Grant A. Highlander Sells 2,062 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 2,062 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $30.09, for a total value of $62,045.58. Following the transaction, the chief financial officer now owns 82,442 shares of the company’s stock, valued at $2,480,679.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Verint Systems Trading Down 0.1 %

NASDAQ:VRNT opened at $29.09 on Friday. Verint Systems Inc. has a 12-month low of $18.41 and a 12-month high of $40.28. 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 market cap of $1.81 billion, a PE ratio of 100.31, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The stock has a fifty day moving average price of $31.13 and a 200 day moving average price of $27.00.

Institutional Trading of Verint Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of VRNT. Wellington Management Group LLP acquired a new stake in Verint Systems in the fourth quarter valued at $34,172,000. Norges Bank acquired a new stake in Verint Systems in the fourth quarter valued at $18,601,000. Victory Capital Management Inc. raised its stake in Verint Systems by 15.8% in the fourth quarter. Victory Capital Management Inc. now owns 4,425,278 shares of the technology company’s stock valued at $160,549,000 after buying an additional 604,112 shares in the last quarter. BlackRock Inc. raised its stake in Verint Systems by 5.4% in the first quarter. BlackRock Inc. now owns 5,286,849 shares of the technology company’s stock valued at $196,882,000 after buying an additional 270,971 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Verint Systems by 34.8% in the second quarter. Goldman Sachs Group Inc. now owns 936,664 shares of the technology company’s stock valued at $39,668,000 after buying an additional 242,014 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Verint Systems in a report on Thursday, March 28th. 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, March 28th. Finally, TheStreet upgraded Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.20.

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.