Stephens Investment Management Group LLC Sells 6,066 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Stephens Investment Management Group LLC lowered its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,398,777 shares of the technology company’s stock after selling 6,066 shares during the period. Stephens Investment Management Group LLC owned approximately 1.24% of Varonis Systems worth $62,148,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC raised its position in shares of Varonis Systems by 445.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock valued at $29,000 after buying an additional 423 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Varonis Systems by 29.5% during the 4th quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company’s stock valued at $118,000 after buying an additional 603 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Varonis Systems by 5,550.0% in the third quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company’s stock worth $140,000 after buying an additional 2,442 shares in the last quarter. KBC Group NV grew its position in Varonis Systems by 25.5% during the third quarter. KBC Group NV now owns 3,263 shares of the technology company’s stock valued at $184,000 after acquiring an additional 663 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Varonis Systems in the 3rd quarter worth approximately $184,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Analyst Ratings Changes

VRNS has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group dropped their price objective on Varonis Systems from $60.00 to $50.00 and set a “hold” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company decreased their target price on shares of Varonis Systems from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. raised 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. Finally, UBS Group upped their price objective on shares of Varonis Systems from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.38.

Varonis Systems Stock Up 1.4 %

Shares of NASDAQ:VRNS opened at $40.59 on Friday. Varonis Systems, Inc. has a 12-month low of $39.62 and a 12-month high of $60.58. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of -47.20 and a beta of 0.83. The stock has a fifty day simple moving average of $45.68 and a two-hundred day simple moving average of $51.18. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.05.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.24). Varonis Systems had a negative return on equity of 20.45% and a negative net margin of 17.38%. On average, research analysts anticipate that Varonis Systems, Inc. will post -0.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Guy Melamed sold 91,345 shares of Varonis Systems stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 in the company, valued at $27,096,912.60. The trade was a 15.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by company insiders.

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.