New York State Common Retirement Fund boosted its stake in Varonis Systems Inc (NASDAQ:VRNS) by 4.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,800 shares of the technology company’s stock after purchasing an additional 1,100 shares during the quarter. New York State Common Retirement Fund’s holdings in Varonis Systems were worth $1,717,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in VRNS. Two Sigma Investments LP grew its holdings in Varonis Systems by 521.8% in the fourth quarter. Two Sigma Investments LP now owns 236,808 shares of the technology company’s stock valued at $12,527,000 after purchasing an additional 198,721 shares during the period. Deutsche Bank AG grew its stake in Varonis Systems by 220.0% during the fourth quarter. Deutsche Bank AG now owns 266,503 shares of the technology company’s stock worth $14,095,000 after buying an additional 183,229 shares during the period. Norges Bank purchased a new stake in Varonis Systems during the fourth quarter worth approximately $9,598,000. D. E. Shaw & Co. Inc. grew its stake in Varonis Systems by 166.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 227,818 shares of the technology company’s stock worth $12,052,000 after buying an additional 142,304 shares during the period. Finally, Candriam Luxembourg S.C.A. grew its stake in Varonis Systems by 53.5% during the first quarter. Candriam Luxembourg S.C.A. now owns 273,752 shares of the technology company’s stock worth $16,325,000 after buying an additional 95,378 shares during the period. Hedge funds and other institutional investors own 89.57% of the company’s stock.

In other news, EVP David Bass sold 42,416 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $72.54, for a total transaction of $3,076,856.64. Following the transaction, the executive vice president now directly owns 202,833 shares of the company’s stock, valued at $14,713,505.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.80% of the company’s stock.

NASDAQ VRNS opened at $61.50 on Friday. Varonis Systems Inc has a 52 week low of $48.67 and a 52 week high of $82.90.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Monday, April 29th. The technology company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.04). Varonis Systems had a negative return on equity of 30.00% and a negative net margin of 13.24%. The firm had revenue of $56.40 million for the quarter, compared to analyst estimates of $59.36 million. During the same period in the previous year, the firm posted ($0.22) earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Varonis Systems Inc will post -1.75 earnings per share for the current year.

Several research firms have issued reports on VRNS. Zacks Investment Research downgraded shares of Varonis Systems from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. BidaskClub upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Stifel Nicolaus boosted their price objective on shares of Varonis Systems from $52.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. DA Davidson boosted their price objective on shares of Varonis Systems to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group boosted their price objective on shares of Varonis Systems from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $71.52.

WARNING: “Varonis Systems Inc (NASDAQ:VRNS) Position Raised by New York State Common Retirement Fund” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/varonis-systems-inc-nasdaqvrns-position-raised-by-new-york-state-common-retirement-fund/3042335.html.

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.

Featured Article: Futures Contract

Want to see what other hedge funds are holding VRNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varonis Systems Inc (NASDAQ:VRNS).

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

Receive News & Ratings for Varonis Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems and related companies with MarketBeat.com's FREE daily email newsletter.