Wealth Enhancement Advisory Services LLC Invests $207,000 in Varonis Systems, Inc. (NASDAQ:VRNS)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 4,650 shares of the technology company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quarry LP bought a new position in Varonis Systems during the 4th quarter worth about $36,000. Johnson Financial Group Inc. acquired a new stake in Varonis Systems in the 4th quarter valued at about $61,000. Transce3nd LLC acquired a new stake in Varonis Systems in the 4th quarter valued at about $62,000. New Age Alpha Advisors LLC bought a new stake in shares of Varonis Systems during the fourth quarter worth approximately $70,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of Varonis Systems during the fourth quarter worth approximately $163,000. Institutional investors own 95.65% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Varonis Systems from $55.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Wolfe Research upgraded shares of Varonis Systems from a “peer perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Friday, March 28th. Royal Bank of Canada lifted their price target on shares of Varonis Systems from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. UBS Group lifted their price target on shares of Varonis Systems from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Finally, Barclays dropped their price target on shares of Varonis Systems from $60.00 to $52.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.06.

Varonis Systems Stock Up 0.9%

Shares of VRNS opened at $49.45 on Tuesday. The firm has a 50 day simple moving average of $44.98 and a two-hundred day simple moving average of $44.28. The company has a market cap of $5.53 billion, a P/E ratio of -57.50 and a beta of 0.76. Varonis Systems, Inc. has a one year low of $36.53 and a one year high of $60.58. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 1.24.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.26). The company had revenue of $136.42 million during the quarter, compared to analyst estimates of $133.10 million. Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.35%. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) earnings per share. Research analysts forecast that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Insider Activity at Varonis Systems

In other Varonis Systems news, Director Den Bosch Fred Van sold 6,000 shares of the company’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total transaction of $300,000.00. Following the sale, the director now owns 131,666 shares of the company’s stock, valued at approximately $6,583,300. This represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by company insiders.

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.