Dan Bodner Sells 375,000 Shares of Verint Systems Inc. (NASDAQ:VRNT) Stock

Verint Systems Inc. (NASDAQ:VRNT) CEO Dan Bodner sold 375,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $33.76, for a total value of $12,660,000.00. Following the completion of the sale, the chief executive officer now owns 609,764 shares of the company’s stock, valued at $20,585,632.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, April 23rd, Dan Bodner sold 35,039 shares of Verint Systems stock. The shares were sold at an average price of $30.00, for a total value of $1,051,170.00.
• 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 value of $1,334,040.15.

Verint Systems Price Performance

Shares of VRNT opened at $33.75 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.50. Verint Systems Inc. has a 1 year low of $18.41 and a 1 year high of $40.28. The stock has a market cap of $2.08 billion, a P/E ratio of 70.31, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. The stock’s 50-day moving average price is $32.11 and its two-hundred day moving average price is $30.53.

Verint Systems (NASDAQ:VRNT) last issued its earnings results on Wednesday, March 27th. The technology company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. Verint Systems had a return on equity of 16.56% and a net margin of 5.52%. The firm had revenue of $265.22 million for the quarter, compared to analysts’ expectations of $261.45 million. On average, equities analysts predict that Verint Systems Inc. will post 1.99 earnings per share for the current year.

Hedge Funds Weigh In On Verint Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRNT. Fidelis Capital Partners LLC bought a new position in shares of Verint Systems during the 1st quarter valued at about $30,000. PNC Financial Services Group Inc. lifted its holdings in shares of Verint Systems by 764.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,037 shares of the technology company’s stock valued at $28,000 after purchasing an additional 917 shares in the last quarter. FinTrust Capital Advisors LLC lifted its holdings in shares of Verint Systems by 173.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,188 shares of the technology company’s stock valued at $39,000 after purchasing an additional 754 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Verint Systems during the 1st quarter valued at about $42,000. Finally, CWM LLC lifted its holdings in shares of Verint Systems by 61.2% during the 4th quarter. CWM LLC now owns 2,110 shares of the technology company’s stock valued at $57,000 after purchasing an additional 801 shares in the last quarter. Institutional investors own 94.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on VRNT. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Verint Systems in a research report on Wednesday, June 5th. 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 Wednesday, June 5th. StockNews.com upgraded Verint Systems from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Verint Systems in a research report on Thursday, March 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.