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 firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total transaction of $446,732.16. Following the sale, the insider now owns 73,314 shares in the company, valued at approximately $2,017,601.28. This trade represents a 18.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Verint Systems Stock Up 2.1 %

Shares of Verint Systems stock opened at $27.44 on Tuesday. The company’s 50 day moving average price is $24.98 and its 200-day moving average price is $28.70. Verint Systems Inc. has a 52-week low of $21.27 and a 52-week high of $38.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 1.25 and a beta of 1.28.

Hedge Funds Weigh In On Verint Systems

Hedge funds have recently modified their holdings of the company. State Street Corp grew its stake in shares of Verint Systems by 1.5% in the third quarter. State Street Corp now owns 1,573,801 shares of the technology company’s stock worth $39,864,000 after purchasing an additional 23,400 shares during the last quarter. Global Alpha Capital Management Ltd. grew its position in shares of Verint Systems by 22.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock worth $31,199,000 after buying an additional 227,000 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Verint Systems by 4,185,900.0% during the second quarter. Acadian Asset Management LLC now owns 41,860 shares of the technology company’s stock valued at $1,345,000 after buying an additional 41,859 shares during the period. L & S Advisors Inc bought a new position in shares of Verint Systems during the second quarter valued at approximately $1,603,000. Finally, Quantbot Technologies LP bought a new position in shares of Verint Systems during the third quarter valued at approximately $58,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Wall Street Analyst Weigh In

VRNT has been the topic of a number of research reports. Evercore ISI lowered their price target on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday, September 5th. Wedbush restated an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research report on Thursday, December 5th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research note on Thursday, December 5th. Finally, Jefferies Financial Group upped their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Verint Systems has an average 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.