Swiss National Bank Has $9.79 Million Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Swiss National Bank cut its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,154 shares of the technology company's stock after selling 25,100 shares during the quarter. Swiss National Bank owned 0.20% of Varonis Systems worth $9,787,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Varonis Systems by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 11,251,092 shares of the technology company's stock valued at $343,608,000 after acquiring an additional 180,082 shares during the period. Cadian Capital Management LP raised its holdings in Varonis Systems by 34.6% during the third quarter. Cadian Capital Management LP now owns 3,574,334 shares of the technology company's stock worth $109,160,000 after purchasing an additional 919,334 shares during the last quarter. William Blair Investment Management LLC boosted its position in Varonis Systems by 6.7% during the third quarter. William Blair Investment Management LLC now owns 3,252,160 shares of the technology company's stock worth $99,321,000 after purchasing an additional 205,105 shares in the last quarter. RGM Capital LLC grew its holdings in Varonis Systems by 2.0% in the third quarter. RGM Capital LLC now owns 1,846,889 shares of the technology company's stock valued at $56,404,000 after purchasing an additional 36,015 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its position in shares of Varonis Systems by 30.0% in the third quarter. Loomis Sayles & Co. L P now owns 1,424,248 shares of the technology company's stock valued at $43,496,000 after buying an additional 329,045 shares in the last quarter. Institutional investors and hedge funds own 95.65% of the company's stock.

Varonis Systems Trading Down 0.9 %

VRNS stock traded down $0.40 on Monday, hitting $44.11. 803,691 shares of the company were exchanged, compared to its average volume of 1,183,316. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of -46.93 and a beta of 0.84. The business's fifty day moving average is $46.38 and its two-hundred day moving average is $44.69. Varonis Systems, Inc. has a twelve month low of $23.27 and a twelve month high of $52.88. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.38 and a quick ratio of 2.38.

Insider Buying and Selling

In other news, CEO Yakov Faitelson sold 284,211 shares of the firm's stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $45.23, for a total value of $12,854,863.53. Following the transaction, the chief executive officer now directly owns 1,452,922 shares in the company, valued at approximately $65,715,662.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Yakov Faitelson sold 284,211 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $45.23, for a total value of $12,854,863.53. Following the completion of the sale, the chief executive officer now owns 1,452,922 shares of the company's stock, valued at $65,715,662.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gili Iohan sold 19,500 shares of Varonis Systems stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $50.54, for a total transaction of $985,530.00. Following the transaction, the director now owns 19,263 shares in the company, valued at approximately $973,552.02. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company's stock.

Analyst Ratings Changes

VRNS has been the topic of a number of research reports. JMP Securities reissued a "market outperform" rating and issued a $63.00 price objective on shares of Varonis Systems in a research note on Monday, February 5th. Stephens reissued an "overweight" rating and set a $55.00 price objective on shares of Varonis Systems in a research note on Tuesday, February 6th. Royal Bank of Canada upped their target price on Varonis Systems from $56.00 to $58.00 and gave the company an "outperform" rating in a research note on Tuesday, May 7th. Needham & Company LLC reiterated a "hold" rating on shares of Varonis Systems in a report on Monday. Finally, Wedbush raised Varonis Systems from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $35.00 to $65.00 in a report on Tuesday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.06.

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.