Varonis Systems, Inc. (NASDAQ:VRNS) Position Lifted by Swiss National Bank

Swiss National Bank raised its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 16.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,618 shares of the technology company’s stock after acquiring an additional 3,500 shares during the quarter. Swiss National Bank owned about 0.09% of Varonis Systems worth $916,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its stake in Varonis Systems by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 31,268 shares of the technology company’s stock valued at $994,000 after acquiring an additional 373 shares during the last quarter. American International Group Inc. lifted its stake in shares of Varonis Systems by 7.1% in the first quarter. American International Group Inc. now owns 6,588 shares of the technology company’s stock worth $209,000 after buying an additional 437 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Varonis Systems by 39.6% in the second quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock worth $159,000 after buying an additional 1,223 shares during the last quarter. Trexquant Investment LP lifted its stake in shares of Varonis Systems by 10.2% in the second quarter. Trexquant Investment LP now owns 15,895 shares of the technology company’s stock worth $591,000 after buying an additional 1,476 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Varonis Systems by 7.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 51,147 shares of the technology company’s stock worth $1,627,000 after buying an additional 3,591 shares during the last quarter. Hedge funds and other institutional investors own 82.48% of the company’s stock.

A number of brokerages have recently weighed in on VRNS. Royal Bank Of Canada restated a “buy” rating and issued a $44.00 price objective on shares of Varonis Systems in a research note on Wednesday, October 18th. Zacks Investment Research cut shares of Varonis Systems from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Stifel Nicolaus restated a “buy” rating and issued a $48.00 price objective (up from $44.00) on shares of Varonis Systems in a research note on Monday, September 11th. Jefferies Group LLC restated a “buy” rating and issued a $45.00 price objective on shares of Varonis Systems in a research note on Thursday, September 7th. Finally, BidaskClub upgraded shares of Varonis Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Varonis Systems has a consensus rating of “Buy” and an average target price of $43.20.

In other news, Director Gili Iohan sold 50,000 shares of Varonis Systems stock in a transaction on Friday, September 8th. The stock was sold at an average price of $39.32, for a total transaction of $1,966,000.00. Following the completion of the sale, the director now owns 59,650 shares of the company’s stock, valued at $2,345,438. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Guy Melamed sold 6,562 shares of Varonis Systems stock in a transaction on Friday, August 4th. The stock was sold at an average price of $39.50, for a total value of $259,199.00. Following the sale, the chief financial officer now directly owns 104,653 shares of the company’s stock, valued at approximately $4,133,793.50. The disclosure for this sale can be found here. Insiders have sold a total of 465,615 shares of company stock valued at $19,092,629 in the last ninety days. Insiders own 19.50% of the company’s stock.

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Varonis Systems, Inc. (NASDAQ VRNS) opened at 44.25 on Friday. Varonis Systems, Inc. has a 12 month low of $24.45 and a 12 month high of $45.20. The company’s 50-day moving average is $42.29 and its 200-day moving average is $37.71. The company’s market cap is $1.22 billion.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. Varonis Systems had a negative return on equity of 20.94% and a negative net margin of 9.03%. The business had revenue of $50.20 million during the quarter, compared to the consensus estimate of $47.50 million. During the same quarter last year, the firm posted ($0.12) EPS. The company’s quarterly revenue was up 30.1% on a year-over-year basis. On average, equities research analysts anticipate that Varonis Systems, Inc. will post $0.09 earnings per share for the current year.

Varonis Systems Profile

Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.

Institutional Ownership by Quarter for Varonis Systems (NASDAQ:VRNS)

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