Varonis Systems, Inc. (VRNS) Shares Bought by Vanguard Group Inc.
Vanguard Group Inc. increased its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 11.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 826,449 shares of the technology company’s stock after purchasing an additional 82,109 shares during the period. Vanguard Group Inc. owned 3.04% of Varonis Systems worth $30,744,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in Varonis Systems in the 2nd quarter worth approximately $122,000. Fortaleza Asset Management Inc. purchased a new position in Varonis Systems in the 2nd quarter worth approximately $151,000. Legal & General Group Plc lifted its holdings in Varonis Systems by 39.6% in the 2nd quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock worth $159,000 after purchasing an additional 1,223 shares in the last quarter. Adams Street Partners LLC bought a new stake in Varonis Systems in the 2nd quarter worth approximately $163,000. Finally, Van ECK Associates Corp increased its stake in Varonis Systems by 5.9% in the 2nd quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock worth $197,000 after acquiring an additional 296 shares during the last quarter. 81.96% of the stock is currently owned by institutional investors.
Varonis Systems, Inc. (NASDAQ VRNS) opened at $48.80 on Friday. Varonis Systems, Inc. has a 12-month low of $24.75 and a 12-month high of $51.70.
Varonis Systems (NASDAQ:VRNS) last released its earnings results on Thursday, November 2nd. The technology company reported $0.06 earnings per share for the quarter. The firm had revenue of $53.60 million for the quarter, compared to the consensus estimate of $50.53 million. Varonis Systems had a negative return on equity of 18.97% and a negative net margin of 7.91%. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.03) EPS. equities analysts forecast that Varonis Systems, Inc. will post -0.53 EPS for the current year.
A number of analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating on shares of Varonis Systems in a research note on Friday, November 3rd. Jefferies Group LLC lifted their price objective on Varonis Systems from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research raised Varonis Systems from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Thursday, November 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Varonis Systems in a research note on Wednesday, October 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $48.00 price objective (up previously from $44.00) on shares of Varonis Systems in a research note on Monday, September 11th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $44.90.
In other news, CFO Guy Melamed sold 5,355 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $48.00, for a total transaction of $257,040.00. Following the transaction, the chief financial officer now owns 95,491 shares of the company’s stock, valued at approximately $4,583,568. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ohad Korkus sold 21,990 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $40.01, for a total value of $879,819.90. Following the transaction, the insider now directly owns 192,618 shares in the company, valued at approximately $7,706,646.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 465,013 shares of company stock worth $19,116,878. Corporate insiders own 19.50% of the company’s stock.
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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, Interface Data Unit 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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