Varonis Systems (NASDAQ:VRNS) PT Lowered to $46.00 at Barclays

Varonis Systems (NASDAQ:VRNSGet Rating) had its price target decreased by research analysts at Barclays from $51.00 to $46.00 in a research report issued to clients and investors on Tuesday, The Fly reports. Barclays‘s price target would indicate a potential upside of 5.34% from the company’s current price.

A number of other research analysts also recently commented on VRNS. Citigroup assumed coverage on shares of Varonis Systems in a research report on Monday, January 24th. They set a “buy” rating and a $47.00 price objective on the stock. TheStreet downgraded shares of Varonis Systems from a “c-” rating to a “d+” rating in a research report on Monday, February 7th. Jefferies Financial Group assumed coverage on shares of Varonis Systems in a research report on Monday, April 18th. They issued a “buy” rating and a $65.00 target price for the company. JMP Securities reissued a “buy” rating and issued a $73.00 target price on shares of Varonis Systems in a research report on Tuesday, February 8th. Finally, Wells Fargo & Company raised shares of Varonis Systems from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $46.00 to $60.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $61.62.

Shares of VRNS opened at $43.67 on Tuesday. The company’s 50 day moving average price is $44.62 and its 200 day moving average price is $47.64. Varonis Systems has a 52 week low of $32.11 and a 52 week high of $73.46. The company has a market capitalization of $4.78 billion, a PE ratio of -38.99 and a beta of 1.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.53 and a current ratio of 4.53.

Varonis Systems (NASDAQ:VRNSGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The technology company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.24. Varonis Systems had a negative net margin of 29.95% and a negative return on equity of 17.48%. During the same quarter in the prior year, the firm earned ($0.34) EPS. On average, equities analysts forecast that Varonis Systems will post -0.76 earnings per share for the current fiscal year.

In other Varonis Systems news, Director Den Bosch Fred Van sold 3,000 shares of the stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $50.00, for a total value of $150,000.00. Following the completion of the sale, the director now directly owns 116,945 shares of the company’s stock, valued at approximately $5,847,250. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ofer Segev sold 1,500 shares of the stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $45.38, for a total transaction of $68,070.00. Following the completion of the sale, the director now directly owns 71,802 shares of the company’s stock, valued at $3,258,374.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,500 shares of company stock valued at $268,070. Insiders own 1.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its holdings in shares of Varonis Systems by 6.6% during the 3rd quarter. Macquarie Group Ltd. now owns 3,754,476 shares of the technology company’s stock worth $228,460,000 after acquiring an additional 232,993 shares during the period. Eagle Global Advisors LLC lifted its holdings in shares of Varonis Systems by 29.9% during the 4th quarter. Eagle Global Advisors LLC now owns 46,500 shares of the technology company’s stock worth $2,268,000 after acquiring an additional 10,700 shares during the period. AE Wealth Management LLC bought a new position in shares of Varonis Systems during the 4th quarter worth about $657,000. Bamco Inc. NY lifted its holdings in shares of Varonis Systems by 8.4% during the 3rd quarter. Bamco Inc. NY now owns 672,988 shares of the technology company’s stock worth $40,951,000 after acquiring an additional 51,988 shares during the period. Finally, Virginia Retirement Systems ET AL lifted its holdings in shares of Varonis Systems by 15.9% during the 4th quarter. Virginia Retirement Systems ET AL now owns 5,100 shares of the technology company’s stock worth $249,000 after acquiring an additional 700 shares during the period. 93.20% of the stock is owned by institutional investors.

About Varonis Systems (Get Rating)

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; strategic and product plans; and other intellectual property.

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