Natixis Advisors LLC Has $1.61 Million Stock Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Natixis Advisors LLC lifted its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 138.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,490 shares of the technology company’s stock after acquiring an additional 16,565 shares during the period. Natixis Advisors LLC’s holdings in Varonis Systems were worth $1,610,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VRNS. Farther Finance Advisors LLC grew its stake in shares of Varonis Systems by 445.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock worth $29,000 after acquiring an additional 423 shares in the last quarter. International Assets Investment Management LLC grew its position in Varonis Systems by 5,550.0% in the third quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company’s stock valued at $140,000 after purchasing an additional 2,442 shares in the last quarter. KBC Group NV increased its stake in Varonis Systems by 25.5% in the 3rd quarter. KBC Group NV now owns 3,263 shares of the technology company’s stock valued at $184,000 after buying an additional 663 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Varonis Systems during the 2nd quarter worth about $215,000. Finally, O Neil Global Advisors Inc. lifted its position 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 worth $229,000 after buying an additional 220 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.

Insider Activity at Varonis Systems

In other news, Vice Chairman James O’boyle sold 50,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $59.76, for a total transaction of $2,988,000.00. Following the completion of the sale, the insider now directly owns 444,114 shares in the company, valued at approximately $26,540,252.64. This represents a 10.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Guy Melamed sold 91,345 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $53.70, for a total value of $4,905,226.50. Following the completion of the transaction, the chief financial officer now owns 504,598 shares in the company, valued at $27,096,912.60. The trade was a 15.33 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

Varonis Systems Trading Up 0.2 %

Shares of NASDAQ:VRNS opened at $50.11 on Tuesday. Varonis Systems, Inc. has a 12-month low of $39.67 and a 12-month high of $60.58. The business has a 50 day moving average of $54.98 and a 200-day moving average of $50.88. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.05. The stock has a market cap of $5.64 billion, a PE ratio of -66.69 and a beta of 0.82.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results 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 the consensus estimate of $141.62 million. Varonis Systems had a negative return on equity of 17.58% and a negative net margin of 15.31%. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.22) EPS. As a group, equities research analysts forecast that Varonis Systems, Inc. will post -0.73 earnings per share for the current year.

Analysts Set New Price Targets

VRNS has been the topic of a number of recent research reports. Truist Financial reaffirmed a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of Varonis Systems in a research report on Tuesday, July 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $65.00 price objective on shares of Varonis Systems in a research note on Wednesday, October 30th. Susquehanna increased their price objective on Varonis Systems from $55.00 to $65.00 and gave the company a “positive” rating in a report on Tuesday, July 30th. Needham & Company LLC restated a “hold” rating on shares of Varonis Systems in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Varonis Systems from $59.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.67.

Varonis Systems Company 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.