Schwab Charles Investment Management Inc. raised its position in Varonis Systems Inc (NASDAQ:VRNS) by 15.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,441 shares of the technology company’s stock after buying an additional 16,039 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Varonis Systems were worth $8,973,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of Varonis Systems during the 1st quarter worth approximately $159,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Varonis Systems during the 2nd quarter worth approximately $260,000. Atria Investments LLC purchased a new stake in shares of Varonis Systems during the 2nd quarter worth approximately $266,000. Amalgamated Bank purchased a new stake in shares of Varonis Systems during the 2nd quarter worth approximately $316,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Varonis Systems during the 2nd quarter worth approximately $343,000. Hedge funds and other institutional investors own 82.84% of the company’s stock.

VRNS opened at $74.00 on Wednesday. The company has a market capitalization of $2.08 billion, a P/E ratio of -148.00 and a beta of 0.73. Varonis Systems Inc has a 12 month low of $41.00 and a 12 month high of $83.10.

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

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

VRNS has been the subject of several research analyst reports. Barclays raised their price target on shares of Varonis Systems from $67.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 12th. Needham & Company LLC raised their price target on shares of Varonis Systems to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. Jefferies Financial Group restated a “buy” rating and set a $92.00 price target on shares of Varonis Systems in a research note on Friday, July 20th. Stifel Nicolaus restated a “buy” rating and set a $75.00 price target (down previously from $85.00) on shares of Varonis Systems in a research note on Tuesday, July 31st. Finally, TheStreet lowered shares of Varonis Systems from a “c” rating to a “d+” rating in a research note on Tuesday, July 31st. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $74.53.

Varonis Systems 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.

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

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