Integrated Wealth Concepts LLC Invests $223,000 in Varonis Systems Inc (NASDAQ:VRNS)

Integrated Wealth Concepts LLC acquired a new position in shares of Varonis Systems Inc (NASDAQ:VRNS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,737 shares of the technology company’s stock, valued at approximately $223,000.

Several other large investors have also added to or reduced their stakes in the company. Delek Group Ltd. lifted its holdings in Varonis Systems by 1.6% during the 2nd quarter. Delek Group Ltd. now owns 14,742 shares of the technology company’s stock valued at $892,000 after purchasing an additional 238 shares during the last quarter. United Services Automobile Association lifted its holdings in Varonis Systems by 7.4% during the 2nd quarter. United Services Automobile Association now owns 4,555 shares of the technology company’s stock valued at $282,000 after purchasing an additional 312 shares during the last quarter. Bank of Montreal Can lifted its holdings in Varonis Systems by 1.1% during the 2nd quarter. Bank of Montreal Can now owns 27,762 shares of the technology company’s stock valued at $1,720,000 after purchasing an additional 314 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Varonis Systems by 103.9% during the 2nd quarter. Captrust Financial Advisors now owns 736 shares of the technology company’s stock valued at $46,000 after purchasing an additional 375 shares during the last quarter. Finally, Atria Investments LLC lifted its holdings in Varonis Systems by 11.2% during the 2nd quarter. Atria Investments LLC now owns 4,857 shares of the technology company’s stock valued at $340,000 after purchasing an additional 489 shares during the last quarter. 96.80% of the stock is owned by institutional investors.

In other Varonis Systems news, EVP David Bass sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $75.19, for a total value of $225,570.00. Following the completion of the sale, the executive vice president now owns 159,500 shares in the company, valued at approximately $11,992,805. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.80% of the company’s stock.

VRNS opened at $78.11 on Friday. The stock has a market capitalization of $2.38 billion, a PE ratio of -79.70 and a beta of 0.90. Varonis Systems Inc has a 1-year low of $48.67 and a 1-year high of $80.00. The firm has a 50-day moving average price of $70.05 and a two-hundred day moving average price of $66.62.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Monday, October 28th. The technology company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.18. The firm had revenue of $65.65 million during the quarter, compared to analysts’ expectations of $61.61 million. Varonis Systems had a negative net margin of 21.42% and a negative return on equity of 49.47%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. On average, sell-side analysts expect that Varonis Systems Inc will post -2.45 EPS for the current fiscal year.

VRNS has been the subject of several analyst reports. ValuEngine downgraded shares of Varonis Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 30th. Zacks Investment Research raised shares of Varonis Systems from a “sell” rating to a “hold” rating in a report on Sunday, November 3rd. Barclays lowered their price objective on shares of Varonis Systems from $81.00 to $68.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Craig Hallum raised their price objective on shares of Varonis Systems from $75.00 to $82.00 in a research report on Tuesday, October 29th. Finally, BidaskClub upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $75.50.

Varonis Systems Company Profile

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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