Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) Insider Sells 6,244 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 6,244 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $30.09, for a total transaction of $187,881.96. Following the sale, the insider now owns 50,511 shares of the company’s stock, valued at $1,519,875.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Peter Fante also recently made the following trade(s):

• On Wednesday, April 3rd, Peter Fante sold 8,329 shares of Verint Systems stock. The stock was sold at an average price of $31.38, for a total transaction of $261,364.02.

Verint Systems Stock Performance

Shares of NASDAQ:VRNT opened at $29.13 on Thursday. The company’s 50 day simple moving average is $31.16 and its 200 day simple moving average is $26.99. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 100.45, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.34. Verint Systems Inc. has a 1 year low of $18.41 and a 1 year high of $40.28.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VRNT shares. Oppenheimer restated a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.20.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake 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 acquiring an additional 917 shares during the last quarter. CWM LLC increased its stake in Verint Systems by 241.8% in the third quarter. CWM LLC now owns 1,309 shares of the technology company’s stock valued at $30,000 after acquiring an additional 926 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Verint Systems in the first quarter valued at approximately $35,000. NBC Securities Inc. bought a new position in Verint Systems in the first quarter valued at approximately $42,000. Finally, KBC Group NV bought a new stake in shares of Verint Systems during the fourth quarter worth $43,000. 94.95% of the stock is owned by institutional investors.

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.