Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner Sells 35,039 Shares

Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner sold 35,039 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $30.00, for a total transaction of $1,051,170.00. Following the transaction, the chief executive officer now directly owns 991,748 shares in the company, valued at $29,752,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, April 15th, Dan Bodner sold 44,335 shares of Verint Systems stock. The stock was sold at an average price of $30.09, for a total transaction of $1,334,040.15.
• On Wednesday, March 20th, Dan Bodner sold 33,472 shares of Verint Systems stock. The stock was sold at an average price of $31.29, for a total transaction of $1,047,338.88.
• On Friday, January 26th, Dan Bodner sold 68,372 shares of Verint Systems stock. The stock was sold at an average price of $30.00, for a total transaction of $2,051,160.00.

Verint Systems Price Performance

Shares of VRNT opened at $30.35 on Wednesday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 104.66, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. 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 50 day moving average of $31.01 and a two-hundred day moving average of $27.23.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. The company had revenue of $265.22 million during the quarter, compared to the consensus estimate of $261.45 million. Verint Systems had a net margin of 4.24% and a return on equity of 16.60%. As a group, analysts predict that Verint Systems Inc. will post 1.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Verint Systems

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Verint Systems by 1.0% in 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 in the last quarter. RGM Capital LLC lifted its stake in shares of Verint Systems by 1.4% during the third quarter. RGM Capital LLC now owns 3,011,394 shares of the technology company’s stock worth $69,232,000 after buying an additional 42,732 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Verint Systems by 6.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,527,443 shares of the technology company’s stock worth $58,106,000 after buying an additional 154,285 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Verint Systems during the fourth quarter worth $34,172,000. Finally, William Blair Investment Management LLC lifted its stake in shares of Verint Systems by 8.9% during the third quarter. William Blair Investment Management LLC now owns 1,035,957 shares of the technology company’s stock worth $23,817,000 after buying an additional 84,911 shares during the period. 94.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TheStreet raised shares of Verint Systems from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. Oppenheimer reissued a “market perform” rating on shares of Verint Systems in a report on Thursday, March 28th. StockNews.com raised shares of 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 price objective on shares of Verint Systems in a report on Thursday, March 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Verint Systems in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.