Moody Aldrich Partners LLC Grows Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Moody Aldrich Partners LLC raised its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 48.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 138,137 shares of the technology company's stock after purchasing an additional 45,240 shares during the period. Varonis Systems accounts for approximately 1.2% of Moody Aldrich Partners LLC's portfolio, making the stock its 27th largest position. Moody Aldrich Partners LLC owned 0.12% of Varonis Systems worth $5,588,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VRNS. Vanguard Group Inc. lifted its holdings in Varonis Systems by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 12,246,769 shares of the technology company's stock valued at $544,124,000 after buying an additional 193,210 shares during the period. First Trust Advisors LP lifted its holdings in Varonis Systems by 4.8% in the fourth quarter. First Trust Advisors LP now owns 2,501,581 shares of the technology company's stock valued at $111,145,000 after buying an additional 113,573 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Varonis Systems by 2.4% in 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 purchasing an additional 52,971 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of Varonis Systems by 1.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,287,544 shares of the technology company's stock valued at $101,636,000 after purchasing an additional 29,852 shares during the period. Finally, Hood River Capital Management LLC lifted its stake in shares of Varonis Systems by 12.3% in the 4th quarter. Hood River Capital Management LLC now owns 2,116,882 shares of the technology company's stock valued at $94,053,000 after purchasing an additional 231,998 shares during the period. Institutional investors and hedge funds own 95.65% of the company's stock.

Insider Buying and Selling

In other 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 directly owned 131,666 shares in the company, valued at $6,583,300. The trade was a 4.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.30% of the company's stock.

Varonis Systems Stock Performance

NASDAQ VRNS traded up $1.10 during trading hours on Friday, reaching $51.15. 1,066,983 shares of the company were exchanged, compared to its average volume of 1,522,333. 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 business's 50 day simple moving average is $47.75 and its 200-day simple moving average is $44.45. Varonis Systems, Inc. has a 1 year low of $36.53 and a 1 year high of $60.58. The stock has a market capitalization of $5.73 billion, a P/E ratio of -63.15 and a beta of 0.76.

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 for the quarter, missing the consensus estimate of ($0.05) by ($0.26). The business had revenue of $136.42 million during the quarter, compared to analysts' expectations of $133.10 million. Varonis Systems had a negative return on equity of 20.01% and a negative net margin of 15.88%. Varonis Systems's revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) EPS. On average, equities research analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VRNS shares. Royal Bank Of Canada upped their price objective on shares of Varonis Systems from $55.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Morgan Stanley dropped their price target on Varonis Systems from $54.00 to $46.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Jefferies Financial Group lowered their target price on Varonis Systems from $50.00 to $45.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Wall Street Zen raised Varonis Systems from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Finally, Barclays lowered 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. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $55.06.

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.