Varonis Systems, Inc. (NASDAQ:VRNS) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNSGet Rating) by 10.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 31,625 shares of the technology company’s stock after purchasing an additional 2,925 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Varonis Systems were worth $1,503,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new position in Varonis Systems during the first quarter worth about $25,000. Quadrant Capital Group LLC lifted its holdings in shares of Varonis Systems by 116.7% in the first quarter. Quadrant Capital Group LLC now owns 622 shares of the technology company’s stock valued at $30,000 after purchasing an additional 335 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Varonis Systems by 140.5% in the first quarter. Parallel Advisors LLC now owns 885 shares of the technology company’s stock valued at $42,000 after purchasing an additional 517 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Varonis Systems by 35.9% in the first quarter. Captrust Financial Advisors now owns 1,385 shares of the technology company’s stock valued at $66,000 after purchasing an additional 366 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Varonis Systems by 420.9% in the first quarter. Signaturefd LLC now owns 1,969 shares of the technology company’s stock valued at $94,000 after purchasing an additional 1,591 shares in the last quarter. 92.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on VRNS shares. Craig Hallum reduced their price target on shares of Varonis Systems from $64.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, August 2nd. Wolfe Research downgraded shares of Varonis Systems from an “outperform” rating to a “peer perform” rating in a report on Monday, July 25th. Morgan Stanley reduced their price objective on shares of Varonis Systems from $35.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 2nd. Cowen reduced their price objective on shares of Varonis Systems from $62.00 to $53.00 in a research note on Tuesday, August 2nd. Finally, Citigroup reduced their price objective on shares of Varonis Systems from $47.00 to $36.00 in a research note on Friday, July 22nd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Varonis Systems presently has a consensus rating of “Moderate Buy” and an average price target of $42.93.

Insider Transactions at Varonis Systems

In other news, Director Ofer Segev sold 1,500 shares of the stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $31.48, for a total value of $47,220.00. Following the completion of the sale, the director now owns 75,410 shares of the company’s stock, valued at $2,373,906.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

Varonis Systems Stock Performance

Shares of VRNS stock opened at $27.38 on Thursday. Varonis Systems, Inc. has a one year low of $24.58 and a one year high of $69.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.34 and a current ratio of 4.34. The company has a 50 day moving average price of $28.39 and a 200 day moving average price of $34.59. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of -22.26 and a beta of 1.13.

Varonis Systems (NASDAQ:VRNSGet Rating) last released its quarterly earnings data on Monday, August 1st. The technology company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.07). Varonis Systems had a negative return on equity of 22.15% and a negative net margin of 30.67%. The business had revenue of $111.45 million during the quarter, compared to analyst estimates of $111.40 million. Sell-side analysts anticipate that Varonis Systems, Inc. will post -0.98 EPS for the current year.

Varonis Systems Company Profile

(Get Rating)

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; strategic and product plans; and other intellectual property.

See Also

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Institutional Ownership by Quarter for Varonis Systems (NASDAQ:VRNS)

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