Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) CFO Sells 2,062 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 2,062 shares of Verint Systems stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $30.09, for a total value of $62,045.58. Following the transaction, the chief financial officer now owns 82,442 shares of the company’s stock, valued at $2,480,679.78. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Verint Systems Trading Down 0.1 %

VRNT stock opened at $29.09 on Friday. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 100.31, a PEG ratio of 1.23 and a beta of 1.20. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $31.13 and a 200-day simple moving average of $27.00. Verint Systems Inc. has a 52 week low of $18.41 and a 52 week high of $40.28.

Institutional Trading of Verint Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Gotham Asset Management LLC increased its holdings in shares of Verint Systems by 2.5% during the 1st quarter. Gotham Asset Management LLC now owns 13,245 shares of the technology company’s stock worth $493,000 after buying an additional 329 shares during the last quarter. AQR Capital Management LLC boosted its position in Verint Systems by 3.2% during the 4th quarter. AQR Capital Management LLC now owns 11,324 shares of the technology company’s stock worth $411,000 after purchasing an additional 355 shares during the period. Pathstone Family Office LLC boosted its position in Verint Systems by 4.5% during the 4th quarter. Pathstone Family Office LLC now owns 9,277 shares of the technology company’s stock worth $337,000 after purchasing an additional 397 shares during the period. Great West Life Assurance Co. Can boosted its position in Verint Systems by 14.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company’s stock worth $190,000 after purchasing an additional 438 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Verint Systems by 0.7% during the 2nd quarter. Alliancebernstein L.P. now owns 78,754 shares of the technology company’s stock worth $2,761,000 after purchasing an additional 573 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. TheStreet upgraded Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a report on Thursday, March 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.