Varonis Systems, Inc. (NASDAQ:VRNS) Shares Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC boosted its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,722,692 shares of the technology company's stock after buying an additional 70,572 shares during the quarter. Clearbridge Investments LLC owned approximately 3.41% of Varonis Systems worth $168,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quadrant Capital Group LLC grew its stake in Varonis Systems by 87.2% in the 4th quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company's stock valued at $42,000 after buying an additional 429 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Varonis Systems during the fourth quarter worth approximately $77,000. International Assets Investment Management LLC lifted its holdings in Varonis Systems by 1,779.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,992 shares of the technology company's stock worth $90,000 after purchasing an additional 1,886 shares during the last quarter. Main Street Financial Solutions LLC acquired a new stake in Varonis Systems during the 4th quarter worth approximately $205,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Varonis Systems in the 4th quarter valued at $213,000. Institutional investors own 95.65% of the company's stock.

Insiders Place Their Bets

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

Varonis Systems Price Performance

Shares of Varonis Systems stock traded down $0.41 during midday trading on Tuesday, hitting $43.74. 753,168 shares of the company traded hands, compared to its average volume of 1,168,899. The firm's fifty day moving average price is $45.80 and its 200-day moving average price is $45.08. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of -46.53 and a beta of 0.84. Varonis Systems, Inc. has a 12 month low of $24.66 and a 12 month high of $52.88. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.38 and a current ratio of 2.38.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stephens reissued an "overweight" rating and issued a $55.00 target price on shares of Varonis Systems in a research report on Tuesday, February 6th. JMP Securities restated a "market outperform" rating and set a $63.00 target price on shares of Varonis Systems in a research report on Monday, February 5th. JPMorgan Chase & Co. lifted their price target on shares of Varonis Systems from $49.00 to $50.00 and gave the company a "neutral" rating in a research report on Tuesday, February 6th. Robert W. Baird increased their price target on Varonis Systems from $48.00 to $50.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 7th. Finally, Needham & Company LLC restated a "hold" rating on shares of Varonis Systems in a research note on Monday, May 13th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Varonis Systems has a consensus rating of "Moderate Buy" and a consensus price target of $49.06.

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.