Altshuler Shaham Ltd acquired a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 399 shares of the technology company’s stock, valued at approximately $46,000.

Other large investors also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. purchased a new position in Varonis Systems in the first quarter valued at $131,000. Banque Cantonale Vaudoise grew its stake in Varonis Systems by 4.4% during the 2nd quarter. Banque Cantonale Vaudoise now owns 7,748 shares of the technology company’s stock valued at $686,000 after acquiring an additional 329 shares in the last quarter. First Trust Advisors LP grew its stake in Varonis Systems by 29.8% during the 2nd quarter. First Trust Advisors LP now owns 336,198 shares of the technology company’s stock valued at $29,747,000 after acquiring an additional 77,113 shares in the last quarter. Candriam Luxembourg S.C.A. grew its stake in Varonis Systems by 38.8% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 246,999 shares of the technology company’s stock valued at $21,855,000 after acquiring an additional 69,007 shares in the last quarter. Finally, Dupont Capital Management Corp grew its stake in Varonis Systems by 17.2% during the 2nd quarter. Dupont Capital Management Corp now owns 7,240 shares of the technology company’s stock valued at $641,000 after acquiring an additional 1,064 shares in the last quarter.

Shares of VRNS opened at $121.96 on Friday. Varonis Systems, Inc. has a fifty-two week low of $48.95 and a fifty-two week high of $138.75. The firm’s 50 day moving average price is $121.95 and its 200 day moving average price is $105.45. The company has a market cap of $3.87 billion, a P/E ratio of -43.10 and a beta of 1.12. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 2.74.

Varonis Systems (NASDAQ:VRNS) last announced its earnings results on Monday, October 26th. The technology company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.19. Varonis Systems had a negative net margin of 33.75% and a negative return on equity of 97.77%. The firm had revenue of $76.80 million for the quarter, compared to the consensus estimate of $69.93 million. During the same period in the prior year, the firm earned ($0.16) EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. Research analysts forecast that Varonis Systems, Inc. will post -2.73 earnings per share for the current year.

Several analysts recently issued reports on VRNS shares. Barclays upped their price objective on shares of Varonis Systems from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, October 27th. ValuEngine upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating in a report on Monday, August 3rd. BidaskClub lowered shares of Varonis Systems from a “buy” rating to a “hold” rating in a report on Friday, October 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of Varonis Systems in a report on Wednesday, August 19th. Finally, DA Davidson boosted their target price on shares of Varonis Systems from $130.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, October 27th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $133.80.

In related news, SVP James O’boyle sold 400 shares of the firm’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $124.80, for a total value of $49,920.00. Following the completion of the sale, the senior vice president now owns 130,183 shares in the company, valued at $16,246,838.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gilad Raz sold 4,601 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $124.62, for a total transaction of $573,376.62. The disclosure for this sale can be found here. Insiders sold 15,567 shares of company stock valued at $1,931,427 in the last quarter. Company insiders own 2.70% of the company’s stock.

About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, 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; 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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