NorthCoast Asset Management LLC Acquires 426 Shares of Varonis Systems, Inc. (VRNS)

NorthCoast Asset Management LLC grew its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,241 shares of the technology company’s stock after acquiring an additional 426 shares during the quarter. NorthCoast Asset Management LLC owned 0.14% of Varonis Systems worth $1,460,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Timpani Capital Management LLC boosted its position in shares of Varonis Systems by 26.4% in the second quarter. Timpani Capital Management LLC now owns 180,525 shares of the technology company’s stock valued at $6,716,000 after acquiring an additional 37,740 shares during the period. Alliancebernstein L.P. boosted its position in shares of Varonis Systems by 209.5% in the second quarter. Alliancebernstein L.P. now owns 27,300 shares of the technology company’s stock valued at $1,016,000 after acquiring an additional 18,480 shares during the period. Wells Fargo & Company MN boosted its position in shares of Varonis Systems by 11.1% in the second quarter. Wells Fargo & Company MN now owns 71,271 shares of the technology company’s stock valued at $2,652,000 after acquiring an additional 7,121 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Varonis Systems in the second quarter valued at about $122,000. Finally, Swiss National Bank boosted 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 period. 82.41% of the stock is owned by institutional investors.

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In other news, CEO Yakov Faitelson sold 56,085 shares of Varonis Systems stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $37.04, for a total transaction of $2,077,388.40. Following the completion of the sale, the chief executive officer now owns 397,083 shares in the company, valued at approximately $14,707,954.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gili Iohan sold 7,618 shares of Varonis Systems stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $37.00, for a total value of $281,866.00. Following the sale, the director now owns 60,017 shares of the company’s stock, valued at approximately $2,220,629. The disclosure for this sale can be found here. In the last 90 days, insiders sold 327,231 shares of company stock valued at $12,436,824. 19.50% of the stock is owned by corporate insiders.

Varonis Systems, Inc. (VRNS) traded down 0.190% during midday trading on Monday, reaching $39.375. 57,392 shares of the company traded hands. Varonis Systems, Inc. has a one year low of $24.45 and a one year high of $40.00. The firm’s market capitalization is $1.08 billion. The firm has a 50-day moving average price of $38.00 and a 200-day moving average price of $34.46.

Varonis Systems (NASDAQ:VRNS) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.09. Varonis Systems had a negative return on equity of 20.94% and a negative net margin of 9.03%. The business had revenue of $50.20 million during the quarter, compared to the consensus estimate of $47.50 million. During the same quarter last year, the company earned ($0.12) EPS. The firm’s revenue was up 30.1% compared to the same quarter last year. Equities analysts predict that Varonis Systems, Inc. will post $0.09 EPS for the current fiscal year.

VRNS has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Varonis Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Imperial Capital reissued an “outperform” rating and issued a $46.00 target price (up previously from $39.00) on shares of Varonis Systems in a research report on Friday, August 4th. Royal Bank Of Canada reissued a “buy” rating and issued a $42.00 target price on shares of Varonis Systems in a research report on Thursday, July 20th. Morgan Stanley raised shares of Varonis Systems from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $24.00 to $35.00 in a research report on Wednesday, June 21st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $45.00 target price on shares of Varonis Systems in a research report on Thursday. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $42.60.

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.

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

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