SG Americas Securities LLC Decreases Stock Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

SG Americas Securities LLC trimmed its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,333 shares of the technology company’s stock after selling 783 shares during the quarter. SG Americas Securities LLC’s holdings in Varonis Systems were worth $782,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake in Varonis Systems by 7.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,340 shares of the technology company’s stock worth $193,000 after purchasing an additional 298 shares in the last quarter. Teza Capital Management LLC lifted its stake in Varonis Systems by 3.1% in the 4th quarter. Teza Capital Management LLC now owns 9,840 shares of the technology company’s stock worth $437,000 after purchasing an additional 299 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in Varonis Systems by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 11,534 shares of the technology company’s stock worth $512,000 after purchasing an additional 365 shares in the last quarter. Bailard Inc. lifted its stake in Varonis Systems by 0.4% in the 4th quarter. Bailard Inc. now owns 93,627 shares of the technology company’s stock worth $4,160,000 after purchasing an additional 417 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Varonis Systems by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 40,209 shares of the technology company’s stock worth $1,786,000 after purchasing an additional 424 shares in the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Varonis Systems

In related news, Director Den Bosch Fred Van sold 6,000 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total value of $300,000.00. Following the completion of the sale, the director now directly owns 131,666 shares of the company’s stock, valued at $6,583,300. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Varonis Systems Stock Up 0.1%

Varonis Systems stock opened at $49.71 on Friday. Varonis Systems, Inc. has a fifty-two week low of $36.53 and a fifty-two week high of $60.58. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a 50 day moving average price of $45.55 and a 200 day moving average price of $44.35. The company has a market capitalization of $5.56 billion, a PE ratio of -61.37 and a beta of 0.76.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.26). The business had revenue of $136.42 million during the quarter, compared to analyst estimates of $133.10 million. Varonis Systems had a negative return on equity of 20.01% and a negative net margin of 15.88%. The business’s revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.03) EPS. Research analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

VRNS has been the topic of several analyst reports. Morgan Stanley reduced their price target on shares of Varonis Systems from $54.00 to $46.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. 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. Barclays reduced their price target on shares of Varonis Systems from $60.00 to $52.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their price target on shares of Varonis Systems from $55.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Finally, Wall Street Zen raised shares of Varonis Systems from a “sell” rating to a “hold” rating in a research report on Monday, April 28th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.06.

Varonis Systems Company 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.