Elan Moriah Sells 9,880 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) President Elan Moriah sold 9,880 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $30.09, for a total value of $297,289.20. Following the completion of the sale, the president now directly owns 91,877 shares of the company’s stock, valued at $2,764,578.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Elan Moriah also recently made the following trade(s):

• On Monday, April 1st, Elan Moriah sold 14,353 shares of Verint Systems stock. The stock was sold at an average price of $32.62, for a total value of $468,194.86.

Verint Systems Stock Down 0.1 %

VRNT opened at $29.09 on Friday. The company has a market capitalization of $1.81 billion, a PE ratio of 100.31, a PEG ratio of 1.22 and a beta of 1.20. Verint Systems Inc. has a 1-year low of $18.41 and a 1-year high of $40.28. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.49. The firm’s 50 day simple moving average is $31.13 and its two-hundred day simple moving average is $27.00.

Analysts Set New Price Targets

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

Institutional Trading of Verint Systems

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Verint Systems by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 7,182,580 shares of the technology company’s stock worth $194,145,000 after purchasing an additional 73,592 shares in the last quarter. BlackRock Inc. boosted its holdings in Verint Systems by 5.4% in the first quarter. BlackRock Inc. now owns 5,286,849 shares of the technology company’s stock valued at $196,882,000 after purchasing an additional 270,971 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Verint Systems by 15.8% during the 4th quarter. Victory Capital Management Inc. now owns 4,425,278 shares of the technology company’s stock valued at $160,549,000 after buying an additional 604,112 shares during the last quarter. RGM Capital LLC boosted its stake in shares of Verint Systems by 1.4% in the third quarter. RGM Capital LLC now owns 3,011,394 shares of the technology company’s stock worth $69,232,000 after buying an additional 42,732 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position 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 valued at $58,106,000 after acquiring an additional 154,285 shares in the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

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.