Bank of Montreal Can lifted its stake in Varonis Systems Inc (NASDAQ:VRNS) by 7.7% in the 1st quarter, Holdings Channel reports. The firm owned 27,448 shares of the technology company’s stock after acquiring an additional 1,967 shares during the period. Bank of Montreal Can’s holdings in Varonis Systems were worth $1,637,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently made changes to their positions in VRNS. Mondrian Capital Management LLC purchased a new position in shares of Varonis Systems in the 4th quarter valued at approximately $53,000. Psagot Investment House Ltd. raised its position in shares of Varonis Systems by 32.0% in the 4th quarter. Psagot Investment House Ltd. now owns 1,061 shares of the technology company’s stock valued at $56,000 after purchasing an additional 257 shares during the last quarter. NumerixS Investment Technologies Inc raised its position in shares of Varonis Systems by 257.1% in the 4th quarter. NumerixS Investment Technologies Inc now owns 2,500 shares of the technology company’s stock valued at $133,000 after purchasing an additional 1,800 shares during the last quarter. Amalgamated Bank purchased a new position in shares of Varonis Systems in the 4th quarter valued at approximately $218,000. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Varonis Systems in the 4th quarter valued at approximately $228,000. 83.99% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on VRNS. Jefferies Financial Group increased their price objective on shares of Varonis Systems from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Morgan Stanley raised their price target on shares of Varonis Systems from $55.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. Wedbush raised shares of Varonis Systems from a “neutral” rating to an “outperform” rating and set a $85.00 price target for the company in a research report on Tuesday, April 30th. CIBC reduced their price target on shares of Varonis Systems from $80.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday, February 12th. Finally, BidaskClub raised shares of Varonis Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, March 26th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $71.52.
Shares of NASDAQ VRNS opened at $68.62 on Tuesday. The company has a market cap of $2.13 billion, a PE ratio of -70.02 and a beta of 1.02. Varonis Systems Inc has a 12 month low of $48.67 and a 12 month high of $83.10.
Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Monday, April 29th. The technology company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.04). The firm had revenue of $56.40 million for the quarter, compared to analyst estimates of $59.36 million. Varonis Systems had a negative return on equity of 30.00% and a negative net margin of 13.24%. Varonis Systems’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.22) EPS. Research analysts forecast that Varonis Systems Inc will post -1.75 earnings per share for the current fiscal year.
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Varonis Systems Company 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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