Peter Fante Sells 16,233 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) insider Peter Fante sold 16,233 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $27.52, for a total value of $446,732.16. Following the sale, the insider now owns 73,314 shares of the company’s stock, valued at $2,017,601.28. This trade represents a 18.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Verint Systems Stock Down 0.9 %

VRNT stock opened at $27.19 on Wednesday. The company has a 50 day moving average of $25.05 and a two-hundred day moving average of $28.63. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47. Verint Systems Inc. has a 12-month low of $21.27 and a 12-month high of $38.17. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 1.25 and a beta of 1.28.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VRNT. Wedbush reaffirmed an “outperform” rating and set a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. TD Cowen reduced their price objective on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research report on Thursday, December 5th. StockNews.com upgraded shares of Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Finally, Jefferies Financial Group lifted their price objective on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Verint Systems presently has an average rating of “Moderate Buy” and an average target price of $35.67.

Institutional Trading of Verint Systems

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Verint Systems by 154.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 168,332 shares of the technology company’s stock worth $5,420,000 after purchasing an additional 102,225 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Verint Systems in the second quarter worth approximately $43,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Verint Systems by 11.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,586 shares of the technology company’s stock valued at $405,000 after acquiring an additional 1,272 shares in the last quarter. Innealta Capital LLC acquired a new stake in Verint Systems in the second quarter valued at approximately $36,000. Finally, Fort Washington Investment Advisors Inc. OH grew its position in Verint Systems by 35.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 814,959 shares of the technology company’s stock worth $26,242,000 after acquiring an additional 211,570 shares in the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

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.