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

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 6,244 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 value of $187,881.96. Following the transaction, the insider now directly owns 50,511 shares of the company’s stock, valued at approximately $1,519,875.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Peter Fante also recently made the following trade(s):

• On Wednesday, April 3rd, Peter Fante sold 8,329 shares of Verint Systems stock. The stock was sold at an average price of $31.38, for a total value of $261,364.02.

Verint Systems Trading Up 0.2 %

NASDAQ VRNT opened at $29.14 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 50-day moving average of $31.08 and a 200-day moving average of $27.05. 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 company has a market cap of $1.82 billion, a P/E ratio of 100.49, a P/E/G ratio of 1.23 and a beta of 1.20.

Verint Systems (NASDAQ:VRNT) last posted its quarterly earnings data on Wednesday, March 27th. The technology company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. Verint Systems had a net margin of 4.24% and a return on equity of 16.60%. The company had revenue of $265.22 million during the quarter, compared to the consensus estimate of $261.45 million. As a group, equities analysts predict that Verint Systems Inc. will post 1.97 earnings per share for the current year.

Hedge Funds Weigh In On Verint Systems

A number of institutional investors and hedge funds have recently bought and sold shares of VRNT. Vanguard Group Inc. raised its position in shares of Verint Systems by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 7,182,580 shares of the technology company’s stock valued at $194,145,000 after purchasing an additional 73,592 shares in the last quarter. BlackRock Inc. raised its position in shares of Verint Systems by 5.4% in the 1st quarter. BlackRock Inc. now owns 5,286,849 shares of the technology company’s stock valued at $196,882,000 after purchasing an additional 270,971 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Verint Systems by 15.8% in the 4th quarter. Victory Capital Management Inc. now owns 4,425,278 shares of the technology company’s stock valued at $160,549,000 after purchasing an additional 604,112 shares in the last quarter. RGM Capital LLC raised its position in shares of Verint Systems by 1.4% in the 3rd quarter. RGM Capital LLC now owns 3,011,394 shares of the technology company’s stock valued at $69,232,000 after purchasing an additional 42,732 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Verint Systems by 6.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock valued at $58,106,000 after purchasing an additional 154,285 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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