,772,000 after acquiring an additional 235,900 shares during the period. Mcmorgan & Co. LLC boosted its holdings in Verint Systems by 12.8% during the second quarter. Mcmorgan & Co. LLC now owns 44,354 shares of the technology company’s stock worth $1,555,000 after buying an additional 5,037 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Verint Systems by 6.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock worth $58,106,000 after buying an additional 154,285 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Verint Systems by 276.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 128,667 shares of the technology company’s stock worth $2,969,000 after buying an additional 94,483 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new stake in Verint Systems during the third quarter worth $962,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VRNT. Oppenheimer reaffirmed a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Verint Systems in a research report on Thursday, March 28th. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research note on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Verint Systems currently has an average rating of “Moderate Buy” and an average price target of $35.20.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.