Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) insider Peter Fante sold 8,329 shares of the company's stock in a transaction dated 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 sale, the insider now owns 43,540 shares in the company, valued at approximately $1,366,285.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Verint Systems Stock Up 0.3 %
VRNT opened at $31.10 on Friday. Verint Systems Inc. has a twelve month low of $18.41 and a twelve month high of $40.28. The company's 50-day moving average price is $31.07 and its two-hundred day moving average price is $26.56. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 107.25, a PEG ratio of 1.29 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.
Institutional Investors Weigh In On Verint Systems
Hedge funds have recently modified their holdings of the stock. Gotham Asset Management LLC raised its stake in Verint Systems by 2.5% in the 1st quarter. Gotham Asset Management LLC now owns 13,245 shares of the technology company's stock valued at $493,000 after acquiring an additional 329 shares during the period. AQR Capital Management LLC lifted its position in shares of Verint Systems by 3.2% during the fourth quarter. AQR Capital Management LLC now owns 11,324 shares of the technology company's stock worth $411,000 after acquiring an additional 355 shares in the last quarter. Pathstone Family Office LLC grew its position in shares of Verint Systems by 4.5% in the fourth quarter. Pathstone Family Office LLC now owns 9,277 shares of the technology company's stock valued at $337,000 after purchasing an additional 397 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of 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 valued at $190,000 after purchasing an additional 438 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings 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 in the last quarter. Institutional investors own 94.95% of the company's stock.
Analyst Upgrades and Downgrades
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Several brokerages recently issued reports on VRNT. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price target on shares of Verint Systems in a report on Thursday, March 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 price objective 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 research note on Wednesday, February 14th. StockNews.com upgraded Verint Systems from a "hold" rating to a "buy" rating in a research note on Thursday, March 14th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Verint Systems in a research report on Thursday, March 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $35.20.
Get Our Latest Research Report on Verint Systems
Verint Systems Company Profile
(
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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.
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