Dan Bodner Sells 44,335 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner sold 44,335 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 $1,334,040.15. Following the transaction, the chief executive officer now owns 898,234 shares in the company, valued at approximately $27,027,861.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Dan Bodner also recently made the following trade(s):

• On Wednesday, March 20th, Dan Bodner sold 33,472 shares of Verint Systems stock. The shares were sold at an average price of $31.29, for a total value of $1,047,338.88.
• On Friday, January 26th, Dan Bodner sold 68,372 shares of Verint Systems stock. The shares were sold at an average price of $30.00, for a total value of $2,051,160.00.

Verint Systems Price Performance

NASDAQ:VRNT opened at $29.13 on Thursday. Verint Systems Inc. has a one year low of $18.41 and a one year high of $40.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.37. The stock has a market cap of $1.82 billion, a PE ratio of 100.45, a P/E/G ratio of 1.22 and a beta of 1.20. The stock has a 50 day moving average price of $31.16 and a 200 day moving average price of $26.99.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Dark Forest Capital Management LP purchased a new position in Verint Systems in the first quarter worth approximately $35,000. PNC Financial Services Group Inc. boosted its position 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 worth $28,000 after buying an additional 917 shares during the period. NBC Securities Inc. purchased a new position in shares of Verint Systems during the first quarter worth $42,000. CWM LLC boosted its position in shares of Verint Systems by 241.8% during the third quarter. CWM LLC now owns 1,309 shares of the technology company’s stock worth $30,000 after buying an additional 926 shares during the period. Finally, KBC Group NV acquired a new stake in Verint Systems in the fourth quarter valued at $43,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on VRNT. StockNews.com raised Verint Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Verint Systems in a report on Thursday, March 28th. TheStreet raised Verint Systems from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Oppenheimer reaffirmed a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Verint Systems in a 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $35.20.

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.