70,035 Shares in Varonis Systems, Inc. (NASDAQ:VRNS) Bought by AGF Management Ltd.

AGF Management Ltd. acquired a new stake in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 70,035 shares of the technology company's stock, valued at approximately $3,171,000. AGF Management Ltd. owned 0.06% of Varonis Systems at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Varonis Systems by 1.6% during the third quarter. Vanguard Group Inc. now owns 11,251,092 shares of the technology company's stock worth $343,608,000 after acquiring an additional 180,082 shares in the last quarter. Cadian Capital Management LP boosted its stake in Varonis Systems by 34.6% in the 3rd 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 period. William Blair Investment Management LLC grew its stake 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 valued at $99,321,000 after acquiring an additional 205,105 shares in the last quarter. RGM Capital LLC increased its holdings in shares of Varonis Systems by 2.0% in the third quarter. RGM Capital LLC now owns 1,846,889 shares of the technology company's stock worth $56,404,000 after purchasing an additional 36,015 shares during the period. Finally, Loomis Sayles & Co. L P increased its stake in Varonis Systems by 30.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,424,248 shares of the technology company's stock worth $43,496,000 after acquiring an additional 329,045 shares during the last quarter. Institutional investors own 95.65% of the company's stock.

Analyst Upgrades and Downgrades

VRNS has been the topic of several recent research reports. Truist Financial reiterated a "buy" rating and set a $55.00 price objective (up from $50.00) on shares of Varonis Systems in a research report on Wednesday, March 13th. Stephens reaffirmed an "overweight" rating and issued a $55.00 target price on shares of Varonis Systems in a report on Tuesday, February 6th. JMP Securities reissued a "market outperform" rating and set a $63.00 price target on shares of Varonis Systems in a research report on Monday, February 5th. Wells Fargo & Company increased their target price on Varonis Systems from $42.00 to $45.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 6th. Finally, Royal Bank of Canada boosted their price target on Varonis Systems from $56.00 to $58.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 7th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Varonis Systems presently has a consensus rating of "Moderate Buy" and an average price target of $49.06.

Varonis Systems Trading Down 0.7 %

NASDAQ:VRNS traded down $0.32 during mid-day trading on Tuesday, hitting $43.79. 940,825 shares of the stock traded hands, compared to its average volume of 1,180,719. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.55. The firm's 50 day moving average is $46.38 and its two-hundred day moving average is $44.69. Varonis Systems, Inc. has a 52 week low of $23.27 and a 52 week high of $52.88. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of -47.22 and a beta of 0.84.

Insiders Place Their Bets

In other news, CEO Yakov Faitelson sold 284,211 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,452,922 shares in the company, valued at $65,715,662.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Varonis Systems news, CEO Yakov Faitelson sold 284,211 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $45.23, for a total transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gili Iohan sold 19,500 shares of the firm's stock in a transaction dated 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 directly owns 19,263 shares in the company, valued at approximately $973,552.02. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

About Varonis Systems

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.