Varonis Systems, Inc. (NASDAQ:VRNS) Stock Holdings Raised by Peregrine Capital Management LLC

Peregrine Capital Management LLC increased its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 293,443 shares of the technology company's stock after acquiring an additional 26,138 shares during the period. Peregrine Capital Management LLC owned approximately 0.26% of Varonis Systems worth $11,870,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VRNS. William Blair Investment Management LLC increased its holdings in Varonis Systems by 2.4% during the 4th quarter. William Blair Investment Management LLC now owns 2,290,114 shares of the technology company's stock valued at $101,750,000 after acquiring an additional 52,971 shares in the last quarter. Legacy Advisors LLC increased its stake in shares of Varonis Systems by 164.5% during the 1st quarter. Legacy Advisors LLC now owns 21,090 shares of the technology company's stock worth $853,000 after purchasing an additional 13,115 shares in the last quarter. Advantage Alpha Capital Partners LP raised its position in shares of Varonis Systems by 30.1% during the 4th quarter. Advantage Alpha Capital Partners LP now owns 90,881 shares of the technology company's stock worth $4,038,000 after purchasing an additional 21,040 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Varonis Systems in the 4th quarter valued at approximately $207,000. Finally, Jump Financial LLC grew its holdings in Varonis Systems by 83.5% during the 4th quarter. Jump Financial LLC now owns 205,737 shares of the technology company's stock valued at $9,141,000 after buying an additional 93,619 shares during the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Den Bosch Fred Van sold 6,000 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $50.00, for a total value of $300,000.00. Following the completion of the transaction, the director owned 131,666 shares of the company's stock, valued at approximately $6,583,300. This represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.30% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. 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 report on Monday, April 28th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $60.00 price target on shares of Varonis Systems in a research note on Tuesday, June 10th. Jefferies Financial Group cut their price objective on shares of Varonis Systems from $50.00 to $45.00 and set a "hold" rating for the company in a research report on Monday, March 31st. UBS Group upped their price objective on shares of Varonis Systems from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Wolfe Research raised 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 research note on Friday, March 28th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $55.06.

Varonis Systems Trading Up 2.2%

Shares of Varonis Systems stock traded up $1.10 during trading hours on Thursday, hitting $51.15. The company's stock had a trading volume of 1,066,983 shares, compared to its average volume of 1,514,429. 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 company has a market capitalization of $5.73 billion, a PE ratio of -63.15 and a beta of 0.76. The business has a fifty day moving average of $47.39 and a 200 day moving average of $44.40. Varonis Systems, Inc. has a 1-year low of $36.53 and a 1-year high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced 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). The company had revenue of $136.42 million during the quarter, compared to analyst estimates of $133.10 million. Varonis Systems had a negative net margin of 15.88% and a negative return on equity of 20.01%. The firm's revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.03) earnings per share. As a group, equities analysts forecast that Varonis Systems, Inc. will post -0.83 EPS for the current 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.