Verint Systems Inc. (NASDAQ:VRNT) CFO Sells $62,045.58 in Stock

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

Verint Systems Stock Down 0.4 %

VRNT stock traded down $0.12 during trading on Wednesday, hitting $29.14. 266,713 shares of the company’s stock were exchanged, compared to its average volume of 548,786. The business has a 50-day moving average price of $31.20 and a two-hundred day moving average price of $26.97. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 100.90, a PEG ratio of 1.22 and a beta of 1.20. Verint Systems Inc. has a 52-week low of $18.41 and a 52-week 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.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VRNT. TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research report on Thursday, March 28th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a research report on Thursday, March 28th. Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. Finally, StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 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 MarketBeat, Verint Systems has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Institutional Investors Weigh In On Verint Systems

Several institutional investors have recently added to or reduced their stakes in the business. Gotham Asset Management LLC lifted its stake in Verint Systems by 2.5% during the first quarter. Gotham Asset Management LLC now owns 13,245 shares of the technology company’s stock worth $493,000 after purchasing an additional 329 shares during the last quarter. AQR Capital Management LLC lifted its stake in 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 purchasing an additional 355 shares during the last quarter. Pathstone Family Office LLC lifted its stake in Verint Systems by 4.5% during the fourth 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 last quarter. Great West Life Assurance Co. Can lifted its stake in Verint Systems by 14.5% during the first 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 last quarter. Finally, Alliancebernstein L.P. lifted its stake in Verint Systems by 0.7% during the second 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 last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

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.