Verition Fund Management LLC Has $626,000 Stake in Varonis Systems, Inc. (NASDAQ:VRNS)

Verition Fund Management LLC decreased its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNSGet Rating) by 49.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,175 shares of the technology company’s stock after selling 13,100 shares during the quarter. Verition Fund Management LLC’s holdings in Varonis Systems were worth $626,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. William Blair Investment Management LLC lifted its stake in Varonis Systems by 27.9% in the first quarter. William Blair Investment Management LLC now owns 4,523,947 shares of the technology company’s stock valued at $215,068,000 after acquiring an additional 987,362 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Varonis Systems by 11.6% in the first quarter. Clearbridge Investments LLC now owns 3,468,690 shares of the technology company’s stock valued at $164,902,000 after acquiring an additional 360,921 shares during the last quarter. State Street Corp lifted its stake in Varonis Systems by 3.0% in the first quarter. State Street Corp now owns 2,296,041 shares of the technology company’s stock valued at $109,154,000 after acquiring an additional 67,696 shares during the last quarter. Geode Capital Management LLC lifted its stake in Varonis Systems by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,847,632 shares of the technology company’s stock valued at $90,127,000 after acquiring an additional 48,529 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Varonis Systems by 24.3% in the first quarter. Allianz Asset Management GmbH now owns 1,841,056 shares of the technology company’s stock valued at $87,524,000 after acquiring an additional 359,785 shares during the last quarter. Institutional investors and hedge funds own 92.18% of the company’s stock.

Varonis Systems Price Performance

VRNS stock opened at $26.47 on Friday. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 0.47. Varonis Systems, Inc. has a 12 month low of $24.58 and a 12 month high of $69.33. The firm has a market cap of $2.91 billion, a P/E ratio of -21.52 and a beta of 1.13. The company’s 50-day moving average price is $28.38 and its two-hundred day moving average price is $34.49.

Varonis Systems (NASDAQ:VRNSGet Rating) last released its earnings results on Monday, August 1st. The technology company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.07). Varonis Systems had a negative net margin of 30.67% and a negative return on equity of 22.15%. The firm had revenue of $111.45 million during the quarter, compared to the consensus estimate of $111.40 million. On average, analysts anticipate that Varonis Systems, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ofer Segev sold 1,500 shares of Varonis Systems stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $31.48, for a total transaction of $47,220.00. Following the sale, the director now directly owns 75,410 shares in the company, valued at approximately $2,373,906.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on VRNS. Cowen cut their price target on shares of Varonis Systems from $62.00 to $53.00 in a research note on Tuesday, August 2nd. UBS Group dropped their price objective on shares of Varonis Systems from $51.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, August 2nd. Morgan Stanley dropped their price objective on shares of Varonis Systems from $35.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 2nd. Cowen dropped their price objective on shares of Varonis Systems from $62.00 to $53.00 in a research report on Tuesday, August 2nd. Finally, Barclays dropped their price objective on shares of Varonis Systems from $36.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 2nd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Varonis Systems has an average rating of “Moderate Buy” and a consensus price target of $42.93.

Varonis Systems Profile

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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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Institutional Ownership by Quarter for Varonis Systems (NASDAQ:VRNS)

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