Varonis Systems, Inc. (NASDAQ:VRNS) Shares Acquired by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. grew its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 4.3% during the 3rd quarter, Holdings Channel reports. The fund owned 16,742 shares of the technology company’s stock after purchasing an additional 691 shares during the period. Varonis Systems makes up about 1.3% of Hanseatic Management Services Inc.’s holdings, making the stock its 26th largest holding. Hanseatic Management Services Inc.’s holdings in Varonis Systems were worth $946,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Varonis Systems by 1.4% in the first quarter. Vanguard Group Inc. now owns 11,256,692 shares of the technology company’s stock valued at $530,978,000 after purchasing an additional 155,040 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Varonis Systems by 4.6% in the second quarter. Thrivent Financial for Lutherans now owns 2,874,388 shares of the technology company’s stock worth $137,885,000 after buying an additional 127,129 shares during the last quarter. William Blair Investment Management LLC grew its holdings in Varonis Systems by 1.1% during the second quarter. William Blair Investment Management LLC now owns 2,217,967 shares of the technology company’s stock worth $106,396,000 after acquiring an additional 23,231 shares during the period. Principal Financial Group Inc. grew its holdings in Varonis Systems by 8.9% during the second quarter. Principal Financial Group Inc. now owns 1,636,792 shares of the technology company’s stock worth $78,517,000 after acquiring an additional 133,109 shares during the period. Finally, Hood River Capital Management LLC raised its position in Varonis Systems by 40.8% during the first quarter. Hood River Capital Management LLC now owns 1,611,871 shares of the technology company’s stock valued at $76,032,000 after acquiring an additional 466,688 shares in the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

Insider Transactions at Varonis Systems

In related news, Vice Chairman James O’boyle sold 50,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $59.76, for a total value of $2,988,000.00. Following the completion of the sale, the insider now owns 444,114 shares of the company’s stock, valued at approximately $26,540,252.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

VRNS has been the topic of several recent research reports. Robert W. Baird upped their price objective on Varonis Systems from $60.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. TD Cowen raised their price target on shares of Varonis Systems from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Wedbush reaffirmed an “outperform” rating and issued a $67.00 price objective on shares of Varonis Systems in a report on Monday, August 26th. Truist Financial reissued a “buy” rating and set a $60.00 target price (up from $55.00) on shares of Varonis Systems in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company lifted their price target on Varonis Systems from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Varonis Systems presently has an average rating of “Moderate Buy” and an average price target of $58.75.

Varonis Systems Trading Up 4.9 %

Shares of VRNS stock opened at $53.34 on Thursday. Varonis Systems, Inc. has a fifty-two week low of $34.17 and a fifty-two week high of $60.58. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.81 and a current ratio of 1.81. The stock’s fifty day moving average is $55.53 and its two-hundred day moving average is $50.27. The firm has a market capitalization of $6.00 billion, a P/E ratio of -71.12 and a beta of 0.82.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. The firm had revenue of $148.07 million for the quarter, compared to the consensus estimate of $141.62 million. During the same period last year, the firm posted ($0.22) earnings per share. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. Research analysts expect that Varonis Systems, Inc. will post -0.73 earnings per share for the current fiscal year.

About Varonis Systems

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.