Hilltop Holdings Inc. Purchases New Shares in Varonis Systems, Inc. (NASDAQ:VRNS)

Hilltop Holdings Inc. purchased a new position in Varonis Systems, Inc. (NASDAQ:VRNSFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,350 shares of the technology company’s stock, valued at approximately $242,000.

A number of other institutional investors have also added to or reduced their stakes in VRNS. Norges Bank purchased a new position in Varonis Systems in the fourth quarter worth about $50,723,000. Cadian Capital Management LP lifted its position 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 valued at $109,160,000 after acquiring an additional 919,334 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Varonis Systems by 5,876.4% during the 4th quarter. Principal Financial Group Inc. now owns 679,520 shares of the technology company’s stock valued at $30,769,000 after purchasing an additional 668,150 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of 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 purchasing an additional 329,045 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Varonis Systems by 6.7% in 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 during the last quarter. Institutional investors own 95.65% of the company’s stock.

Insider Transactions at Varonis Systems

In other Varonis Systems news, CEO Yakov Faitelson sold 284,211 shares of Varonis Systems 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 transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.60% of the company’s stock.

Varonis Systems Stock Down 3.1 %

Varonis Systems stock opened at $43.42 on Friday. The business has a fifty day moving average of $45.07 and a two-hundred day moving average of $45.48. Varonis Systems, Inc. has a twelve month low of $24.66 and a twelve month high of $52.88. 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 has a market cap of $4.84 billion, a P/E ratio of -46.19 and a beta of 0.84.

Varonis Systems (NASDAQ:VRNSGet Free Report) last released its earnings results on Monday, May 6th. The technology company reported ($0.37) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.37). Varonis Systems had a negative return on equity of 21.33% and a negative net margin of 20.38%. The firm had revenue of $114.02 million for the quarter, compared to the consensus estimate of $113.81 million. On average, analysts forecast that Varonis Systems, Inc. will post -0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on VRNS. Wells Fargo & Company upped their price objective on Varonis Systems from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Robert W. Baird boosted their price objective on Varonis Systems from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Truist Financial restated a “buy” rating and set a $55.00 target price (up previously from $50.00) on shares of Varonis Systems in a research note on Wednesday, March 13th. Wedbush upgraded shares of Varonis Systems from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $35.00 to $65.00 in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Varonis Systems from $49.00 to $50.00 and gave the company a “neutral” rating in a research note 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 data from MarketBeat, Varonis Systems presently has an average rating of “Moderate Buy” and a consensus price target of $49.06.

Read Our Latest Stock Analysis on Varonis Systems

About Varonis Systems

(Free Report)

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.

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

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