Great West Life Assurance Co. Can Lowers Stake in Varonis Systems Inc (NASDAQ:VRNS)

Great West Life Assurance Co. Can trimmed its holdings in Varonis Systems Inc (NASDAQ:VRNS) by 45.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 22,165 shares of the technology company’s stock after selling 18,536 shares during the period. Great West Life Assurance Co. Can owned approximately 0.08% of Varonis Systems worth $1,170,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mondrian Capital Management LLC acquired a new stake in shares of Varonis Systems in the fourth quarter valued at $53,000. NumerixS Investment Technologies Inc raised its stake in shares of Varonis Systems by 257.1% in the fourth quarter. NumerixS Investment Technologies Inc now owns 2,500 shares of the technology company’s stock valued at $133,000 after acquiring an additional 1,800 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Varonis Systems in the third quarter valued at $243,000. AlphaCrest Capital Management LLC acquired a new stake in shares of Varonis Systems in the fourth quarter valued at $302,000. Finally, Xact Kapitalforvaltning AB raised its stake in shares of Varonis Systems by 26.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 5,800 shares of the technology company’s stock valued at $307,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors own 85.45% of the company’s stock.

In related news, CEO Yakov Faitelson sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $54.72, for a total value of $1,641,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is owned by company insiders.

Shares of NASDAQ VRNS traded down $1.42 during midday trading on Friday, reaching $59.99. 354,736 shares of the company were exchanged, compared to its average volume of 284,131. Varonis Systems Inc has a 1 year low of $48.67 and a 1 year high of $83.10. The firm has a market cap of $1.80 billion, a P/E ratio of -61.21 and a beta of 0.96.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Monday, February 11th. The technology company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.11. The firm had revenue of $87.52 million during the quarter, compared to the consensus estimate of $87.33 million. Varonis Systems had a negative net margin of 10.57% and a negative return on equity of 24.02%. On average, equities analysts forecast that Varonis Systems Inc will post -1.16 EPS for the current year.

Several equities analysts recently commented on VRNS shares. DA Davidson dropped their target price on Varonis Systems to $62.00 and set a “buy” rating on the stock in a report on Tuesday, February 12th. Jefferies Financial Group reissued a “buy” rating and issued a $73.00 target price (down previously from $81.00) on shares of Varonis Systems in a report on Tuesday, February 12th. Robert W. Baird reissued a “buy” rating and issued a $60.00 target price (down previously from $75.00) on shares of Varonis Systems in a report on Tuesday, February 12th. BidaskClub raised Varonis Systems from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Finally, Craig Hallum raised Varonis Systems from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Varonis Systems currently has an average rating of “Buy” and an average target price of $67.48.

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About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.

Further Reading: Balance Sheet

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

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