Mondrian Capital Management LLC Sells 52,500 Shares of Varonis Systems Inc (NASDAQ:VRNS)

Mondrian Capital Management LLC lowered its stake in shares of Varonis Systems Inc (NASDAQ:VRNS) by 43.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,500 shares of the technology company’s stock after selling 52,500 shares during the quarter. Varonis Systems makes up approximately 2.0% of Mondrian Capital Management LLC’s portfolio, making the stock its 23rd largest holding. Mondrian Capital Management LLC’s holdings in Varonis Systems were worth $4,181,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of VRNS. Wealthcare Advisory Partners LLC bought a new position in Varonis Systems during the first quarter valued at about $83,000. Amundi Pioneer Asset Management Inc. bought a new position in Varonis Systems during the first quarter valued at about $131,000. Aperio Group LLC bought a new position in Varonis Systems during the second quarter valued at about $192,000. Northeast Financial Consultants Inc bought a new position in Varonis Systems during the first quarter valued at about $209,000. Finally, Capital Management Associates NY bought a new position in Varonis Systems during the first quarter valued at about $298,000. Institutional investors own 88.74% of the company’s stock.

Varonis Systems stock traded up $1.37 on Friday, hitting $69.54. 13,518 shares of the stock traded hands, compared to its average volume of 434,273. The firm has a market cap of $2.07 billion, a P/E ratio of -71.24 and a beta of 0.92. The business’s fifty day simple moving average is $67.32 and its 200 day simple moving average is $63.48. Varonis Systems Inc has a 1 year low of $48.67 and a 1 year high of $80.00.



VRNS has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Varonis Systems from $71.00 to $81.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Benchmark upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Zacks Investment Research upgraded shares of Varonis Systems from a “sell” rating to a “hold” rating in a report on Friday, June 28th. ValuEngine upgraded shares of Varonis Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Wedbush raised their target price on shares of Varonis Systems from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $74.00.

In other news, SVP James O’boyle sold 15,000 shares of Varonis Systems stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $77.30, for a total value of $1,159,500.00. Following the completion of the transaction, the senior vice president now owns 101,379 shares of the company’s stock, valued at approximately $7,836,596.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ohad Korkus sold 6,861 shares of Varonis Systems stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $80.00, for a total value of $548,880.00. Following the completion of the transaction, the director now directly owns 29,013 shares of the company’s stock, valued at approximately $2,321,040. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.

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.

Further Reading: Rule of 72

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.