Quantitative Systematic Strategies LLC Has $846,000 Stock Position in Varonis Systems Inc (NASDAQ:VRNS)

Quantitative Systematic Strategies LLC lifted its holdings in shares of Varonis Systems Inc (NASDAQ:VRNS) by 123.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 13,651 shares of the technology company’s stock after acquiring an additional 7,548 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Varonis Systems were worth $846,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its position in Varonis Systems by 5.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,855 shares of the technology company’s stock worth $826,000 after acquiring an additional 660 shares during the last quarter. New York State Common Retirement Fund grew its position in Varonis Systems by 4.0% during the 1st quarter. New York State Common Retirement Fund now owns 28,800 shares of the technology company’s stock worth $1,717,000 after acquiring an additional 1,100 shares during the last quarter. Coronation Fund Managers Ltd. grew its position in Varonis Systems by 3.2% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 36,181 shares of the technology company’s stock worth $2,241,000 after acquiring an additional 1,136 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Varonis Systems in the 1st quarter valued at about $83,000. Finally, Bank of Montreal Can grew its position in shares of Varonis Systems by 7.7% in the 1st quarter. Bank of Montreal Can now owns 27,448 shares of the technology company’s stock valued at $1,637,000 after buying an additional 1,967 shares during the last quarter. 89.70% of the stock is owned by institutional investors.

A number of equities research analysts have commented on VRNS shares. Stifel Nicolaus upped their price target on Varonis Systems from $52.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. DA Davidson upped their price target on Varonis Systems to $78.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Jefferies Financial Group upped their price target on Varonis Systems from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. UBS Group upped their price target on Varonis Systems from $68.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Finally, ValuEngine upgraded Varonis Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Varonis Systems currently has a consensus rating of “Buy” and a consensus price target of $74.00.

Shares of Varonis Systems stock traded up $0.33 on Wednesday, hitting $68.15. 3,391 shares of the company’s stock traded hands, compared to its average volume of 404,185. Varonis Systems Inc has a one year low of $48.67 and a one year high of $80.00. The firm’s fifty day moving average price is $65.69. The company has a market cap of $2.16 billion, a P/E ratio of -69.62 and a beta of 0.92.

In other news, Director Ohad Korkus sold 6,861 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $80.00, for a total value of $548,880.00. Following the completion of the transaction, the director now directly owns 29,013 shares of the company’s stock, valued at $2,321,040. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David Bass sold 42,416 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $72.54, for a total value of $3,076,856.64. Following the completion of the transaction, the executive vice president now directly owns 202,833 shares of the company’s stock, valued at $14,713,505.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,277 shares of company stock valued at $4,785,237. 2.80% of the stock is currently owned by corporate insiders.

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: Short Selling

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

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