Verint Systems Inc. (NASDAQ:VRNT) President Elan Moriah Sells 9,880 Shares

Verint Systems Inc. (NASDAQ:VRNT) President Elan Moriah sold 9,880 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $30.09, for a total value of $297,289.20. Following the completion of the sale, the president now directly owns 91,877 shares of the company’s stock, valued at $2,764,578.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Elan Moriah also recently made the following trade(s):

• On Monday, April 1st, Elan Moriah sold 14,353 shares of Verint Systems stock. The stock was sold at an average price of $32.62, for a total value of $468,194.86.

Verint Systems Price Performance

Shares of VRNT remained flat at $29.26 during trading hours on Wednesday. The company had a trading volume of 255,247 shares, compared to its average volume of 548,599. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.34. The company has a market cap of $1.83 billion, a PE ratio of 100.90, a PEG ratio of 1.22 and a beta of 1.20. Verint Systems Inc. has a fifty-two week low of $18.41 and a fifty-two week high of $40.28. The company’s fifty day moving average price is $31.20 and its two-hundred day moving average price is $26.97.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Verint Systems

A number of large investors have recently made changes to their positions in the stock. NBC Securities Inc. acquired a new stake in shares of Verint Systems during the first quarter valued at $42,000. Nomura Holdings Inc. boosted its stake in shares of Verint Systems by 565.7% during the fourth quarter. Nomura Holdings Inc. now owns 58,250 shares of the technology company’s stock valued at $1,574,000 after acquiring an additional 49,500 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Verint Systems by 764.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after acquiring an additional 917 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Verint Systems by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 7,182,580 shares of the technology company’s stock valued at $194,145,000 after acquiring an additional 73,592 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Verint Systems during the fourth quarter valued at $34,172,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

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.