Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander Sells 12,880 Shares of Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 12,880 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total transaction of $376,740.00. Following the completion of the sale, the chief financial officer now directly owns 117,137 shares of the company’s stock, valued at approximately $3,426,257.25. The trade was a 9.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Verint Systems Price Performance

Shares of Verint Systems stock opened at $27.29 on Friday. Verint Systems Inc. has a twelve month low of $21.27 and a twelve month high of $38.17. The firm has a market cap of $1.70 billion, a PE ratio of 29.03, a P/E/G ratio of 1.25 and a beta of 1.28. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $24.83 and a 200 day moving average price of $28.81.

Analysts Set New Price Targets

Several research analysts have issued reports on VRNT shares. Jefferies Financial Group increased their target price on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. TD Cowen reduced their price objective on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Evercore ISI dropped their price objective on Verint Systems from $34.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday, September 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a report on Thursday, December 5th. Finally, StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.67.

Hedge Funds Weigh In On Verint Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its stake in Verint Systems by 282.1% in the 2nd quarter. SG Americas Securities LLC now owns 14,767 shares of the technology company’s stock worth $475,000 after purchasing an additional 10,902 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Verint Systems by 154.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 168,332 shares of the technology company’s stock valued at $5,420,000 after purchasing an additional 102,225 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Verint Systems in the second quarter worth approximately $43,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Verint Systems by 11.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,586 shares of the technology company’s stock valued at $405,000 after purchasing an additional 1,272 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Verint Systems during the 2nd quarter worth $36,000. 94.95% of the stock is owned by hedge funds and other institutional investors.

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.