Jane Street Group LLC purchased a new stake in shares of Varonis Systems Inc (NASDAQ:VRNS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 30,240 shares of the technology company’s stock, valued at approximately $1,267,000. Jane Street Group LLC owned about 0.11% of Varonis Systems as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in VRNS. Vanguard Group Inc. raised its stake in shares of Varonis Systems by 30.4% during the first quarter. Vanguard Group Inc. now owns 744,340 shares of the technology company’s stock valued at $23,670,000 after acquiring an additional 173,332 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Varonis Systems by 4.9% during the first quarter. Geode Capital Management LLC now owns 137,106 shares of the technology company’s stock valued at $4,359,000 after acquiring an additional 6,434 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Varonis Systems during the first quarter valued at $340,000. Schwab Charles Investment Management Inc. raised its stake in shares of Varonis Systems by 7.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 51,147 shares of the technology company’s stock valued at $1,627,000 after acquiring an additional 3,591 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Varonis Systems by 26.6% during the second quarter. First Trust Advisors LP now owns 276,210 shares of the technology company’s stock valued at $10,275,000 after acquiring an additional 58,086 shares during the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Varonis Systems Inc (NASDAQ:VRNS) opened at $47.70 on Tuesday. Varonis Systems Inc has a 12-month low of $24.75 and a 12-month high of $53.60.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.06 earnings per share for the quarter. Varonis Systems had a negative net margin of 7.91% and a negative return on equity of 18.97%. The company had revenue of $53.60 million during the quarter, compared to analysts’ expectations of $50.53 million. During the same period in the prior year, the company posted ($0.03) earnings per share. Varonis Systems’s revenue for the quarter was up 31.1% compared to the same quarter last year. equities research analysts anticipate that Varonis Systems Inc will post -0.53 earnings per share for the current year.

Several equities analysts have recently issued reports on VRNS shares. Needham & Company LLC raised their price target on shares of Varonis Systems from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Royal Bank of Canada reaffirmed a “buy” rating and set a $55.00 price target on shares of Varonis Systems in a research note on Thursday, December 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $48.00 price target (up previously from $44.00) on shares of Varonis Systems in a research note on Monday, September 11th. Jefferies Group reaffirmed a “buy” rating and set a $45.00 price target on shares of Varonis Systems in a research note on Thursday, September 7th. Finally, Benchmark reaffirmed a “buy” rating and set a $60.00 price target on shares of Varonis Systems in a research note on Friday, December 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Varonis Systems currently has an average rating of “Buy” and a consensus price target of $48.82.

In other Varonis Systems news, insider Ohad Korkus sold 98,331 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $40.68, for a total value of $4,000,105.08. Following the completion of the sale, the insider now directly owns 139,108 shares in the company, valued at $5,658,913.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Guy Melamed sold 605 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.65, for a total transaction of $26,408.25. Following the completion of the sale, the chief financial officer now owns 95,491 shares of the company’s stock, valued at $4,168,182.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 694,390 shares of company stock valued at $31,285,353. 19.50% of the stock is currently owned by corporate insiders.

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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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