Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 41.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,400 shares of the technology company’s stock after selling 29,938 shares during the quarter. Edgestream Partners L.P.’s holdings in Varonis Systems were worth $2,000,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VRNS. Quadrant Capital Group LLC grew its holdings in Varonis Systems by 87.2% during the fourth quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company’s stock worth $42,000 after acquiring an additional 429 shares during the period. Fidelis Capital Partners LLC bought a new stake in Varonis Systems in the 1st quarter valued at $63,000. NBC Securities Inc. acquired a new position in Varonis Systems in the 1st quarter valued at approximately $68,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Varonis Systems during the fourth quarter worth $77,000. Finally, International Assets Investment Management LLC raised its position in Varonis Systems by 1,779.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,992 shares of the technology company’s stock worth $90,000 after purchasing an additional 1,886 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Yakov Faitelson sold 284,211 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $45.23, for a total value of $12,854,863.53. Following the transaction, the chief executive officer now directly owns 1,452,922 shares of the company’s stock, valued at $65,715,662.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on VRNS shares. Robert W. Baird upped their price objective on shares of Varonis Systems from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Needham & Company LLC reissued a “hold” rating on shares of Varonis Systems in a research note on Monday, May 13th. Royal Bank of Canada lifted their price target on shares of Varonis Systems from $56.00 to $58.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. upgraded shares of Varonis Systems from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $50.00 to $54.00 in a report on Friday, June 14th. Finally, Barclays boosted their target price on shares of Varonis Systems from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Varonis Systems presently has an average rating of “Moderate Buy” and a consensus price target of $50.44.

Varonis Systems Trading Up 0.7 %

NASDAQ:VRNS traded up $0.33 during trading hours on Monday, reaching $47.30. The stock had a trading volume of 1,188,732 shares, compared to its average volume of 1,229,376. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.38 and a current ratio of 2.38. Varonis Systems, Inc. has a 52 week low of $25.97 and a 52 week high of $52.88. The company has a 50 day moving average price of $45.03 and a two-hundred day moving average price of $46.20.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Monday, May 6th. The technology company reported ($0.37) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.37). The firm had revenue of $114.02 million during the quarter, compared to analyst estimates of $113.81 million. Varonis Systems had a negative return on equity of 21.33% and a negative net margin of 20.38%. As a group, equities analysts forecast that Varonis Systems, Inc. will post -0.97 EPS for the current fiscal year.

Varonis Systems Company Profile

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, 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; source code, strategic and product plans; and other intellectual property.