Legacy Advisors LLC Has $853,000 Stock Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Legacy Advisors LLC lifted its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 164.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,090 shares of the technology company's stock after purchasing an additional 13,115 shares during the period. Legacy Advisors LLC's holdings in Varonis Systems were worth $853,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in Varonis Systems by 7.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,340 shares of the technology company's stock valued at $193,000 after purchasing an additional 298 shares during the period. Teza Capital Management LLC boosted its position in shares of Varonis Systems by 3.1% in the fourth quarter. Teza Capital Management LLC now owns 9,840 shares of the technology company's stock valued at $437,000 after acquiring an additional 299 shares during the period. Summit Investment Advisors Inc. grew its stake in shares of Varonis Systems by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 11,534 shares of the technology company's stock worth $512,000 after acquiring an additional 365 shares during the last quarter. Bailard Inc. increased its position in Varonis Systems by 0.4% during the fourth quarter. Bailard Inc. now owns 93,627 shares of the technology company's stock worth $4,160,000 after acquiring an additional 417 shares during the period. Finally, Franklin Resources Inc. increased its position in Varonis Systems by 1.1% during the fourth quarter. Franklin Resources Inc. now owns 40,209 shares of the technology company's stock worth $1,786,000 after acquiring an additional 424 shares during the period. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Stock Performance

NASDAQ VRNS opened at $50.11 on Wednesday. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of -61.86 and a beta of 0.76. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.23. Varonis Systems, Inc. has a 1-year low of $36.53 and a 1-year high of $60.58. The company has a 50 day moving average of $46.03 and a 200-day moving average of $44.25.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.31) earnings per share (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 for the quarter, compared to analyst estimates of $133.10 million. During the same quarter last year, the company earned ($0.03) EPS. The firm's quarterly revenue was up 19.6% on a year-over-year basis. On average, equities analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 price objective on the stock in a report on Friday, March 28th. Jefferies Financial Group cut their price target on Varonis Systems from $50.00 to $45.00 and set a "hold" rating for the company in a report on Monday, March 31st. Royal Bank Of Canada raised their price objective on Varonis Systems from $55.00 to $58.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. UBS Group lifted their price objective on Varonis Systems from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $60.00 target price on shares of Varonis Systems in a research note on Tuesday, June 10th. Six 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $55.06.

Insider Transactions at Varonis Systems

In other news, Director Den Bosch Fred Van sold 6,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $50.00, for a total value of $300,000.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by corporate insiders.

Varonis Systems 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.

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