Great West Life Assurance Co. Can grew its holdings in Varonis Systems Inc (NASDAQ:VRNS) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,871 shares of the technology company’s stock after purchasing an additional 1,247 shares during the quarter. Great West Life Assurance Co. Can owned 0.19% of Varonis Systems worth $4,099,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its position in shares of Varonis Systems by 3.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 28,491 shares of the technology company’s stock worth $1,724,000 after buying an additional 835 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Varonis Systems by 4.5% during the 1st quarter. Allianz Asset Management GmbH now owns 41,172 shares of the technology company’s stock worth $2,491,000 after buying an additional 1,762 shares during the last quarter. Swiss National Bank lifted its position in shares of Varonis Systems by 7.7% during the 1st quarter. Swiss National Bank now owns 26,518 shares of the technology company’s stock worth $1,604,000 after buying an additional 1,900 shares during the last quarter. Brinker Capital Inc. lifted its position in shares of Varonis Systems by 37.9% during the 1st quarter. Brinker Capital Inc. now owns 6,987 shares of the technology company’s stock worth $423,000 after buying an additional 1,921 shares during the last quarter. Finally, Congress Asset Management Co. MA lifted its position in shares of Varonis Systems by 3.8% during the 2nd quarter. Congress Asset Management Co. MA now owns 53,306 shares of the technology company’s stock worth $3,971,000 after buying an additional 1,951 shares during the last quarter. 82.84% of the stock is owned by institutional investors and hedge funds.

Shares of Varonis Systems stock opened at $76.20 on Thursday. The firm has a market capitalization of $2.18 billion, a PE ratio of -151.50 and a beta of 0.73. Varonis Systems Inc has a 12 month low of $39.20 and a 12 month high of $83.10.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Monday, July 30th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The business had revenue of $62.19 million during the quarter, compared to analyst estimates of $62.20 million. Varonis Systems had a negative net margin of 10.52% and a negative return on equity of 23.77%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) earnings per share. analysts predict that Varonis Systems Inc will post -0.93 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on VRNS. Jefferies Financial Group restated a “buy” rating and set a $92.00 price objective on shares of Varonis Systems in a research report on Friday, July 20th. BidaskClub upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 11th. Barclays reduced their price objective on shares of Varonis Systems from $79.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 31st. Royal Bank of Canada restated an “outperform” rating and set a $85.00 price objective on shares of Varonis Systems in a research report on Monday, July 30th. Finally, Needham & Company LLC boosted their price objective on shares of Varonis Systems to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 17th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Varonis Systems has an average rating of “Buy” and an average price target of $73.87.

In other news, CFO Guy Melamed sold 844 shares of Varonis Systems stock in a transaction on Friday, August 31st. The shares were sold at an average price of $72.35, for a total value of $61,063.40. Following the transaction, the chief financial officer now directly owns 130,212 shares of the company’s stock, valued at approximately $9,420,838.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas F. Mendoza bought 1,688 shares of the business’s stock in a transaction dated Thursday, August 2nd. The stock was acquired at an average cost of $59.58 per share, for a total transaction of $100,571.04. Following the completion of the acquisition, the director now directly owns 22,511 shares in the company, valued at $1,341,205.38. The disclosure for this purchase can be found here. Insiders own 4.20% of the company’s stock.

Varonis Systems Company Profile

Varonis Systems, Inc provides software solutions that protect data from insider threats and cyberattacks. The company, through its software, allows organizations to protect data stored on premises and on cloud, such as sensitive files and emails; confidential customer, patient and employee data; financial records; strategic and product plans; and other intellectual property.

Read More: Leveraged Buyout (LBO) Explained

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

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