Gofen & Glossberg LLC IL lowered its stake in Varonis Systems Inc (NASDAQ:VRNS) by 45.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,850 shares of the technology company’s stock after selling 4,000 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Varonis Systems were worth $235,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in shares of Varonis Systems by 5.9% in the second quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock valued at $197,000 after acquiring an additional 296 shares during the last quarter. Legal & General Group Plc increased its position in shares of Varonis Systems by 39.6% in the second quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock valued at $159,000 after acquiring an additional 1,223 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Varonis Systems in the second quarter valued at about $122,000. Swiss National Bank increased its position in shares of Varonis Systems by 16.6% in the second quarter. Swiss National Bank now owns 24,618 shares of the technology company’s stock valued at $916,000 after acquiring an additional 3,500 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Varonis Systems by 9.5% in the third quarter. New York State Common Retirement Fund now owns 41,740 shares of the technology company’s stock valued at $1,749,000 after acquiring an additional 3,620 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Varonis Systems Inc (NASDAQ:VRNS) opened at $52.90 on Thursday. Varonis Systems Inc has a 1-year low of $25.20 and a 1-year high of $53.85. The stock has a market capitalization of $1,430.00, a P/E ratio of -91.21 and a beta of 0.80.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.06 earnings per share (EPS) for the quarter. Varonis Systems had a negative return on equity of 18.97% and a negative net margin of 7.91%. The company had revenue of $53.60 million during the quarter, compared to analysts’ expectations of $50.53 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The business’s revenue was up 31.1% on a year-over-year basis. equities analysts forecast that Varonis Systems Inc will post -0.53 earnings per share for the current fiscal year.

A number of analysts recently issued reports on VRNS shares. Zacks Investment Research downgraded Varonis Systems from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $44.00 target price on shares of Varonis Systems in a research report on Wednesday, October 18th. Jefferies Group lifted their target price on Varonis Systems from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Needham & Company LLC reaffirmed a “buy” rating on shares of Varonis Systems in a research report on Friday, November 3rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of Varonis Systems in a research report on Friday, December 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Varonis Systems currently has an average rating of “Buy” and a consensus target price of $50.45.

In other news, CEO Yakov Faitelson sold 46,569 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $51.16, for a total transaction of $2,382,470.04. Following the completion of the sale, the chief executive officer now owns 211,572 shares in the company, valued at $10,824,023.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Guy Melamed sold 605 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.65, for a total value of $26,408.25. Following the sale, the chief financial officer now owns 95,491 shares of the company’s stock, valued at approximately $4,168,182.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 287,384 shares of company stock valued at $14,505,934. Corporate insiders own 19.50% of the company’s stock.

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Varonis Systems Company Profile

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.

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

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