Grant A. Highlander Sells 2,062 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) CFO Grant A. Highlander sold 2,062 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $30.09, for a total value of $62,045.58. Following the sale, the chief financial officer now owns 82,442 shares in the company, valued at $2,480,679.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Verint Systems Trading Down 0.4 %

NASDAQ:VRNT traded down $0.12 during trading hours on Wednesday, hitting $29.14. 266,713 shares of the stock were exchanged, compared to its average volume of 548,786. The company’s 50 day moving average is $31.20 and its two-hundred day moving average is $26.97. Verint Systems Inc. has a twelve month low of $18.41 and a twelve month high of $40.28. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $1.82 billion, a P/E ratio of 100.90, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20.

Analysts Set New Price Targets

VRNT has been the topic of a number of research analyst reports. Oppenheimer restated a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Verint Systems in a research report on Thursday, March 28th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, TheStreet upgraded Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.20.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VRNT. Raymond James & Associates lifted its stake in shares of Verint Systems by 12.1% in the 1st quarter. Raymond James & Associates now owns 7,821 shares of the technology company’s stock valued at $404,000 after purchasing an additional 843 shares during the period. MetLife Investment Management LLC increased its position in shares of Verint Systems by 53.6% in the 1st quarter. MetLife Investment Management LLC now owns 34,707 shares of the technology company’s stock valued at $1,794,000 after buying an additional 12,108 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Verint Systems by 14.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 3,456 shares of the technology company’s stock valued at $190,000 after buying an additional 438 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Verint Systems by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,415,021 shares of the technology company’s stock valued at $73,156,000 after buying an additional 24,335 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Verint Systems in the 1st quarter valued at $2,533,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

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.