Daiwa Securities Group Inc. Sells 3,155 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Daiwa Securities Group Inc. decreased its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 66.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,561 shares of the technology company’s stock after selling 3,155 shares during the period. Daiwa Securities Group Inc.’s holdings in Varonis Systems were worth $75,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VRNS. Charles Schwab Investment Management Inc. raised its position in shares of Varonis Systems by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 854,473 shares of the technology company’s stock valued at $38,691,000 after buying an additional 10,159 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Varonis Systems by 172.7% during the fourth quarter. Teacher Retirement System of Texas now owns 23,188 shares of the technology company’s stock valued at $1,050,000 after buying an additional 14,686 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Varonis Systems by 18.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,108,532 shares of the technology company’s stock valued at $50,195,000 after buying an additional 173,325 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Varonis Systems during the fourth quarter valued at approximately $213,000. Finally, Quadrant Capital Group LLC raised its position in shares of Varonis Systems by 87.2% during the fourth quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company’s stock valued at $42,000 after buying an additional 429 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman James O’boyle sold 75,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $51.04, for a total value of $3,828,000.00. Following the completion of the sale, the insider now directly owns 494,114 shares of the company’s stock, valued at $25,219,578.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VRNS shares. Robert W. Baird upgraded shares of Varonis Systems from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $52.00 to $60.00 in a research report on Tuesday, July 30th. JPMorgan Chase & Co. upgraded shares of Varonis Systems from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $50.00 to $54.00 in a research report on Friday, June 14th. Susquehanna boosted their price target on shares of Varonis Systems from $55.00 to $65.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Truist Financial restated a “buy” rating and issued a $60.00 price target (up previously from $55.00) on shares of Varonis Systems in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada boosted their price target on shares of Varonis Systems from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Six equities 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 stock. According to MarketBeat, Varonis Systems has a consensus rating of “Moderate Buy” and an average price target of $56.33.

Varonis Systems Trading Down 0.1 %

NASDAQ VRNS opened at $53.84 on Wednesday. The company’s 50-day moving average price is $52.64 and its 200-day moving average price is $48.03. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.55. The stock has a market cap of $6.00 billion, a PE ratio of -57.28 and a beta of 0.81. Varonis Systems, Inc. has a 12 month low of $29.47 and a 12 month high of $58.32.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Monday, July 29th. The technology company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07. The firm had revenue of $130.35 million for the quarter, compared to analysts’ expectations of $124.83 million. Varonis Systems had a negative net margin of 16.97% and a negative return on equity of 18.31%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.35) earnings per share. Equities research analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Varonis Systems Company Profile

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.