Dan Bodner Sells 44,335 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner sold 44,335 shares of Verint Systems stock in a transaction on Monday, April 15th. The stock was sold at an average price of $30.09, for a total transaction of $1,334,040.15. Following the sale, the chief executive officer now directly owns 898,234 shares of the company’s stock, valued at approximately $27,027,861.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dan Bodner also recently made the following trade(s):

• On Wednesday, March 20th, Dan Bodner sold 33,472 shares of Verint Systems stock. The stock was sold at an average price of $31.29, for a total transaction of $1,047,338.88.
• On Friday, January 26th, Dan Bodner sold 68,372 shares of Verint Systems stock. The stock was sold at an average price of $30.00, for a total transaction of $2,051,160.00.

Verint Systems Trading Down 0.1 %

VRNT opened at $29.09 on Friday. The stock has a market capitalization of $1.81 billion, a P/E ratio of 100.31, a P/E/G ratio of 1.22 and a beta of 1.20. Verint Systems Inc. has a 12 month low of $18.41 and a 12 month high of $40.28. The firm’s fifty day simple moving average is $31.13 and its 200 day simple moving average is $27.00. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.49.

Institutional Investors Weigh In On Verint Systems

Several institutional investors have recently added to or reduced their stakes in VRNT. Wellington Management Group LLP bought a new stake in Verint Systems in the 4th quarter valued at $34,172,000. Norges Bank bought a new stake in Verint Systems in the 4th quarter valued at $18,601,000. Victory Capital Management Inc. lifted its position in Verint Systems by 15.8% during the 4th quarter. Victory Capital Management Inc. now owns 4,425,278 shares of the technology company’s stock worth $160,549,000 after buying an additional 604,112 shares in the last quarter. BlackRock Inc. lifted its position in Verint Systems by 5.4% during the 1st quarter. BlackRock Inc. now owns 5,286,849 shares of the technology company’s stock worth $196,882,000 after buying an additional 270,971 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Verint Systems by 34.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 936,664 shares of the technology company’s stock worth $39,668,000 after buying an additional 242,014 shares in the last quarter. 94.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VRNT. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Verint Systems in a report on Thursday, March 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 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. StockNews.com raised shares of Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Oppenheimer reissued a “market perform” rating 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Verint Systems has an average rating of “Moderate Buy” and an average price target of $35.20.

About Verint Systems

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.