Insider Selling: Verint Systems Inc. (NASDAQ:VRNT) Insider Sells 16,233 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 16,233 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $27.52, for a total transaction of $446,732.16. Following the completion of the transaction, the insider now directly owns 73,314 shares in the company, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Verint Systems Price Performance

Shares of Verint Systems stock traded up $0.57 on Monday, hitting $27.44. 995,175 shares of the company traded hands, compared to its average volume of 717,173. Verint Systems Inc. has a 12-month low of $21.27 and a 12-month high of $38.17. The firm’s 50-day simple moving average is $24.90 and its 200 day simple moving average is $28.76. The company has a market cap of $1.71 billion, a P/E ratio of 29.19, a P/E/G ratio of 1.25 and a beta of 1.28. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a research note on Thursday, December 5th. Jefferies Financial Group increased their target price on Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Evercore ISI decreased their price objective on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research note on Thursday, September 5th. Wedbush restated an “outperform” rating and issued a $38.00 target price on shares of Verint Systems in a research note on Thursday, September 26th. Finally, TD Cowen decreased their price target on Verint Systems from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Verint Systems presently has a consensus rating of “Moderate Buy” and an average price target of $35.67.

Institutional Investors Weigh In On Verint Systems

Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in 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 buying an additional 23,400 shares in the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Verint Systems by 22.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 1,231,703 shares of the technology company’s stock worth $31,199,000 after purchasing an additional 227,000 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Verint Systems by 4,185,900.0% during the 2nd 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 last quarter. L & S Advisors Inc bought a new stake in Verint Systems during the 2nd quarter valued at $1,603,000. Finally, Quantbot Technologies LP purchased a new stake in Verint Systems during the 3rd quarter valued at $58,000. Institutional investors own 94.95% of the company’s stock.

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.