Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) CFO Grant A. Highlander sold 2,062 shares of the business's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $30.09, for a total transaction of $62,045.58. Following the completion of the sale, the chief financial officer now directly owns 82,442 shares of the company's stock, valued at approximately $2,480,679.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Verint Systems Price Performance
NASDAQ:VRNT traded down $0.13 on Wednesday, hitting $29.13. The company had a trading volume of 465,737 shares, compared to its average volume of 551,853. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 100.90, a PEG ratio of 1.22 and a beta of 1.20. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $31.20 and a two-hundred day moving average of $26.97. Verint Systems Inc. has a 52 week low of $18.41 and a 52 week high of $40.28.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. StockNews.com raised shares of Verint Systems from a "hold" rating to a "buy" rating in a report on Thursday, March 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price target on shares of Verint Systems in a report on Thursday, March 28th. TheStreet raised shares of Verint Systems from a "d+" rating to a "c-" rating in a report on Wednesday, February 14th. Oppenheimer reaffirmed a "market perform" rating on shares of Verint Systems in a report on Thursday, March 28th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Verint Systems in a report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Verint Systems currently has an average rating of "Moderate Buy" and an average price target of $35.20.
Check Out Our Latest Report on Verint Systems
Hedge Funds Weigh In On Verint Systems
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP bought a new position in shares of Verint Systems during the first quarter valued at $35,000. PNC Financial Services Group Inc. raised its stake in shares of Verint Systems by 764.2% during 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. NBC Securities Inc. bought a new position in shares of Verint Systems during the first quarter valued at $42,000. CWM LLC raised its stake in shares of Verint Systems by 241.8% during 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. Finally, KBC Group NV bought a new position in shares of Verint Systems during the fourth quarter valued at $43,000. Institutional investors own 94.95% of the company's stock.
About Verint Systems
(
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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.
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