Verint Systems Inc. (NASDAQ:VRNT) Insider Peter Fante Sells 6,244 Shares

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

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

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

Verint Systems Stock Performance

VRNT stock traded down $0.12 on Wednesday, hitting $29.14. The company’s stock had a trading volume of 266,713 shares, compared to its average volume of 548,786. 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 1 year low of $18.41 and a 1 year high of $40.28. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 100.90, a price-to-earnings-growth 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.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a research note on Thursday, March 28th. TheStreet upgraded shares of Verint Systems from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a research note on Thursday, March 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a research note on Thursday, March 28th. One 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.

Hedge Funds Weigh In On Verint Systems

Several institutional investors have recently bought and sold shares of VRNT. Fort Washington Investment Advisors Inc. OH lifted its holdings in Verint Systems by 56.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 657,489 shares of the technology company’s stock valued at $17,772,000 after purchasing an additional 235,900 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Verint Systems by 6.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock worth $58,106,000 after acquiring an additional 154,285 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Verint Systems by 276.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 128,667 shares of the technology company’s stock worth $2,969,000 after acquiring an additional 94,483 shares during the period. Graham Capital Management L.P. purchased a new position in shares of Verint Systems during the 3rd quarter worth about $962,000. Finally, California Public Employees Retirement System lifted its holdings in shares of Verint Systems by 7.0% during the 3rd quarter. California Public Employees Retirement System now owns 320,663 shares of the technology company’s stock worth $7,372,000 after acquiring an additional 20,981 shares during the period. 94.95% of the stock is owned by institutional investors and hedge funds.

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.