Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander Sells 12,880 Shares

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 12,880 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $29.25, for a total value of $376,740.00. Following the completion of the sale, the chief financial officer now owns 117,137 shares of the company’s stock, valued at $3,426,257.25. This represents a 9.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Verint Systems Trading Down 1.5 %

VRNT stock opened at $26.87 on Friday. The business has a fifty day moving average price of $24.83 and a 200 day moving average price of $28.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.32 and a quick ratio of 1.28. Verint Systems Inc. has a fifty-two week low of $21.27 and a fifty-two week high of $38.17. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 1.25 and a beta of 1.28.

Analyst Ratings Changes

VRNT has been the subject of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Verint Systems in a research note on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research note on Thursday, December 5th. TD Cowen dropped their price target on shares of Verint Systems from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Finally, Jefferies Financial Group boosted their target price on shares of Verint Systems from $28.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $35.67.

Institutional Trading of Verint Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. lifted its position in Verint Systems by 9.5% during the 3rd quarter. Franklin Resources Inc. now owns 41,265 shares of the technology company’s stock worth $968,000 after buying an additional 3,585 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Verint Systems in the 3rd quarter valued at about $311,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Verint Systems by 7.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 58,880 shares of the technology company’s stock worth $1,491,000 after acquiring an additional 3,938 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Verint Systems by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,500,087 shares of the technology company’s stock worth $38,004,000 after purchasing an additional 4,034 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN acquired a new position in shares of Verint Systems during the third quarter worth approximately $5,083,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

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.