AMI Asset Management Corp boosted its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 68.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,668 shares of the technology company's stock after acquiring an additional 11,212 shares during the quarter. AMI Asset Management Corp's holdings in Varonis Systems were worth $1,119,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Varonis Systems during the fourth quarter valued at about $36,000. Johnson Financial Group Inc. bought a new position in shares of Varonis Systems during the fourth quarter valued at about $61,000. Transce3nd LLC bought a new position in shares of Varonis Systems during the fourth quarter valued at about $62,000. New Age Alpha Advisors LLC bought a new position in shares of Varonis Systems during the fourth quarter valued at about $70,000. Finally, NBC Securities Inc. grew its stake in shares of Varonis Systems by 100,200.0% during the first quarter. NBC Securities Inc. now owns 2,006 shares of the technology company's stock valued at $81,000 after buying an additional 2,004 shares during the last quarter. Institutional investors own 95.65% of the company's stock.
Varonis Systems Stock Down 1.3%
VRNS traded down $0.67 on Friday, hitting $50.26. The company had a trading volume of 1,656,866 shares, compared to its average volume of 1,512,628. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.15 and a quick ratio of 1.15. Varonis Systems, Inc. has a 52-week low of $36.53 and a 52-week high of $60.58. The stock has a fifty day simple moving average of $46.79 and a 200-day simple moving average of $44.33. The firm has a market capitalization of $5.63 billion, a P/E ratio of -62.05 and a beta of 0.76.
Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.26). Varonis Systems had a negative return on equity of 20.01% and a negative net margin of 15.88%. The company had revenue of $136.42 million during the quarter, compared to analysts' expectations of $133.10 million. During the same quarter last year, the business earned ($0.03) earnings per share. The business's quarterly revenue was up 19.6% on a year-over-year basis. As a group, equities analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.
Insiders Place Their Bets
In other Varonis Systems news, Director Den Bosch Fred Van sold 6,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total value of $300,000.00. Following the completion of the sale, the director now directly owns 131,666 shares in the company, valued at $6,583,300. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.30% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on VRNS. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $60.00 price objective on shares of Varonis Systems in a research note on Tuesday, June 10th. Wall Street Zen raised Varonis Systems from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Morgan Stanley reduced their price objective on Varonis Systems from $54.00 to $46.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price objective on Varonis Systems from $55.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, Jefferies Financial Group reduced their price objective on Varonis Systems from $50.00 to $45.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.06.
Read Our Latest Report on Varonis Systems
Varonis Systems Profile
(
Free Report)
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.
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