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

Verint Systems Inc. (NASDAQ:VRNT - Get Free Report) 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 transaction of $446,732.16. Following the transaction, the insider now directly owns 73,314 shares in the company, valued at approximately $2,017,601.28. The trade was a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Verint Systems Trading Up 2.1 %

Shares of VRNT stock traded up $0.57 on Monday, hitting $27.44. 995,175 shares of the stock traded hands, compared to its average volume of 717,173. Verint Systems Inc. has a twelve month low of $21.27 and a twelve month high of $38.17. The stock has a market capitalization of $1.71 billion, a PE ratio of 29.19, a PEG ratio of 1.25 and a beta of 1.28. The firm's 50-day moving average price is $24.90 and its two-hundred day moving average price is $28.76. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.32.

Hedge Funds Weigh In On Verint Systems

Several institutional investors and hedge funds have recently bought and sold shares of VRNT. Quarry LP lifted its stake in shares of Verint Systems by 160.9% in the 2nd quarter. Quarry LP now owns 793 shares of the technology company's stock valued at $26,000 after purchasing an additional 489 shares during the last quarter. Innealta Capital LLC acquired a new position in Verint Systems in the second quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Verint Systems during the second quarter worth about $43,000. Quantbot Technologies LP acquired a new stake in shares of Verint Systems during the third quarter valued at about $58,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Verint Systems in the 2nd quarter valued at approximately $138,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VRNT has been the subject of several research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price objective on shares of Verint Systems in a research note on Thursday, December 5th. Jefferies Financial Group raised their price objective on Verint Systems from $28.00 to $34.00 and gave the company a "hold" rating in a report on Friday, December 6th. TD Cowen lowered their target price on shares of Verint Systems from $40.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, September 5th. Wedbush reiterated an "outperform" rating and issued a $38.00 target price on shares of Verint Systems in a research report on Thursday, September 26th. Finally, StockNews.com upgraded shares of Verint Systems from a "hold" rating to a "buy" rating in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.67.

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.