Cerity Partners LLC Has $597,000 Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Cerity Partners LLC increased its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 56.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,763 shares of the technology company’s stock after buying an additional 5,343 shares during the period. Cerity Partners LLC’s holdings in Varonis Systems were worth $597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of VRNS. Vanguard Group Inc. grew its holdings in Varonis Systems by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 12,246,769 shares of the technology company’s stock worth $544,124,000 after acquiring an additional 193,210 shares during the period. First Trust Advisors LP grew its stake in Varonis Systems by 4.8% during the fourth quarter. First Trust Advisors LP now owns 2,501,581 shares of the technology company’s stock worth $111,145,000 after purchasing an additional 113,573 shares during the period. Pictet Asset Management Holding SA grew its stake in Varonis Systems by 1.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,287,544 shares of the technology company’s stock worth $101,636,000 after purchasing an additional 29,852 shares during the period. Hood River Capital Management LLC increased its holdings in Varonis Systems by 12.3% in the fourth quarter. Hood River Capital Management LLC now owns 2,116,882 shares of the technology company’s stock worth $94,053,000 after purchasing an additional 231,998 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Varonis Systems by 28.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,953,810 shares of the technology company’s stock valued at $86,807,000 after buying an additional 431,306 shares during the period. Institutional investors and hedge funds own 95.65% of the company’s stock.

Varonis Systems Stock Up 3.0%

VRNS opened at $53.38 on Friday. Varonis Systems, Inc. has a 12 month low of $36.53 and a 12 month high of $60.58. The company has a market cap of $5.97 billion, a PE ratio of -65.90 and a beta of 0.76. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.23. The company has a 50 day moving average of $49.72 and a 200 day moving average of $45.08.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group raised their price objective on shares of Varonis Systems from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Morgan Stanley reduced their price target on shares of Varonis Systems from $54.00 to $46.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. decreased 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 note on Monday, April 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $60.00 price objective on shares of Varonis Systems in a research report on Tuesday. Finally, Wolfe Research upgraded Varonis Systems from a “peer perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Friday, March 28th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.67.

Insider Buying and Selling at Varonis Systems

In other news, Director Den Bosch Fred Van sold 6,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total value of $300,000.00. Following the sale, the director directly owned 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 filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is currently owned by corporate 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.