Stephens Inc. AR Invests $276,000 in Varonis Systems, Inc. (NASDAQ:VRNS)

Stephens Inc. AR bought a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,888 shares of the technology company’s stock, valued at approximately $276,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in shares of Varonis Systems by 5,550.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company’s stock worth $140,000 after purchasing an additional 2,442 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Varonis Systems during the 2nd quarter worth approximately $215,000. O Neil Global Advisors Inc. boosted its holdings in shares of Varonis Systems by 4.8% during the 2nd quarter. O Neil Global Advisors Inc. now owns 4,775 shares of the technology company’s stock worth $229,000 after purchasing an additional 220 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Varonis Systems during the 2nd quarter worth approximately $260,000. Finally, Xponance Inc. boosted its holdings in shares of Varonis Systems by 5.6% during the 2nd quarter. Xponance Inc. now owns 6,975 shares of the technology company’s stock worth $335,000 after purchasing an additional 367 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Stock Performance

NASDAQ:VRNS opened at $53.19 on Friday. The company has a fifty day simple moving average of $55.47 and a two-hundred day simple moving average of $50.29. The company has a market cap of $5.98 billion, a price-to-earnings ratio of -70.92 and a beta of 0.82. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.05. Varonis Systems, Inc. has a 52 week low of $34.66 and a 52 week high of $60.58.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Tuesday, October 29th. The technology company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $148.07 million during the quarter, compared to the consensus estimate of $141.62 million. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. The company’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. As a group, equities analysts anticipate that Varonis Systems, Inc. will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Vice Chairman James O’boyle sold 50,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $59.76, for a total transaction of $2,988,000.00. Following the completion of the transaction, the insider now owns 444,114 shares in the company, valued at approximately $26,540,252.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Baird R W raised shares of Varonis Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Varonis Systems in a research report on Tuesday, July 30th. Wedbush reaffirmed an “outperform” rating and set a $67.00 price target on shares of Varonis Systems in a research report on Monday, August 26th. TD Cowen boosted their target price on Varonis Systems from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, Barclays boosted their target price on Varonis Systems from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.75.

About Varonis Systems

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.