Verint Systems Inc. (NASDAQ:VRNT) Director Sells $164,390.58 in Stock

Verint Systems Inc. (NASDAQ:VRNT) Director Richard N. Nottenburg sold 5,274 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $31.17, for a total value of $164,390.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Verint Systems Price Performance

Verint Systems stock opened at $29.13 on Thursday. Verint Systems Inc. has a one year low of $18.41 and a one year high of $40.28. The business has a fifty day moving average price of $31.16 and a 200-day moving average price of $26.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.34. The firm has a market capitalization of $1.82 billion, a P/E ratio of 100.45, a PEG ratio of 1.22 and a beta of 1.20.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VRNT. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. TheStreet raised Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.20.

Hedge Funds Weigh In On Verint Systems

A number of large investors have recently made changes to their positions in VRNT. PNC Financial Services Group Inc. boosted its holdings in shares of Verint Systems by 764.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock worth $28,000 after acquiring an additional 917 shares during the period. CWM LLC boosted its holdings in shares of Verint Systems by 241.8% in the third quarter. CWM LLC now owns 1,309 shares of the technology company’s stock worth $30,000 after acquiring an additional 926 shares during the period. Dark Forest Capital Management LP bought a new stake in Verint Systems during the first quarter valued at $35,000. NBC Securities Inc. bought a new stake in Verint Systems during the first quarter valued at $42,000. Finally, KBC Group NV bought a new stake in Verint Systems during the fourth quarter valued at $43,000. 94.95% of the stock is owned by 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.