Dan Bodner Sells 35,039 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner sold 35,039 shares of Verint Systems stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $30.00, for a total transaction of $1,051,170.00. Following the transaction, the chief executive officer now directly owns 991,748 shares of the company’s stock, valued at $29,752,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dan Bodner also recently made the following trade(s):

• On Monday, April 15th, Dan Bodner sold 44,335 shares of Verint Systems stock. The shares were sold at an average price of $30.09, for a total value of $1,334,040.15.
• On Wednesday, March 20th, Dan Bodner sold 33,472 shares of Verint Systems stock. The shares were sold at an average price of $31.29, for a total value of $1,047,338.88.
• On Friday, January 26th, Dan Bodner sold 68,372 shares of Verint Systems stock. The shares were sold at an average price of $30.00, for a total value of $2,051,160.00.

Verint Systems Price Performance

Shares of VRNT stock opened at $31.04 on Thursday. Verint Systems Inc. has a fifty-two week low of $18.41 and a fifty-two week high of $40.28. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 107.03, a PEG ratio of 1.23 and a beta of 1.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37. The stock’s 50-day simple moving average is $31.00 and its 200-day simple moving average is $27.26.

Verint Systems (NASDAQ:VRNT) last issued its quarterly earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. Verint Systems had a return on equity of 16.60% and a net margin of 4.24%. The business had revenue of $265.22 million for the quarter, compared to analyst estimates of $261.45 million. As a group, equities analysts forecast that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VRNT has been the subject of a number of recent research reports. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. 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 issued a $40.00 target price on shares of Verint Systems in a report on Thursday, March 28th. Finally, 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, March 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

Institutional Investors Weigh In On Verint Systems

A number of large investors have recently modified their holdings of the business. Keybank National Association OH grew its stake in shares of Verint Systems by 4.0% during the third quarter. Keybank National Association OH now owns 16,642 shares of the technology company’s stock worth $383,000 after acquiring an additional 639 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Verint Systems by 2.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 29,319 shares of the technology company’s stock valued at $792,000 after buying an additional 792 shares during the last quarter. CWM LLC boosted its position in Verint Systems by 61.2% in the fourth quarter. CWM LLC now owns 2,110 shares of the technology company’s stock valued at $57,000 after buying an additional 801 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Verint Systems by 764.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after buying an additional 917 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in Verint Systems in the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 94.95% of the company’s stock.

About Verint Systems

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.