Varonis Systems, Inc. (NASDAQ:VRNS) Shares Bought by Legacy Advisors LLC

Legacy Advisors LLC grew its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 164.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,090 shares of the technology company's stock after buying an additional 13,115 shares during the period. Legacy Advisors LLC's holdings in Varonis Systems were worth $853,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of Varonis Systems by 2.4% in the 4th quarter. Rhumbline Advisers now owns 164,580 shares of the technology company's stock valued at $7,312,000 after acquiring an additional 3,904 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Varonis Systems by 2.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 42,373 shares of the technology company's stock valued at $1,883,000 after acquiring an additional 877 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Varonis Systems by 31.2% in the 4th quarter. Handelsbanken Fonder AB now owns 28,600 shares of the technology company's stock valued at $1,271,000 after acquiring an additional 6,800 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Varonis Systems in the 4th quarter valued at about $275,000. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Varonis Systems by 16.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 21,510 shares of the technology company's stock valued at $956,000 after acquiring an additional 3,023 shares during the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VRNS has been the topic of a number of recent analyst reports. Wolfe Research raised 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 research report on Friday, March 28th. Cantor Fitzgerald reissued an "overweight" rating and issued a $60.00 price objective on shares of Varonis Systems in a research report on Tuesday, June 10th. JPMorgan Chase & Co. reduced their price objective on shares of Varonis Systems from $55.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Wall Street Zen raised shares of Varonis Systems from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Finally, UBS Group increased their price objective on shares of Varonis Systems from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $55.06.

Insider Transactions at Varonis Systems

In related news, Director Den Bosch Fred Van sold 6,000 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total transaction of $300,000.00. Following the completion of the transaction, the director now directly owns 131,666 shares in the company, valued at $6,583,300. The trade was a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.30% of the company's stock.

Varonis Systems Stock Down 1.3%

Shares of VRNS stock traded down $0.67 during trading hours on Friday, reaching $50.26. 1,656,866 shares of the company's stock were exchanged, compared to its average volume of 1,512,628. Varonis Systems, Inc. has a 1 year low of $36.53 and a 1 year high of $60.58. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.23. The stock has a market cap of $5.63 billion, a PE ratio of -62.05 and a beta of 0.76. The stock's fifty day moving average price is $46.79 and its two-hundred day moving average price is $44.33.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly earnings data 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 net margin of 15.88% and a negative return on equity of 20.01%. 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 business's revenue was up 19.6% compared to the same quarter last year. Research analysts predict that Varonis Systems, Inc. will post -0.83 EPS for the current year.

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.