Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,136 shares of the technology company’s stock after selling 1,554 shares during the quarter. Dimensional Fund Advisors LP owned 0.05% of Varonis Systems worth $2,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Varonis Systems by 16.9% in the fourth quarter. BlackRock Inc. now owns 2,836,345 shares of the technology company’s stock valued at $464,053,000 after purchasing an additional 409,367 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Varonis Systems by 966.5% during the fourth quarter. Alliancebernstein L.P. now owns 477,486 shares of the technology company’s stock valued at $78,121,000 after buying an additional 432,716 shares during the period. Norges Bank purchased a new position in Varonis Systems during the fourth quarter worth approximately $53,167,000. Stephens Investment Management Group LLC raised its stake in Varonis Systems by 73.6% during the fourth quarter. Stephens Investment Management Group LLC now owns 317,144 shares of the technology company’s stock worth $51,888,000 after purchasing an additional 134,489 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Varonis Systems by 27.6% in the fourth quarter. Renaissance Technologies LLC now owns 288,600 shares of the technology company’s stock worth $47,218,000 after acquiring an additional 62,502 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

In other news, CEO Yakov Faitelson sold 1,571 shares of the business’s stock in a transaction that occurred on Tuesday, June 1st. The stock was sold at an average price of $47.94, for a total transaction of $75,313.74. Following the completion of the sale, the chief executive officer now owns 578,209 shares in the company, valued at $27,719,339.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Gilad Raz sold 1,122 shares of the business’s stock in a transaction that occurred on Tuesday, June 1st. The shares were sold at an average price of $47.94, for a total value of $53,788.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,657 shares of company stock worth $5,034,207. 1.80% of the stock is owned by insiders.

A number of research firms recently weighed in on VRNS. Jefferies Financial Group lowered their price target on shares of Varonis Systems from $83.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, May 18th. They noted that the move was a valuation call. Berenberg Bank upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $84.33 price objective on the stock in a research report on Thursday, February 18th. FBN Securities started coverage on shares of Varonis Systems in a research note on Tuesday, April 6th. They set an “outperform” rating and a $65.00 target price on the stock. UBS Group assumed coverage on shares of Varonis Systems in a research note on Tuesday, March 30th. They issued a “buy” rating and a $62.00 price objective on the stock. Finally, Cowen initiated coverage on shares of Varonis Systems in a research report on Wednesday, May 26th. They issued an “outperform” rating and a $55.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $63.11.

Shares of NASDAQ VRNS opened at $51.42 on Friday. Varonis Systems, Inc. has a 52 week low of $27.54 and a 52 week high of $75.33. The company has a quick ratio of 5.02, a current ratio of 5.02 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average of $50.61. The company has a market capitalization of $5.46 billion, a PE ratio of -50.41 and a beta of 1.14.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Sunday, May 2nd. The technology company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.05. Varonis Systems had a negative return on equity of 38.26% and a negative net margin of 31.35%. The firm had revenue of $74.79 million for the quarter, compared to analysts’ expectations of $69.02 million. During the same quarter in the previous year, the business posted ($0.56) earnings per share. The business’s revenue for the quarter was up 38.0% on a year-over-year basis. Research analysts anticipate that Varonis Systems, Inc. will post -0.77 earnings per share for the current year.

Varonis Systems Profile

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' 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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