3 days Ago By ABMN Staff
Federated Hermes Inc. lowered its position in Varonis Systems, Inc. ( NASDAQ:VRNS – Free Report ) by 6.
1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 351,619 shares of the technology company’s stock after selling 22,910 shares during the quarter. Federated Hermes Inc.
owned 0.31% of Varonis Systems worth $16,867,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also made changes to their positions in VRNS.
Quadrant Capital Group LLC grew its stake in Varonis Systems by 87.2% in the 4th quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company’s stock valued at $42,000 after acquiring an additional 429 shares during the last quarter.
Fidelis Capital Partners LLC purchased a new position in shares of Varonis Systems during the 1st quarter worth approximately $63,000. NBC Securities Inc. acquired a new position in shares of Varonis Systems during the 1st quarter worth approximately $68,000.
BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Varonis Systems during the 4th quarter worth approximately $77,000. Finally, Assetmark Inc. purchased a new stake in Varonis Systems in the 4th quarter valued at approximately $98,000.
Institutional investors and hedge funds own 95.65% of the company’s stock. Wall Street Analysts Forecast Growth Several brokerages have recently issued reports on VRNS.
Baird R W upgraded Varonis Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. Robert W. Baird upgraded shares of Varonis Systems from a “neutral” rating to an “outperform” rating and upped their target price for the company from $52.
00 to $60.00 in a report on Tuesday, July 30th. Susquehanna lifted their price target on shares of Varonis Systems from $55.
00 to $65.00 and gave the stock a “positive” rating in a report on Tuesday, July 30th. TD Cowen upped their price objective on shares of Varonis Systems from $54.
00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, Wedbush restated an “outperform” rating and set a $67.
00 target price on shares of Varonis Systems in a research report on Monday, August 26th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.33. Insider Activity In related news, Vice Chairman James O’boyle sold 75,000 shares of the company’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 completion of the sale, the insider now directly owns 494,114 shares of the company’s stock, valued at approximately $25,219,578.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website .
Insiders own 2.60% of the company’s stock. Varonis Systems Price Performance VRNS stock opened at $53.
75 on Monday. The company has a market cap of $6.03 billion, a PE ratio of -57.
18 and a beta of 0.81. The company has a current ratio of 2.
44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.55.
The stock has a 50-day moving average price of $52.35 and a two-hundred day moving average price of $47.99.
Varonis Systems, Inc. has a 12-month low of $29.47 and a 12-month high of $58.
32. Varonis Systems ( NASDAQ:VRNS – Get Free Report ) last issued its earnings results on Monday, July 29th. The technology company reported $0.
05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07.
Varonis Systems had a negative return on equity of 18.31% and a negative net margin of 16.97%.
The business had revenue of $130.35 million during the quarter, compared to analysts’ expectations of $124.83 million.
During the same quarter in the previous year, the business earned ($0.35) EPS. The company’s revenue for the quarter was up 12.
9% on a year-over-year basis. As a group, research analysts predict that Varonis Systems, Inc. will post -0.
83 EPS for the current year. 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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