Varonis Systems, Inc. $VRNS Stock Acquired by Trillium Asset Management LLC

Trillium Asset Management LLC boosted its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 43.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,017 shares of the technology company’s stock after purchasing an additional 36,155 shares during the quarter. Trillium Asset Management LLC’s holdings in Varonis Systems were worth $5,647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRNS. EverSource Wealth Advisors LLC grew its position in shares of Varonis Systems by 161.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,360 shares of the technology company’s stock worth $29,000 after buying an additional 839 shares during the period. Fifth Third Bancorp raised its position in shares of Varonis Systems by 10,694.1% in the 1st quarter. Fifth Third Bancorp now owns 1,835 shares of the technology company’s stock valued at $39,000 after acquiring an additional 1,818 shares during the period. Essential Partners LLC raised its position in shares of Varonis Systems by 72.5% in the 1st quarter. Essential Partners LLC now owns 2,054 shares of the technology company’s stock valued at $44,000 after acquiring an additional 863 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Varonis Systems in the 2nd quarter valued at approximately $55,000. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Varonis Systems in the 2nd quarter valued at approximately $71,000. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Stock Down 0.3%

Shares of NASDAQ VRNS traded down $0.13 during mid-day trading on Friday, reaching $48.94. 4,022,574 shares of the company’s stock were exchanged, compared to its average volume of 5,910,876. Varonis Systems, Inc. has a twelve month low of $19.70 and a twelve month high of $50.31. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of -36.80 and a beta of 0.76. The business has a fifty day simple moving average of $48.05 and a 200 day simple moving average of $36.30.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, November 3rd. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. Varonis Systems had a negative return on equity of 22.20% and a negative net margin of 21.38%. The business had revenue of $189.46 million during the quarter, compared to analyst estimates of $186.74 million. During the same period in the previous year, the firm earned $0.06 EPS. Varonis Systems’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, equities analysts expect that Varonis Systems, Inc. will post -0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. TD Cowen cut shares of Varonis Systems from a “buy” rating to a “hold” rating and decreased their price objective for the company from $56.00 to $49.75 in a report on Friday, October 16th. B. Riley Financial lowered shares of Varonis Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, October 16th. DA Davidson lowered shares of Varonis Systems from a “buy” rating to a “neutral” rating and cut their target price for the stock from $55.00 to $49.75 in a report on Friday, October 16th. Yorkville Ives began coverage on shares of Varonis Systems in a research report on Monday, October 5th. They set an “in-line” rating and a $50.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Varonis Systems from $39.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Four analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Varonis Systems presently has an average rating of “Hold” and an average price target of $50.39.

Varonis Systems Profile

Varonis Systems, Inc. develops cybersecurity software focused on protecting organizations’ data. Its platform helps businesses discover and classify sensitive information, manage access, identify potential threats, and remediate security risks across cloud and on-premises environments. The company’s offerings include data security, identity security, and threat-detection capabilities. They are designed to help organizations protect information in systems such as Microsoft 365, cloud infrastructure, and other business applications.