Kiwi Wealth Investments Limited Partnership grew its holdings in shares of Varonis Systems Inc (NASDAQ:VRNS) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,658 shares of the technology company’s stock after buying an additional 5,495 shares during the period. Kiwi Wealth Investments Limited Partnership owned 0.13% of Varonis Systems worth $2,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NumerixS Investment Technologies Inc raised its holdings in shares of Varonis Systems by 257.1% during the fourth quarter. NumerixS Investment Technologies Inc now owns 2,500 shares of the technology company’s stock valued at $133,000 after buying an additional 1,800 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Varonis Systems during the third quarter valued at approximately $243,000. United Services Automobile Association raised its holdings in shares of Varonis Systems by 27.0% during the third quarter. United Services Automobile Association now owns 4,243 shares of the technology company’s stock valued at $311,000 after buying an additional 902 shares during the last quarter. AlphaCrest Capital Management LLC bought a new stake in shares of Varonis Systems during the fourth quarter valued at approximately $302,000. Finally, Xact Kapitalforvaltning AB raised its holdings in shares of Varonis Systems by 26.1% during the fourth quarter. Xact Kapitalforvaltning AB now owns 5,800 shares of the technology company’s stock valued at $307,000 after buying an additional 1,200 shares during the last quarter. 86.19% of the stock is currently owned by institutional investors.

VRNS has been the topic of several recent analyst reports. UBS Group dropped their target price on Varonis Systems from $80.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday, February 12th. JMP Securities cut Varonis Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 12th. Craig Hallum cut Varonis Systems from a “buy” rating to a “hold” rating and dropped their target price for the stock from $68.00 to $49.70 in a report on Tuesday, February 12th. Benchmark cut Varonis Systems from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, Stifel Nicolaus cut Varonis Systems from a “buy” rating to a “hold” rating and dropped their target price for the stock from $75.00 to $52.00 in a report on Tuesday, February 12th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Varonis Systems has a consensus rating of “Buy” and an average price target of $67.48.

In other news, CEO Yakov Faitelson sold 30,000 shares of the business’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $54.72, for a total transaction of $1,641,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.20% of the company’s stock.

Shares of Varonis Systems stock traded down $0.02 on Thursday, hitting $60.39. 311 shares of the company traded hands, compared to its average volume of 507,663. Varonis Systems Inc has a 12-month low of $48.67 and a 12-month high of $83.10. The stock has a market cap of $1.84 billion, a P/E ratio of -61.35 and a beta of 0.96.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Monday, February 11th. The technology company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.09 by $0.11. Varonis Systems had a negative net margin of 10.57% and a negative return on equity of 24.02%. The business had revenue of $87.52 million for the quarter, compared to analysts’ expectations of $87.33 million. On average, research analysts anticipate that Varonis Systems Inc will post -1.16 earnings per share for the current year.

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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.

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

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