Grant A. Highlander Sells 2,062 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 2,062 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $30.09, for a total value of $62,045.58. Following the completion of the transaction, the chief financial officer now owns 82,442 shares of the company’s stock, valued at $2,480,679.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Verint Systems Stock Down 0.4 %

VRNT opened at $29.13 on Thursday. The stock has a fifty day moving average of $31.16 and a 200-day moving average of $26.99. The company has a market capitalization of $1.82 billion, a P/E ratio of 100.45, a P/E/G ratio of 1.22 and a beta of 1.20. Verint Systems Inc. has a fifty-two week low of $18.41 and a fifty-two 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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dark Forest Capital Management LP acquired a new position in shares of Verint Systems during the 1st quarter worth approximately $35,000. PNC Financial Services Group Inc. raised its holdings in Verint Systems by 764.2% in the 4th 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 in the last quarter. NBC Securities Inc. bought a new stake in shares of Verint Systems during the 1st quarter valued at $42,000. CWM LLC grew its holdings in shares of Verint Systems by 241.8% during the 3rd quarter. CWM LLC now owns 1,309 shares of the technology company’s stock worth $30,000 after purchasing an additional 926 shares in the last quarter. Finally, KBC Group NV bought a new position in shares of Verint Systems in the fourth quarter worth $43,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VRNT shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a research report on Thursday, March 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research report on Thursday, March 28th. TheStreet raised 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 research note on Thursday, March 28th. Finally, StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $35.20.

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.