Vontobel Holding Ltd. Sells 24,983 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Vontobel Holding Ltd. lowered its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 64.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 13,573 shares of the technology company's stock after selling 24,983 shares during the period. Vontobel Holding Ltd.'s holdings in Varonis Systems were worth $549,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Varonis Systems by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,465 shares of the technology company's stock worth $352,000 after purchasing an additional 1,323 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Varonis Systems by 2.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,290,114 shares of the technology company's stock worth $101,750,000 after acquiring an additional 52,971 shares during the last quarter. Legacy Advisors LLC grew its stake in shares of Varonis Systems by 164.5% in the first quarter. Legacy Advisors LLC now owns 21,090 shares of the technology company's stock worth $853,000 after acquiring an additional 13,115 shares during the last quarter. Advantage Alpha Capital Partners LP grew its stake in shares of Varonis Systems by 30.1% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 90,881 shares of the technology company's stock worth $4,038,000 after acquiring an additional 21,040 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Varonis Systems in the fourth quarter worth $207,000. 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 that occurred on Wednesday, June 4th. The stock was 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VRNS shares. Wall Street Zen upgraded shares of Varonis Systems from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Barclays cut their price target on Varonis Systems from $60.00 to $52.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Morgan Stanley dropped their price objective on Varonis Systems from $54.00 to $46.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. UBS Group boosted their price objective on Varonis Systems from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group reduced their price target on Varonis Systems from $50.00 to $45.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Six investment 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, Varonis Systems presently has a consensus rating of "Moderate Buy" and an average price target of $55.06.

Varonis Systems Stock Down 0.1%

Shares of NASDAQ VRNS traded down $0.05 during mid-day trading on Monday, hitting $51.10. 1,384,945 shares of the stock traded hands, compared to its average volume of 1,521,783. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.15 and a current ratio of 1.15. Varonis Systems, Inc. has a 52 week low of $36.53 and a 52 week high of $60.58. The company has a market cap of $5.72 billion, a price-to-earnings ratio of -63.09 and a beta of 0.76. The stock has a fifty day moving average price of $47.75 and a 200-day moving average price of $44.44.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations 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 was up 19.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) EPS. Research analysts anticipate 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.