Varonis Systems, Inc. (NASDAQ:VRNS) Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,604,558 shares of the technology company's stock after acquiring an additional 205,781 shares during the period. Stephens Investment Management Group LLC owned approximately 1.43% of Varonis Systems worth $64,904,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Varonis Systems during the 4th quarter valued at $56,561,000. Groupama Asset Managment purchased a new position in Varonis Systems in the fourth quarter valued at about $55,538,000. Deutsche Bank AG lifted its stake in shares of Varonis Systems by 97.7% during the fourth quarter. Deutsche Bank AG now owns 1,338,452 shares of the technology company's stock worth $59,467,000 after purchasing an additional 661,436 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Varonis Systems by 64.5% during the fourth quarter. Two Sigma Advisers LP now owns 1,380,200 shares of the technology company's stock worth $61,322,000 after purchasing an additional 541,000 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Varonis Systems by 11,353.2% in the fourth quarter. Renaissance Technologies LLC now owns 538,300 shares of the technology company's stock worth $23,917,000 after buying an additional 533,600 shares during the period. Institutional investors and hedge funds own 95.65% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on VRNS. Cantor Fitzgerald reiterated an "overweight" rating and set a $60.00 target price on shares of Varonis Systems in a report on Tuesday, June 10th. Wolfe Research raised shares of Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a research report on Friday, March 28th. Barclays dropped their price objective on shares of Varonis Systems from $60.00 to $52.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada upped their target price on shares of Varonis Systems from $55.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Varonis Systems from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $55.06.

Insider Buying and Selling

In related news, Director Den Bosch Fred Van sold 6,000 shares of Varonis Systems 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 directly owned 131,666 shares in the company, valued at approximately $6,583,300. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company's stock.

Varonis Systems Stock Down 3.6%

Shares of VRNS traded down $1.83 during midday trading on Friday, hitting $49.58. The company had a trading volume of 1,680,022 shares, compared to its average volume of 1,532,858. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of -61.21 and a beta of 0.76. The company's 50 day moving average price is $48.62 and its 200 day moving average price is $44.66. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.23. Varonis Systems, Inc. has a 52 week low of $36.53 and a 52 week high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly earnings results 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 firm's revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) earnings per share. On average, equities 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.