Quantbot Technologies LP Purchases 43,258 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Quantbot Technologies LP lifted its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 61.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,671 shares of the technology company’s stock after purchasing an additional 43,258 shares during the quarter. Quantbot Technologies LP owned 0.10% of Varonis Systems worth $6,422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VRNS. EFG Asset Management North America Corp. lifted its position in Varonis Systems by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 45,469 shares of the technology company’s stock valued at $2,181,000 after acquiring an additional 216 shares during the period. O Neil Global Advisors Inc. raised its holdings in Varonis Systems by 4.8% during the second quarter. O Neil Global Advisors Inc. now owns 4,775 shares of the technology company’s stock valued at $229,000 after acquiring an additional 220 shares during the period. Hanseatic Management Services Inc. boosted its position in shares of Varonis Systems by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 16,051 shares of the technology company’s stock worth $770,000 after acquiring an additional 275 shares during the last quarter. Xponance Inc. increased its stake in Varonis Systems by 5.6% in the 2nd quarter. Xponance Inc. now owns 6,975 shares of the technology company’s stock worth $335,000 after acquiring an additional 367 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Varonis Systems by 3.5% in the 2nd quarter. Natixis Advisors LLC now owns 11,925 shares of the technology company’s stock valued at $572,000 after acquiring an additional 401 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on VRNS. JPMorgan Chase & Co. upped their price target on shares of Varonis Systems from $59.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Wedbush restated an “outperform” rating and issued a $67.00 target price on shares of Varonis Systems in a research note on Monday, August 26th. TD Cowen upped their price objective on Varonis Systems from $54.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Baird R W raised Varonis Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $65.00 price target on shares of Varonis Systems in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.67.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $53.70, for a total value of $4,905,226.50. Following the completion of the sale, the chief financial officer now directly owns 504,598 shares of the company’s stock, valued at $27,096,912.60. This trade represents a 15.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman James O’boyle sold 50,000 shares of Varonis Systems stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $59.76, for a total transaction of $2,988,000.00. Following the completion of the transaction, the insider now owns 444,114 shares of the company’s stock, valued at $26,540,252.64. This represents a 10.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

Varonis Systems Trading Up 0.2 %

Shares of NASDAQ:VRNS opened at $50.11 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.81 and a quick ratio of 1.81. Varonis Systems, Inc. has a 1 year low of $39.67 and a 1 year high of $60.58. The company has a market capitalization of $5.64 billion, a P/E ratio of -66.81 and a beta of 0.82. The business’s 50 day simple moving average is $54.91 and its 200 day simple moving average is $50.92.

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