Bailard Inc. Boosts Stock Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Bailard Inc. grew its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 23.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,825 shares of the technology company’s stock after buying an additional 16,785 shares during the period. Bailard Inc.’s holdings in Varonis Systems were worth $4,067,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VRNS. Vanguard Group Inc. lifted its holdings in Varonis Systems by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 11,251,092 shares of the technology company’s stock worth $343,608,000 after purchasing an additional 180,082 shares in the last quarter. Cadian Capital Management LP increased its position in shares of Varonis Systems by 34.6% during the 3rd quarter. Cadian Capital Management LP now owns 3,574,334 shares of the technology company’s stock valued at $109,160,000 after purchasing an additional 919,334 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Varonis Systems by 6.7% during the 3rd quarter. William Blair Investment Management LLC now owns 3,252,160 shares of the technology company’s stock valued at $99,321,000 after purchasing an additional 205,105 shares during the last quarter. RGM Capital LLC increased its position in shares of Varonis Systems by 2.0% during the 3rd quarter. RGM Capital LLC now owns 1,846,889 shares of the technology company’s stock valued at $56,404,000 after purchasing an additional 36,015 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its position in shares of Varonis Systems by 30.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,424,248 shares of the technology company’s stock valued at $43,496,000 after purchasing an additional 329,045 shares during the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ofer Segev sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $52.13, for a total value of $260,650.00. Following the transaction, the director now owns 75,682 shares in the company, valued at $3,945,302.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Gili Iohan sold 19,500 shares of Varonis Systems stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $50.54, for a total value of $985,530.00. Following the completion of the sale, the director now directly owns 19,263 shares of the company’s stock, valued at $973,552.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ofer Segev sold 5,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $52.13, for a total value of $260,650.00. Following the transaction, the director now directly owns 75,682 shares of the company’s stock, valued at $3,945,302.66. The disclosure for this sale can be found here. Insiders have sold a total of 372,419 shares of company stock worth $18,571,413 over the last quarter. 2.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VRNS shares. Wells Fargo & Company upped their target price on Varonis Systems from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. JMP Securities restated a “market outperform” rating and set a $63.00 price objective on shares of Varonis Systems in a research note on Monday, February 5th. Royal Bank of Canada restated an “outperform” rating and set a $56.00 price objective on shares of Varonis Systems in a research note on Friday, March 15th. Robert W. Baird increased their price target on Varonis Systems from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Finally, DA Davidson reissued a “neutral” rating and issued a $45.00 price objective (up from $37.00) on shares of Varonis Systems in a report on Thursday, January 18th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Varonis Systems presently has an average rating of “Moderate Buy” and an average price target of $48.81.

Varonis Systems Price Performance

VRNS traded up $0.02 during trading on Thursday, hitting $44.89. The company’s stock had a trading volume of 253,208 shares, compared to its average volume of 1,181,364. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.51. Varonis Systems, Inc. has a twelve month low of $22.34 and a twelve month high of $52.88. The business’s fifty day simple moving average is $47.72 and its 200 day simple moving average is $43.43. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of -48.77 and a beta of 0.85.

Varonis Systems (NASDAQ:VRNS) last released its earnings results on Monday, February 5th. The technology company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.08. The business had revenue of $154.10 million for the quarter, compared to the consensus estimate of $151.64 million. Varonis Systems had a negative return on equity of 20.04% and a negative net margin of 20.22%. On average, equities research analysts forecast that Varonis Systems, Inc. will post -0.96 EPS for the current fiscal year.

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.