California Public Employees Retirement System lifted its position in Varonis Systems Inc (NASDAQ:VRNS) by 24.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,636 shares of the technology company’s stock after purchasing an additional 10,836 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of Varonis Systems worth $2,653,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its position in shares of Varonis Systems by 35.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 91,095 shares of the technology company’s stock valued at $3,817,000 after purchasing an additional 24,049 shares during the period. Jane Street Group LLC acquired a new stake in shares of Varonis Systems in the 3rd quarter valued at about $1,267,000. Convergence Investment Partners LLC acquired a new stake in shares of Varonis Systems in the 4th quarter valued at about $1,666,000. Bank of New York Mellon Corp boosted its position in shares of Varonis Systems by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 367,787 shares of the technology company’s stock valued at $15,412,000 after purchasing an additional 14,829 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Varonis Systems by 11.8% in the 3rd quarter. Prudential Financial Inc. now owns 205,580 shares of the technology company’s stock valued at $8,614,000 after purchasing an additional 21,780 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on VRNS. Imperial Capital upped their target price on Varonis Systems from $63.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, March 14th. BidaskClub raised Varonis Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research raised Varonis Systems from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Tuesday, January 23rd. JMP Securities upped their target price on Varonis Systems from $56.00 to $58.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus upped their target price on Varonis Systems from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $58.33.
In other news, SVP James O’boyle sold 35,000 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $56.79, for a total transaction of $1,987,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yakov Faitelson sold 106,426 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $56.26, for a total value of $5,987,526.76. Following the transaction, the chief executive officer now directly owns 246,789 shares of the company’s stock, valued at $13,884,349.14. The disclosure for this sale can be found here. Insiders have sold a total of 242,134 shares of company stock valued at $13,829,741 over the last ninety days. 19.50% of the stock is owned by insiders.
Shares of VRNS stock opened at $61.60 on Wednesday. Varonis Systems Inc has a 1 year low of $26.35 and a 1 year high of $61.85. The firm has a market capitalization of $1,661.32, a P/E ratio of -118.46 and a beta of 0.81.
Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Monday, February 12th. The technology company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. Varonis Systems had a negative return on equity of 15.65% and a negative net margin of 6.30%. The company had revenue of $73.20 million during the quarter, compared to analysts’ expectations of $66.29 million. During the same period last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 34.6% on a year-over-year basis. research analysts predict that Varonis Systems Inc will post -0.77 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “Varonis Systems Inc (VRNS) Shares Bought by California Public Employees Retirement System” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/03/21/varonis-systems-inc-vrns-shares-bought-by-california-public-employees-retirement-system.html.
Varonis Systems Company 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.
Want to see what other hedge funds are holding VRNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varonis Systems Inc (NASDAQ:VRNS).
Receive News & Ratings for Varonis Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems and related companies with MarketBeat.com's FREE daily email newsletter.