First Trust Advisors LP Sells 81,071 Shares of Varonis Systems, Inc. (VRNS)
First Trust Advisors LP reduced its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 29.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 195,139 shares of the technology company’s stock after selling 81,071 shares during the quarter. First Trust Advisors LP owned approximately 0.71% of Varonis Systems worth $8,176,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of VRNS. Oppenheimer Asset Management Inc. bought a new position in shares of Varonis Systems in the 2nd quarter worth about $122,000. Fortaleza Asset Management Inc. bought a new position in shares of Varonis Systems in the 2nd quarter worth about $151,000. Legal & General Group Plc lifted its position in Varonis Systems by 39.6% in the 2nd quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,223 shares during the last quarter. Adams Street Partners LLC bought a new stake in Varonis Systems in the 2nd quarter valued at about $163,000. Finally, Van ECK Associates Corp lifted its position in Varonis Systems by 5.9% in the 2nd quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock valued at $197,000 after purchasing an additional 296 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.
Varonis Systems, Inc. (NASDAQ VRNS) opened at $48.80 on Monday. Varonis Systems, Inc. has a 52 week low of $24.75 and a 52 week high of $51.70.
Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $53.60 million for the quarter, compared to analysts’ expectations of $50.53 million. Varonis Systems had a negative net margin of 7.91% and a negative return on equity of 18.97%. The business’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.03) EPS. analysts predict that Varonis Systems, Inc. will post -0.53 earnings per share for the current fiscal year.
In other news, Director Gili Iohan sold 50,000 shares of Varonis Systems stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $39.32, for a total value of $1,966,000.00. Following the transaction, the director now directly owns 59,650 shares of the company’s stock, valued at $2,345,438. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Yakov Faitelson sold 70,842 shares of Varonis Systems stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $40.96, for a total transaction of $2,901,688.32. Following the completion of the transaction, the chief executive officer now directly owns 334,908 shares in the company, valued at $13,717,831.68. The disclosure for this sale can be found here. Insiders sold a total of 465,013 shares of company stock worth $19,116,878 in the last ninety days. Corporate insiders own 19.50% of the company’s stock.
Several analysts recently weighed in on VRNS shares. Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 price objective (up from $44.00) on shares of Varonis Systems in a research report on Monday, September 11th. Royal Bank Of Canada reissued a “buy” rating and set a $44.00 target price on shares of Varonis Systems in a research note on Monday, September 11th. Jefferies Group LLC reissued a “buy” rating and set a $45.00 target price on shares of Varonis Systems in a research note on Thursday, September 7th. Needham & Company LLC raised their target price on shares of Varonis Systems from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Finally, Zacks Investment Research raised shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Thursday, August 10th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $44.90.
About Varonis Systems
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
Receive News & Ratings for Varonis Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.