Quantitative Systematic Strategies LLC Boosts Stake in Varonis Systems Inc (NASDAQ:VRNS)

Quantitative Systematic Strategies LLC increased its stake in shares of Varonis Systems Inc (NASDAQ:VRNS) by 22.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,103 shares of the technology company’s stock after acquiring an additional 1,124 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Varonis Systems were worth $364,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of VRNS. Sciencast Management LP acquired a new stake in shares of Varonis Systems during the first quarter worth $334,000. Virtu Financial LLC acquired a new stake in shares of Varonis Systems during the first quarter worth $306,000. Woodstock Corp acquired a new stake in shares of Varonis Systems during the first quarter worth $291,000. Deutsche Bank AG grew its stake in shares of Varonis Systems by 220.0% during the fourth quarter. Deutsche Bank AG now owns 266,503 shares of the technology company’s stock worth $14,095,000 after purchasing an additional 183,229 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Varonis Systems by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 330,691 shares of the technology company’s stock worth $17,493,000 after purchasing an additional 2,613 shares during the period. 85.12% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Yakov Faitelson sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $54.72, for a total transaction of $1,641,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.80% of the company’s stock.

A number of equities research analysts recently commented on the company. Zacks Investment Research cut Varonis Systems from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. BidaskClub raised Varonis Systems from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Stifel Nicolaus boosted their target price on Varonis Systems from $52.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Jefferies Financial Group boosted their target price on Varonis Systems from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Finally, DA Davidson boosted their target price on Varonis Systems to $78.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $71.52.

Shares of Varonis Systems stock traded down $0.29 during trading on Friday, reaching $70.92. The stock had a trading volume of 319,368 shares, compared to its average volume of 440,416. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -72.37 and a beta of 1.02. Varonis Systems Inc has a 52 week low of $48.67 and a 52 week high of $83.10.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Monday, April 29th. The technology company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.04). Varonis Systems had a negative net margin of 13.24% and a negative return on equity of 30.00%. The firm had revenue of $56.40 million during the quarter, compared to the consensus estimate of $59.36 million. During the same quarter last year, the firm earned ($0.22) earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts expect that Varonis Systems Inc will post -1.75 earnings per share for the current fiscal year.

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Varonis Systems Profile

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.

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

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