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 Verint Systems stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $31.17, for a total value of $164,390.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Verint Systems Price Performance

Shares of NASDAQ VRNT opened at $29.13 on Thursday. Verint Systems Inc. has a twelve month low of $18.41 and a twelve 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 company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 100.45, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20. The business has a 50 day simple moving average of $31.16 and a 200-day simple moving average of $26.99.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in Verint Systems by 764.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after purchasing an additional 917 shares during the period. CWM LLC boosted its position in Verint Systems by 241.8% during the 3rd quarter. CWM LLC now owns 1,309 shares of the technology company’s stock valued at $30,000 after purchasing an additional 926 shares during the period. Dark Forest Capital Management LP acquired a new position in Verint Systems during the 1st quarter valued at approximately $35,000. NBC Securities Inc. acquired a new position in Verint Systems during the 1st quarter valued at approximately $42,000. Finally, KBC Group NV acquired a new position in Verint Systems during the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

Wall Street Analysts Forecast Growth

VRNT has been the topic of several analyst reports. TheStreet upgraded Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. Finally, StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.