Jacobs Levy Equity Management Inc. increased its position in shares of Varonis Systems Inc (NASDAQ:VRNS) by 34.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 168,976 shares of the technology company’s stock after purchasing an additional 43,670 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Varonis Systems were worth $10,076,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in VRNS. Jackson Square Partners LLC raised its stake in shares of Varonis Systems by 9.4% in the first quarter. Jackson Square Partners LLC now owns 1,386,551 shares of the technology company’s stock valued at $82,680,000 after acquiring an additional 119,454 shares during the last quarter. Northeast Financial Consultants Inc bought a new position in Varonis Systems in the 1st quarter worth approximately $209,000. Trexquant Investment LP raised its position in Varonis Systems by 52.8% in the 1st quarter. Trexquant Investment LP now owns 17,643 shares of the technology company’s stock worth $1,052,000 after purchasing an additional 6,095 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in Varonis Systems in the 1st quarter worth approximately $83,000. Finally, Soma Equity Partners LP bought a new position in Varonis Systems in the 1st quarter worth approximately $35,778,000. 89.57% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently weighed in on VRNS. Zacks Investment Research upgraded shares of Varonis Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 25th. BidaskClub cut shares of Varonis Systems from a “buy” rating to a “hold” rating in a research report on Friday, June 7th. Jefferies Financial Group boosted their price objective on shares of Varonis Systems from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, DA Davidson boosted their price objective on shares of Varonis Systems to $70.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $71.52.

In other Varonis Systems news, EVP David Bass sold 42,416 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $72.54, for a total transaction of $3,076,856.64. Following the completion of the sale, the executive vice president now owns 202,833 shares in the company, valued at approximately $14,713,505.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Shares of Varonis Systems stock opened at $61.50 on Friday. Varonis Systems Inc has a 52 week low of $48.67 and a 52 week high of $82.90.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Monday, April 29th. The technology company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.04). The business had revenue of $56.40 million for the quarter, compared to the consensus estimate of $59.36 million. Varonis Systems had a negative net margin of 13.24% and a negative return on equity of 30.00%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.22) EPS. Equities research analysts forecast that Varonis Systems Inc will post -1.75 earnings per share for the current fiscal year.

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Varonis Systems Company Profile

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.

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Institutional Ownership by Quarter for Varonis Systems (NASDAQ:VRNS)

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