Varonis Systems, Inc. (NASDAQ:VRNS) Holdings Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 161.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,440 shares of the technology company's stock after buying an additional 10,152 shares during the quarter. Teacher Retirement System of Texas' holdings in Varonis Systems were worth $665,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Varonis Systems by 7.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,340 shares of the technology company's stock worth $193,000 after acquiring an additional 298 shares during the last quarter. Teza Capital Management LLC boosted its holdings in shares of Varonis Systems by 3.1% in the 4th quarter. Teza Capital Management LLC now owns 9,840 shares of the technology company's stock valued at $437,000 after purchasing an additional 299 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Varonis Systems by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 11,534 shares of the technology company's stock valued at $512,000 after buying an additional 365 shares during the period. Franklin Resources Inc. grew its stake in shares of Varonis Systems by 1.1% during the 4th quarter. Franklin Resources Inc. now owns 40,209 shares of the technology company's stock valued at $1,786,000 after buying an additional 424 shares during the period. Finally, Occudo Quantitative Strategies LP increased its holdings in shares of Varonis Systems by 5.2% during the 4th quarter. Occudo Quantitative Strategies LP now owns 10,871 shares of the technology company's stock worth $483,000 after buying an additional 540 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company's stock.

Insider Buying and Selling at Varonis Systems

In related news, Director Den Bosch Fred Van sold 6,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were 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 in the company, valued at $6,583,300. This represents a 4.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on VRNS. Wolfe Research raised Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 price target for the company in a research report on Friday, March 28th. Morgan Stanley dropped their target price on shares of Varonis Systems from $54.00 to $46.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen raised shares of Varonis Systems from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Royal Bank Of Canada raised 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, JPMorgan Chase & Co. decreased their price target on shares of Varonis Systems from $55.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Six 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $55.50.

Varonis Systems Stock Performance

VRNS stock traded up $0.73 during midday trading on Friday, reaching $51.30. The company had a trading volume of 1,173,647 shares, compared to its average volume of 1,530,528. The firm has a market capitalization of $5.74 billion, a PE ratio of -63.33 and a beta of 0.76. The stock has a 50 day moving average price of $49.07 and a 200 day moving average price of $44.82. Varonis Systems, Inc. has a fifty-two week low of $36.53 and a fifty-two week 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.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued 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 company 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%. Varonis Systems's quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.03) earnings per share. Analysts anticipate that Varonis Systems, Inc. will post -0.83 earnings per share 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.