Verint Systems Inc. (NASDAQ:VRNT) Insider Sells $446,732.16 in Stock

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 16,233 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $27.52, for a total value of $446,732.16. Following the transaction, the insider now directly owns 73,314 shares in the company, valued at approximately $2,017,601.28. This represents a 18.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Verint Systems Stock Performance

NASDAQ VRNT opened at $27.19 on Wednesday. The company’s fifty day moving average is $25.05 and its two-hundred day moving average is $28.63. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 1.25 and a beta of 1.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. Verint Systems Inc. has a 52-week low of $21.27 and a 52-week high of $38.17.

Hedge Funds Weigh In On Verint Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP lifted its position in shares of Verint Systems by 160.9% in the 2nd quarter. Quarry LP now owns 793 shares of the technology company’s stock worth $26,000 after acquiring an additional 489 shares during the period. Lingohr Asset Management GmbH lifted its position in Verint Systems by 3.7% in the third quarter. Lingohr Asset Management GmbH now owns 20,012 shares of the technology company’s stock worth $507,000 after purchasing an additional 712 shares during the period. Innealta Capital LLC acquired a new stake in Verint Systems during the second quarter worth $36,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Verint Systems by 11.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,586 shares of the technology company’s stock valued at $405,000 after buying an additional 1,272 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Verint Systems by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,427 shares of the technology company’s stock valued at $1,141,000 after buying an additional 1,295 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Verint Systems in a report on Thursday, December 5th. TD Cowen lowered their target price on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a report on Thursday, December 5th. Evercore ISI decreased their price target on shares of Verint Systems from $34.00 to $30.00 and set an “in-line” rating for the company in a report on Thursday, September 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $38.00 price objective on shares of Verint Systems in a research note on Thursday, September 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Verint Systems presently has a consensus rating of “Moderate Buy” and an average price target of $35.67.

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.