Varonis Systems, Inc. (NASDAQ:VRNS) Holdings Lifted by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in Varonis Systems, Inc. (NASDAQ:VRNSFree Report) by 5,550.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,486 shares of the technology company’s stock after purchasing an additional 2,442 shares during the quarter. International Assets Investment Management LLC’s holdings in Varonis Systems were worth $140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in VRNS. Mercer Global Advisors Inc. ADV bought a new position in shares of Varonis Systems in the second quarter valued at approximately $215,000. O Neil Global Advisors Inc. boosted its stake in Varonis Systems by 4.8% during the 2nd 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 in the last quarter. Marshall Wace LLP bought a new position in Varonis Systems during the 2nd quarter valued at $260,000. Xponance Inc. increased its position in shares of Varonis Systems by 5.6% during the 2nd quarter. Xponance Inc. now owns 6,975 shares of the technology company’s stock valued at $335,000 after purchasing an additional 367 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Varonis Systems by 12.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,713 shares of the technology company’s stock worth $364,000 after buying an additional 865 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Trading Down 0.3 %

NASDAQ:VRNS opened at $53.19 on Friday. The stock’s 50-day moving average is $55.47 and its two-hundred day moving average is $50.29. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.81 and a quick ratio of 1.81. Varonis Systems, Inc. has a fifty-two week low of $34.66 and a fifty-two week high of $60.58. The stock has a market cap of $5.98 billion, a PE ratio of -70.92 and a beta of 0.82.

Varonis Systems (NASDAQ:VRNSGet Free Report) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $148.07 million during the quarter, compared to analyst estimates of $141.62 million. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. Varonis Systems’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.22) EPS. As a group, equities research analysts forecast that Varonis Systems, Inc. will post -0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VRNS. Baird R W raised Varonis Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. TD Cowen lifted their price objective on shares of Varonis Systems from $54.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Needham & Company LLC reissued a “hold” rating on shares of Varonis Systems in a research note on Tuesday, July 30th. Royal Bank of Canada restated an “outperform” rating and issued a $65.00 price target on shares of Varonis Systems in a research report on Wednesday, October 30th. Finally, UBS Group increased their price objective on Varonis Systems from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.75.

Check Out Our Latest Report on Varonis Systems

Insider Activity

In other news, Vice Chairman James O’boyle sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $59.76, for a total value of $2,988,000.00. Following the sale, the insider now directly owns 444,114 shares of the company’s stock, valued at approximately $26,540,252.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

Varonis Systems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Varonis Systems (NASDAQ:VRNS)

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