Varonis Systems, Inc. (VRNS) Holdings Lessened by Regentatlantic Capital LLC

Regentatlantic Capital LLC reduced its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 26.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,247 shares of the technology company’s stock after selling 4,000 shares during the quarter. Regentatlantic Capital LLC’s holdings in Varonis Systems were worth $471,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. State of Wisconsin Investment Board increased its holdings in shares of Varonis Systems by 67.0% in the second quarter. State of Wisconsin Investment Board now owns 192,000 shares of the technology company’s stock worth $7,142,000 after acquiring an additional 77,000 shares in the last quarter. Credit Suisse AG increased its holdings in shares of Varonis Systems by 109.5% in the first quarter. Credit Suisse AG now owns 290,948 shares of the technology company’s stock worth $9,252,000 after acquiring an additional 152,048 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Varonis Systems by 168,951.4% in the second quarter. BNP Paribas Arbitrage SA now owns 121,717 shares of the technology company’s stock worth $4,528,000 after acquiring an additional 121,645 shares in the last quarter. Unterberg Capital LLC increased its holdings in shares of Varonis Systems by 66.7% in the second quarter. Unterberg Capital LLC now owns 125,000 shares of the technology company’s stock worth $4,650,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Varonis Systems by 43.6% in the first quarter. Bank of America Corp DE now owns 100,680 shares of the technology company’s stock worth $3,202,000 after acquiring an additional 30,565 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Several brokerages have issued reports on VRNS. BidaskClub downgraded Varonis Systems from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Royal Bank Of Canada restated a “buy” rating and issued a $42.00 price target on shares of Varonis Systems in a report on Thursday, July 20th. Barclays PLC restated a “hold” rating and issued a $45.00 price target on shares of Varonis Systems in a report on Wednesday, July 19th. Needham & Company LLC increased their price target on Varonis Systems from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, August 14th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $44.00 price target (up from $40.00) on shares of Varonis Systems in a report on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $43.20.

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Varonis Systems, Inc. (VRNS) traded down 0.45% on Monday, hitting $44.05. The stock had a trading volume of 5,342 shares. The company has a 50-day moving average price of $42.58 and a 200-day moving average price of $37.84. The stock’s market capitalization is $1.21 billion. Varonis Systems, Inc. has a 52 week low of $24.45 and a 52 week high of $45.20.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.09. Varonis Systems had a negative return on equity of 20.94% and a negative net margin of 9.03%. The firm had revenue of $50.20 million during the quarter, compared to analyst estimates of $47.50 million. During the same period last year, the company posted ($0.12) EPS. The business’s quarterly revenue was up 30.1% on a year-over-year basis. Equities research analysts anticipate that Varonis Systems, Inc. will post $0.09 earnings per share for the current fiscal year.

In related news, CEO Yakov Faitelson sold 50,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $44.57, for a total value of $2,228,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Guy Melamed sold 6,562 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $39.50, for a total value of $259,199.00. Following the completion of the sale, the chief financial officer now directly owns 104,653 shares of the company’s stock, valued at $4,133,793.50. The disclosure for this sale can be found here. Insiders sold a total of 465,615 shares of company stock valued at $19,092,629 over the last ninety days. 19.50% of the stock is currently owned by corporate insiders.

About Varonis Systems

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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