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

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 6,244 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $30.09, for a total value of $187,881.96. Following the transaction, the insider now directly owns 50,511 shares in the company, valued at approximately $1,519,875.99. The transaction was disclosed in a filing with the SEC, which is available at 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 value of $261,364.02.

Verint Systems Trading Down 0.1 %

Shares of Verint Systems stock opened at $29.09 on Friday. 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 company has a fifty day simple moving average of $31.13 and a 200-day simple moving average of $27.00. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 100.31, a PEG ratio of 1.23 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.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Verint Systems

Several large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in shares of Verint Systems by 764.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock worth $28,000 after purchasing an additional 917 shares in the last quarter. CWM LLC lifted its stake in Verint Systems by 241.8% in the third quarter. CWM LLC now owns 1,309 shares of the technology company’s stock valued at $30,000 after buying an additional 926 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Verint Systems during the first quarter worth approximately $35,000. NBC Securities Inc. acquired a new position in shares of Verint Systems in the 1st quarter valued at $42,000. Finally, KBC Group NV purchased a new stake in Verint Systems in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

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.