Diversified Trust Co Increases Stake in Varonis Systems, Inc. (NASDAQ:VRNS)

Diversified Trust Co raised its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 62.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,595 shares of the technology company's stock after purchasing an additional 9,482 shares during the quarter. Diversified Trust Co's holdings in Varonis Systems were worth $995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Quarry LP bought a new stake in Varonis Systems during the fourth quarter valued at approximately $36,000. Johnson Financial Group Inc. purchased a new position in shares of Varonis Systems during the fourth quarter worth approximately $61,000. Transce3nd LLC purchased a new position in shares of Varonis Systems during the fourth quarter worth approximately $62,000. New Age Alpha Advisors LLC purchased a new position in shares of Varonis Systems during the fourth quarter worth approximately $70,000. Finally, NBC Securities Inc. raised its stake in shares of Varonis Systems by 100,200.0% during the first quarter. NBC Securities Inc. now owns 2,006 shares of the technology company's stock worth $81,000 after acquiring an additional 2,004 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors.

Insider Transactions at Varonis Systems

In other news, Director Den Bosch Fred Van sold 6,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total value of $300,000.00. Following the transaction, the director now owns 131,666 shares in the company, valued at $6,583,300. This represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.30% of the company's stock.

Varonis Systems Stock Down 1.3%

Varonis Systems stock traded down $0.67 during mid-day trading on Friday, reaching $50.26. The stock had a trading volume of 1,656,866 shares, compared to its average volume of 1,512,628. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of -62.05 and a beta of 0.76. The company has a 50-day moving average price of $46.79 and a two-hundred day moving average price of $44.33. Varonis Systems, Inc. has a one year low of $36.53 and a one year high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its 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 for the quarter, compared to the consensus estimate of $133.10 million. Varonis Systems had a negative net margin of 15.88% and a negative return on equity of 20.01%. Varonis Systems's revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.03) EPS. On average, analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on VRNS. JPMorgan Chase & Co. decreased their price target on shares of Varonis Systems from $55.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. UBS Group lifted their price target on shares of Varonis Systems from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Jefferies Financial Group decreased their price target on shares of Varonis Systems from $50.00 to $45.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Barclays decreased their price target 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. Finally, Wall Street Zen raised shares of Varonis Systems from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Varonis Systems has a consensus rating of "Moderate Buy" and a consensus target price of $55.06.

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.