Varonis Systems, Inc. (NASDAQ:VRNS) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC raised its stake in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 52.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,542,071 shares of the technology company's stock after acquiring an additional 529,182 shares during the period. Varonis Systems accounts for approximately 1.1% of Penserra Capital Management LLC's portfolio, making the stock its 16th largest position. Penserra Capital Management LLC owned approximately 1.38% of Varonis Systems worth $62,376,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Varonis Systems by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 515,939 shares of the technology company's stock worth $20,870,000 after purchasing an additional 25,512 shares during the period. Moody Aldrich Partners LLC increased its stake in shares of Varonis Systems by 48.7% during the first quarter. Moody Aldrich Partners LLC now owns 138,137 shares of the technology company's stock worth $5,588,000 after acquiring an additional 45,240 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Varonis Systems by 161.5% during the first quarter. Teacher Retirement System of Texas now owns 16,440 shares of the technology company's stock worth $665,000 after acquiring an additional 10,152 shares during the period. Peregrine Capital Management LLC raised its holdings in Varonis Systems by 9.8% during the first quarter. Peregrine Capital Management LLC now owns 293,443 shares of the technology company's stock worth $11,870,000 after purchasing an additional 26,138 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Varonis Systems by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,465 shares of the technology company's stock valued at $352,000 after purchasing an additional 1,323 shares during the period. Institutional investors and hedge funds own 95.65% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on VRNS. Jefferies Financial Group dropped their price objective on Varonis Systems from $50.00 to $45.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Morgan Stanley decreased their price target on shares of Varonis Systems from $54.00 to $46.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Barclays reduced their target price on Varonis Systems from $60.00 to $52.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Wall Street Zen upgraded shares of Varonis Systems from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Finally, Wolfe Research upgraded shares of Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 target price for the company in a report on Friday, March 28th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $55.06.

Insider Buying and Selling

In other Varonis Systems news, Director Den Bosch Fred Van sold 6,000 shares of the company's stock in a transaction that occurred 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 directly owned 131,666 shares of the company's stock, valued at $6,583,300. This represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.30% of the company's stock.

Varonis Systems Stock Down 0.1%

Shares of VRNS traded down $0.05 during mid-day trading on Monday, reaching $51.10. 1,384,945 shares of the stock traded hands, compared to its average volume of 1,521,783. The stock has a fifty day simple moving average of $47.75 and a 200 day simple moving average of $44.44. Varonis Systems, Inc. has a 12-month low of $36.53 and a 12-month high of $60.58. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.23. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of -63.09 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 analysts' consensus estimates of ($0.05) by ($0.26). The firm had revenue of $136.42 million during the quarter, compared to analyst estimates of $133.10 million. Varonis Systems had a negative return on equity of 20.01% and a negative net margin of 15.88%. The business's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) EPS. Sell-side analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Varonis Systems Company 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.