New York State Common Retirement Fund lessened its stake in Varonis Systems, Inc. (NASDAQ:VRNS – Get Rating) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,478 shares of the technology company’s stock after selling 14,275 shares during the quarter. New York State Common Retirement Fund owned 0.17% of Varonis Systems worth $9,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in Varonis Systems by 7.3% in the 3rd quarter. Alliancebernstein L.P. now owns 4,405,469 shares of the technology company’s stock worth $268,073,000 after buying an additional 299,741 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Varonis Systems by 328.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 366,685 shares of the technology company’s stock valued at $17,887,000 after purchasing an additional 281,103 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Varonis Systems by 11.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,599,203 shares of the technology company’s stock valued at $158,161,000 after purchasing an additional 264,741 shares during the period. Macquarie Group Ltd. grew its stake in shares of Varonis Systems by 6.6% during the 3rd quarter. Macquarie Group Ltd. now owns 3,754,476 shares of the technology company’s stock valued at $228,460,000 after purchasing an additional 232,993 shares during the period. Finally, CastleArk Alternatives LLC bought a new stake in shares of Varonis Systems during the 3rd quarter valued at about $13,713,000. 97.47% of the stock is owned by hedge funds and other institutional investors.
VRNS has been the subject of a number of recent research reports. Zacks Investment Research downgraded Varonis Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 12th. Jefferies Financial Group initiated coverage on Varonis Systems in a research note on Monday, April 18th. They set a “buy” rating and a $65.00 price target for the company. JMP Securities restated a “buy” rating and set a $73.00 price target on shares of Varonis Systems in a research note on Tuesday, February 8th. StockNews.com began coverage on Varonis Systems in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Barclays boosted their price objective on Varonis Systems from $47.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $62.46.
Varonis Systems (NASDAQ:VRNS – Get Rating) last issued its quarterly earnings data on Monday, February 7th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.09). The firm had revenue of $126.60 million for the quarter, compared to analysts’ expectations of $121.95 million. Varonis Systems had a negative return on equity of 17.48% and a negative net margin of 29.95%. The firm’s revenue was up 33.0% on a year-over-year basis. During the same period last year, the company earned ($0.07) earnings per share. On average, analysts forecast that Varonis Systems, Inc. will post -0.76 EPS for the current fiscal year.
In other news, Director Ofer Segev sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $45.38, for a total transaction of $68,070.00. Following the transaction, the director now owns 71,802 shares of the company’s stock, valued at approximately $3,258,374.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Den Bosch Fred Van sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $50.00, for a total value of $150,000.00. Following the transaction, the director now directly owns 116,945 shares in the company, valued at approximately $5,847,250. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.
About Varonis Systems (Get Rating)
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; strategic and product plans; and other intellectual property.
- Get a free copy of the StockNews.com research report on Varonis Systems (VRNS)
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