Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by Bamco Inc. NY

Bamco Inc. NY lowered its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 18.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 793,539 shares of the technology company’s stock after selling 180,000 shares during the quarter. Bamco Inc. NY’s holdings in Varonis Systems were worth $37,431,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Natixis Advisors L.P. raised its stake in Varonis Systems by 3.7% during the fourth quarter. Natixis Advisors L.P. now owns 10,441 shares of the technology company’s stock valued at $472,000 after buying an additional 370 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Varonis Systems by 87.2% during the 4th quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company’s stock worth $42,000 after purchasing an additional 429 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Varonis Systems by 12.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,713 shares of the technology company’s stock worth $364,000 after purchasing an additional 865 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Varonis Systems during the 1st quarter worth approximately $63,000. Finally, NBC Securities Inc. acquired a new stake in shares of Varonis Systems during the 1st quarter worth approximately $68,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VRNS shares. JPMorgan Chase & Co. upgraded Varonis Systems from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $50.00 to $54.00 in a research report on Friday, June 14th. Royal Bank of Canada increased their price target on Varonis Systems from $56.00 to $58.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Robert W. Baird increased their price target on Varonis Systems from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday. Barclays increased their price target on Varonis Systems from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Varonis Systems in a research report on Monday, May 13th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.56.

Varonis Systems Price Performance

NASDAQ VRNS traded up $1.56 on Friday, reaching $48.47. 1,536,255 shares of the stock traded hands, compared to its average volume of 1,151,249. The firm’s fifty day simple moving average is $45.38 and its 200 day simple moving average is $46.33. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.55. The company has a market cap of $5.40 billion, a price-to-earnings ratio of -51.56 and a beta of 0.83. Varonis Systems, Inc. has a 12 month low of $27.37 and a 12 month high of $52.88.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Monday, May 6th. The technology company reported ($0.37) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.37). The firm had revenue of $114.02 million during the quarter, compared to analyst estimates of $113.81 million. Varonis Systems had a negative return on equity of 21.33% and a negative net margin of 20.38%. As a group, research analysts predict that Varonis Systems, Inc. will post -0.97 EPS for the current fiscal year.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, CEO Yakov Faitelson sold 284,211 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $45.23, for a total transaction of $12,854,863.53. Following the completion of the transaction, the chief executive officer now directly owns 1,452,922 shares of the company’s stock, valued at approximately $65,715,662.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

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.