Adams Street Partners LLC acquired a new position in Varonis Systems, Inc. (NASDAQ:VRNS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,384 shares of the technology company’s stock, valued at approximately $163,000. Varonis Systems makes up 0.0% of Adams Street Partners LLC’s portfolio, making the stock its 13th largest position.

A number of other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC raised its position in shares of Varonis Systems by 6.1% in the first quarter. Jennison Associates LLC now owns 1,971,574 shares of the technology company’s stock worth $62,696,000 after buying an additional 112,573 shares during the last quarter. Emerald Advisers Inc. PA raised its position in shares of Varonis Systems by 4.6% in the second quarter. Emerald Advisers Inc. PA now owns 757,430 shares of the technology company’s stock worth $28,176,000 after buying an additional 33,185 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Varonis Systems by 30.4% in the first quarter. Vanguard Group Inc. now owns 744,340 shares of the technology company’s stock worth $23,670,000 after buying an additional 173,332 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Varonis Systems by 355.9% in the second quarter. Russell Investments Group Ltd. now owns 633,852 shares of the technology company’s stock worth $23,579,000 after buying an additional 494,824 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in shares of Varonis Systems by 4.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 580,463 shares of the technology company’s stock worth $21,593,000 after buying an additional 27,248 shares during the last quarter. Institutional investors own 64.93% of the company’s stock.

Shares of Varonis Systems, Inc. (NASDAQ VRNS) opened at 37.10 on Tuesday. The firm has a 50-day moving average of $37.67 and a 200-day moving average of $33.31. The company’s market cap is $1.02 billion. Varonis Systems, Inc. has a 52-week low of $24.45 and a 52-week high of $40.00.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.09. The business had revenue of $50.20 million during the quarter, compared to analysts’ expectations of $47.50 million. Varonis Systems had a negative net margin of 9.03% and a negative return on equity of 20.94%. The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.12) earnings per share. Equities research analysts forecast that Varonis Systems, Inc. will post $0.09 earnings per share for the current year.

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VRNS has been the subject of a number of recent analyst reports. Barclays PLC boosted their price objective on shares of Varonis Systems from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Friday, August 4th. Zacks Investment Research lowered shares of Varonis Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating and issued a $45.00 price objective (up from $41.00) on shares of Varonis Systems in a report on Friday, August 4th. ValuEngine upgraded shares of Varonis Systems from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Morgan Stanley upgraded shares of Varonis Systems from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $24.00 to $35.00 in a report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. Varonis Systems presently has a consensus rating of “Buy” and an average price target of $42.60.

In other Varonis Systems news, CEO Yakov Faitelson sold 915 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $37.00, for a total value of $33,855.00. Following the completion of the transaction, the chief executive officer now owns 434,489 shares of the company’s stock, valued at $16,076,093. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Guy Melamed sold 6,562 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $39.50, for a total transaction of $259,199.00. Following the completion of the transaction, the chief financial officer now directly owns 104,653 shares of the company’s stock, valued at approximately $4,133,793.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 344,998 shares of company stock valued at $13,084,586. Corporate insiders own 19.50% of the company’s stock.

Varonis Systems Company Profile

Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Data Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.

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

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