Chicago Equity Partners LLC bought a new position in Varonis Systems, Inc. (NASDAQ:VRNS) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 80,595 shares of the technology company’s stock, valued at approximately $2,998,000. Chicago Equity Partners LLC owned 0.30% of Varonis Systems at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Emerald Advisers Inc. PA lifted its position in shares of Varonis Systems by 4.6% in the 2nd quarter. Emerald Advisers Inc. PA now owns 757,430 shares of the technology company’s stock worth $28,176,000 after purchasing an additional 33,185 shares during the period. Vanguard Group Inc. lifted its position in shares of Varonis Systems by 30.4% in the 1st quarter. Vanguard Group Inc. now owns 744,340 shares of the technology company’s stock worth $23,670,000 after purchasing an additional 173,332 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Varonis Systems by 355.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 633,852 shares of the technology company’s stock worth $23,579,000 after purchasing an additional 494,824 shares during the period. Emerald Mutual Fund Advisers Trust lifted its position in shares of Varonis Systems by 4.9% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 580,463 shares of the technology company’s stock worth $21,593,000 after purchasing an additional 27,248 shares during the period. Finally, Penserra Capital Management LLC lifted its position in shares of Varonis Systems by 14,598.8% in the 1st quarter. Penserra Capital Management LLC now owns 559,142 shares of the technology company’s stock worth $17,780,000 after purchasing an additional 555,338 shares during the period. 82.41% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on VRNS shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $44.00 target price (up from $40.00) on shares of Varonis Systems in a research report on Friday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 target price (up from $38.00) on shares of Varonis Systems in a research report on Monday, May 8th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $42.00 target price on shares of Varonis Systems in a research report on Thursday, July 20th. Jefferies Group LLC reissued a “buy” rating and set a $45.00 price target (up from $41.00) on shares of Varonis Systems in a research report on Friday, August 4th. Finally, Zacks Investment Research raised shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Thursday, August 10th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Varonis Systems presently has an average rating of “Buy” and an average target price of $42.60.

Shares of Varonis Systems, Inc. (VRNS) opened at 38.70 on Tuesday. The firm’s 50-day moving average is $37.97 and its 200-day moving average is $34.13. The company’s market capitalization is $1.06 billion. Varonis Systems, Inc. has a 1-year low of $24.45 and a 1-year high of $40.00.

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

In related news, CFO Guy Melamed sold 5,074 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $37.50, for a total value of $190,275.00. Following the transaction, the chief financial officer now owns 98,991 shares in the company, valued at approximately $3,712,162.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Yakov Faitelson sold 56,085 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $37.04, for a total transaction of $2,077,388.40. Following the completion of the transaction, the chief executive officer now owns 397,083 shares in the company, valued at approximately $14,707,954.32. The disclosure for this sale can be found here. Insiders sold a total of 326,081 shares of company stock valued at $12,392,721 over the last ninety days. 19.50% of the stock is currently owned by insiders.

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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, Data 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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