Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) Insider Sells 6,244 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 6,244 shares of Verint Systems stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $30.09, for a total transaction of $187,881.96. Following the completion of the transaction, the insider now owns 50,511 shares of the company’s stock, valued at $1,519,875.99. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Peter Fante also recently made the following trade(s):

• On Wednesday, April 3rd, Peter Fante sold 8,329 shares of Verint Systems stock. The shares were sold at an average price of $31.38, for a total transaction of $261,364.02.

Verint Systems Trading Down 0.4 %

Verint Systems stock traded down $0.12 during mid-day trading on Wednesday, hitting $29.14. The company’s stock had a trading volume of 266,713 shares, compared to its average volume of 548,786. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.34. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 100.90, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20. The business has a 50 day moving average price of $31.20 and a 200-day moving average price of $26.97. Verint Systems Inc. has a 12 month low of $18.41 and a 12 month high of $40.28.

Institutional Trading of Verint Systems

Hedge funds have recently added to or reduced their stakes in the business. Dark Forest Capital Management LP bought a new position in shares of Verint Systems during the first quarter valued at about $35,000. PNC Financial Services Group Inc. raised its stake in Verint Systems by 764.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock worth $28,000 after buying an additional 917 shares in the last quarter. NBC Securities Inc. bought a new position in Verint Systems in the first quarter worth about $42,000. CWM LLC raised its stake in Verint Systems by 241.8% in the third quarter. CWM LLC now owns 1,309 shares of the technology company’s stock worth $30,000 after buying an additional 926 shares in the last quarter. Finally, KBC Group NV bought a new position in Verint Systems in the fourth quarter worth about $43,000. 94.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VRNT has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. Finally, TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.20.

About Verint Systems

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.