Marshall Wace LLP Makes New $260,000 Investment in Varonis Systems, Inc. (NASDAQ:VRNS)

Marshall Wace LLP purchased a new position in Varonis Systems, Inc. (NASDAQ:VRNS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,423 shares of the technology company’s stock, valued at approximately $260,000.

Other large investors also recently modified their holdings of the company. Interval Partners LP acquired a new position in Varonis Systems during the second quarter valued at approximately $1,044,000. Xponance Inc. lifted its position in shares of Varonis Systems by 5.6% in the second quarter. Xponance Inc. now owns 6,975 shares of the technology company’s stock valued at $335,000 after buying an additional 367 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Varonis Systems by 12.1% in the second quarter. Bank of Montreal Can now owns 646,261 shares of the technology company’s stock valued at $31,098,000 after buying an additional 69,827 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Varonis Systems by 4.6% in the second quarter. Thrivent Financial for Lutherans now owns 2,874,388 shares of the technology company’s stock valued at $137,885,000 after buying an additional 127,129 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Varonis Systems during the second quarter worth approximately $390,000. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Price Performance

Shares of VRNS opened at $59.12 on Friday. The company has a 50 day moving average price of $55.01 and a 200-day moving average price of $48.86. Varonis Systems, Inc. has a fifty-two week low of $29.75 and a fifty-two week high of $59.97. The stock has a market capitalization of $6.63 billion, a PE ratio of -73.90 and a beta of 0.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.44 and a current ratio of 2.44.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Monday, July 29th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. Varonis Systems had a negative net margin of 16.97% and a negative return on equity of 18.31%. The business had revenue of $130.35 million during the quarter, compared to analysts’ expectations of $124.83 million. During the same quarter last year, the company posted ($0.35) earnings per share. The business’s quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on VRNS. TD Cowen raised their price objective on Varonis Systems from $54.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Susquehanna lifted their price target on Varonis Systems from $55.00 to $65.00 and gave the company a “positive” rating in a research note on Tuesday, July 30th. Royal Bank of Canada lifted their target price on Varonis Systems from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Baird R W raised Varonis Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. raised Varonis Systems from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $50.00 to $54.00 in a research note on Friday, June 14th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.67.

Insider Buying and Selling

In other news, Vice Chairman James O’boyle sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $51.04, for a total value of $3,828,000.00. Following the sale, the insider now directly owns 494,114 shares of the company’s stock, valued at approximately $25,219,578.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by company insiders.

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.