Varonis Systems, Inc. (NASDAQ:VRNS) Shares Purchased by Seven Eight Capital LP

Seven Eight Capital LP raised its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,781 shares of the technology company’s stock after buying an additional 820 shares during the period. Seven Eight Capital LP’s holdings in Varonis Systems were worth $757,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. EFG Asset Management North America Corp. lifted its holdings in shares of Varonis Systems by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 45,469 shares of the technology company’s stock valued at $2,181,000 after acquiring an additional 216 shares in the last quarter. O Neil Global Advisors Inc. raised its position in Varonis Systems by 4.8% in the second quarter. O Neil Global Advisors Inc. now owns 4,775 shares of the technology company’s stock valued at $229,000 after purchasing an additional 220 shares during the period. Hanseatic Management Services Inc. lifted its stake in shares of Varonis Systems by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 16,051 shares of the technology company’s stock worth $770,000 after purchasing an additional 275 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Varonis Systems by 3.5% in the second quarter. Natixis Advisors LLC now owns 11,925 shares of the technology company’s stock worth $572,000 after buying an additional 401 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Varonis Systems by 87.2% in the fourth quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company’s stock valued at $42,000 after buying an additional 429 shares in the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Susquehanna boosted their price target on Varonis Systems from $55.00 to $65.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Baird R W raised shares of Varonis Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Varonis Systems in a report on Tuesday, July 30th. JPMorgan Chase & Co. upgraded shares of Varonis Systems from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $50.00 to $54.00 in a report on Friday, June 14th. Finally, Wells Fargo & Company raised their target price on Varonis Systems from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Varonis Systems presently has an average rating of “Moderate Buy” and an average target price of $56.33.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $55.88 on Friday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average of $53.06 and a two-hundred day moving average of $48.15. The company has a market cap of $6.27 billion, a P/E ratio of -59.45 and a beta of 0.81. Varonis Systems, Inc. has a 52 week low of $29.47 and a 52 week high of $58.32.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Monday, July 29th. The technology company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. The firm had revenue of $130.35 million during the quarter, compared to the consensus estimate of $124.83 million. Varonis Systems had a negative return on equity of 18.31% and a negative net margin of 16.97%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.35) EPS. As a group, analysts anticipate that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Insider Buying and Selling

In other Varonis Systems news, Vice Chairman James O’boyle sold 75,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $51.04, for a total transaction of $3,828,000.00. Following the completion of the transaction, the insider now directly owns 494,114 shares of the company’s stock, valued at approximately $25,219,578.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.60% of the company’s stock.

Varonis Systems Profile

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.