Public Employees Retirement Association of Colorado Has $587,000 Stock Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Public Employees Retirement Association of Colorado reduced its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 6.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 12,230 shares of the technology company’s stock after selling 856 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Varonis Systems were worth $587,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fidelis Capital Partners LLC bought a new position in Varonis Systems during the first quarter worth $63,000. NBC Securities Inc. acquired a new position in Varonis Systems in the 1st quarter valued at about $68,000. Assetmark Inc. bought a new position in Varonis Systems in the 4th quarter valued at about $98,000. Mercer Global Advisors Inc. ADV acquired a new stake in Varonis Systems during the second quarter worth approximately $215,000. Finally, O Neil Global Advisors Inc. boosted its holdings in shares of Varonis Systems by 4.8% during the second quarter. O Neil Global Advisors Inc. now owns 4,775 shares of the technology company’s stock worth $229,000 after acquiring an additional 220 shares during the period. Institutional investors own 95.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays increased their target price on Varonis Systems from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Susquehanna lifted their target price on Varonis Systems from $55.00 to $65.00 and gave the stock a “positive” rating in a report on Tuesday, July 30th. Royal Bank of Canada boosted their target price on shares of Varonis Systems from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Wedbush reaffirmed an “outperform” rating and set a $67.00 price target on shares of Varonis Systems in a research report on Monday, August 26th. Finally, Wells Fargo & Company boosted their price objective on shares of Varonis Systems from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.33.

Insider Activity at Varonis Systems

In other Varonis Systems news, Vice Chairman James O’boyle sold 75,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $51.04, for a total transaction of $3,828,000.00. Following the sale, the insider now owns 494,114 shares of the company’s stock, valued at $25,219,578.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.60% of the stock is owned by insiders.

Varonis Systems Price Performance

Varonis Systems stock opened at $57.06 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.44 and a current ratio of 2.44. Varonis Systems, Inc. has a 52 week low of $29.47 and a 52 week high of $58.32. The stock has a market capitalization of $6.36 billion, a P/E ratio of -60.70 and a beta of 0.81. The stock has a fifty day moving average of $53.63 and a 200-day moving average of $48.35.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Monday, July 29th. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.07. The firm had revenue of $130.35 million during the quarter, compared to the consensus estimate of $124.83 million. Varonis Systems had a negative return on equity of 18.31% and a negative net margin of 16.97%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.35) earnings per share. On average, sell-side analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Varonis Systems Profile

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.