Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) Director Richard N. Nottenburg sold 5,274 shares of the company's stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $31.17, for a total transaction of $164,390.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Verint Systems Stock Performance
Shares of VRNT opened at $29.34 on Tuesday. 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 stock has a market capitalization of $1.83 billion, a P/E ratio of 101.18, a price-to-earnings-growth ratio of 1.26 and a beta of 1.20. The firm's fifty day simple moving average is $31.22 and its two-hundred day simple moving average is $26.93. Verint Systems Inc. has a 12 month low of $18.41 and a 12 month high of $40.28.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on VRNT shares. 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. Oppenheimer reiterated a "market perform" rating on shares of Verint Systems in a report on Thursday, March 28th. Needham & Company LLC reiterated a "buy" rating and set a $40.00 price target on shares of Verint Systems in a report on Thursday, March 28th. TheStreet raised shares of Verint Systems from a "d+" rating to a "c-" rating in a research note on Wednesday, February 14th. Finally, StockNews.com raised shares of Verint Systems from a "hold" rating to a "buy" rating in a research note on Thursday, March 14th. 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.com, Verint Systems currently has an average rating of "Moderate Buy" and an average price target of $35.20.
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Institutional Trading of Verint Systems
A number of institutional investors have recently bought and sold shares of VRNT. Wellington Management Group LLP bought a new stake in Verint Systems during the fourth quarter valued at $34,172,000. Norges Bank bought a new stake in Verint Systems during the fourth quarter valued at $18,601,000. Victory Capital Management Inc. boosted its position in Verint Systems by 15.8% during the fourth quarter. Victory Capital Management Inc. now owns 4,425,278 shares of the technology company's stock valued at $160,549,000 after acquiring an additional 604,112 shares during the last quarter. BlackRock Inc. boosted its position in shares of Verint Systems by 5.4% during the 1st quarter. BlackRock Inc. now owns 5,286,849 shares of the technology company's stock worth $196,882,000 after purchasing an additional 270,971 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Verint Systems by 34.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 936,664 shares of the technology company's stock worth $39,668,000 after purchasing an additional 242,014 shares in the last quarter. Institutional investors own 94.95% of the company's stock.
Verint Systems Company Profile
(
Get Free Report)
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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