Varonis Systems Inc (VRNS) Holdings Increased by Trexquant Investment LP

Trexquant Investment LP grew its holdings in Varonis Systems Inc (NASDAQ:VRNS) by 148.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,019 shares of the technology company’s stock after purchasing an additional 5,988 shares during the period. Trexquant Investment LP’s holdings in Varonis Systems were worth $734,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Federated Investors Inc. PA increased its stake in Varonis Systems by 3.2% in the second quarter. Federated Investors Inc. PA now owns 29,507 shares of the technology company’s stock worth $2,198,000 after purchasing an additional 922 shares during the period. Swiss National Bank increased its stake in shares of Varonis Systems by 2.2% during the third quarter. Swiss National Bank now owns 50,118 shares of the technology company’s stock valued at $3,671,000 after buying an additional 1,100 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Varonis Systems by 2.3% during the second quarter. Great West Life Assurance Co. Can now owns 54,871 shares of the technology company’s stock valued at $4,099,000 after buying an additional 1,247 shares during the period. Macquarie Group Ltd. increased its stake in shares of Varonis Systems by 22.9% during the second quarter. Macquarie Group Ltd. now owns 8,039 shares of the technology company’s stock valued at $599,000 after buying an additional 1,500 shares during the period. Finally, Voya Investment Management LLC increased its stake in shares of Varonis Systems by 19.8% during the second quarter. Voya Investment Management LLC now owns 10,084 shares of the technology company’s stock valued at $751,000 after buying an additional 1,668 shares during the period. Institutional investors and hedge funds own 84.14% of the company’s stock.

VRNS opened at $57.91 on Monday. Varonis Systems Inc has a 1 year low of $47.00 and a 1 year high of $83.10. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -115.82 and a beta of 0.94.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Monday, October 29th. The technology company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.23. The business had revenue of $67.05 million during the quarter, compared to the consensus estimate of $64.47 million. Varonis Systems had a negative return on equity of 26.27% and a negative net margin of 11.53%. The company’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share. As a group, equities research analysts expect that Varonis Systems Inc will post -0.9 EPS for the current fiscal year.

In related news, CFO Guy Melamed sold 1,616 shares of Varonis Systems stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $72.86, for a total transaction of $117,741.76. Following the completion of the sale, the chief financial officer now owns 130,212 shares of the company’s stock, valued at $9,487,246.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.20% of the company’s stock.

Several equities analysts have recently commented on VRNS shares. BidaskClub upgraded Varonis Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 11th. Needham & Company LLC raised their price target on Varonis Systems to $90.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Robert W. Baird started coverage on Varonis Systems in a research note on Thursday, October 18th. They set an “outperform” rating and a $75.00 price target on the stock. Wedbush started coverage on Varonis Systems in a research note on Thursday, October 18th. They set a “neutral” rating and a $65.00 price target on the stock. Finally, Morgan Stanley set a $70.00 price target on Varonis Systems and gave the company a “hold” rating in a research note on Friday, October 19th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $73.88.

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About Varonis Systems

Varonis Systems, Inc provides software solutions that protect data from insider threats and cyberattacks. The company, through its software, allows organizations to protect data stored on premises and on cloud, such as sensitive files and emails; confidential customer, 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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