Verint Systems Inc. (NASDAQ:VRNT) President Elan Moriah Sells 9,880 Shares

Verint Systems Inc. (NASDAQ:VRNT) President Elan Moriah sold 9,880 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $30.09, for a total value of $297,289.20. Following the sale, the president now directly owns 91,877 shares of the company’s stock, valued at $2,764,578.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Elan Moriah also recently made the following trade(s):

• On Monday, April 1st, Elan Moriah sold 14,353 shares of Verint Systems stock. The shares were sold at an average price of $32.62, for a total value of $468,194.86.

Verint Systems Stock Performance

VRNT opened at $29.13 on Thursday. The company has a market cap of $1.82 billion, a PE ratio of 100.45, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20. The stock has a 50-day moving average of $31.16 and a 200-day moving average of $26.99. Verint Systems Inc. has a 52-week low of $18.41 and a 52-week high of $40.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37.

Institutional Trading of Verint Systems

Several large investors have recently made changes to their positions in the stock. Wellington Management Group LLP bought a new stake in Verint Systems during the 4th quarter valued at approximately $34,172,000. Norges Bank bought a new stake in shares of Verint Systems in the 4th quarter worth approximately $18,601,000. Victory Capital Management Inc. lifted its position in shares of Verint Systems by 15.8% in the 4th quarter. Victory Capital Management Inc. now owns 4,425,278 shares of the technology company’s stock worth $160,549,000 after acquiring an additional 604,112 shares during the period. BlackRock Inc. lifted its position in shares of Verint Systems by 5.4% in the 1st quarter. BlackRock Inc. now owns 5,286,849 shares of the technology company’s stock worth $196,882,000 after acquiring an additional 270,971 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Verint Systems by 34.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 936,664 shares of the technology company’s stock worth $39,668,000 after acquiring an additional 242,014 shares during the period. Institutional investors own 94.95% of the company’s stock.

Analysts Set New Price Targets

VRNT has been the subject of several analyst reports. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target 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 target on shares of Verint Systems in a research report on Thursday, March 28th. Finally, TheStreet raised Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

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.