Dupont Capital Management Corp Raises Stock Position in Varonis Systems Inc (NASDAQ:VRNS)

Dupont Capital Management Corp lifted its holdings in shares of Varonis Systems Inc (NASDAQ:VRNS) by 17.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,240 shares of the technology company’s stock after purchasing an additional 1,064 shares during the period. Dupont Capital Management Corp’s holdings in Varonis Systems were worth $641,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VRNS. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Varonis Systems during the 1st quarter worth approximately $131,000. UBS Group AG grew its stake in Varonis Systems by 38.4% in the 4th quarter. UBS Group AG now owns 44,734 shares of the technology company’s stock worth $3,476,000 after acquiring an additional 12,418 shares during the period. Bank of New York Mellon Corp grew its stake in Varonis Systems by 0.7% in the 4th quarter. Bank of New York Mellon Corp now owns 129,185 shares of the technology company’s stock worth $10,039,000 after acquiring an additional 953 shares during the period. Cubist Systematic Strategies LLC grew its stake in Varonis Systems by 130.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 4,403 shares of the technology company’s stock worth $342,000 after acquiring an additional 2,496 shares during the period. Finally, Geode Capital Management LLC grew its stake in Varonis Systems by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 414,018 shares of the technology company’s stock worth $32,172,000 after acquiring an additional 11,159 shares during the period. 97.33% of the stock is owned by institutional investors and hedge funds.

In other Varonis Systems news, CFO Guy Melamed sold 13,553 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $94.61, for a total value of $1,282,249.33. Following the transaction, the chief financial officer now owns 177,286 shares in the company, valued at approximately $16,773,028.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gili Iohan sold 10,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the director now owns 24,273 shares in the company, valued at approximately $2,427,300. The disclosure for this sale can be found here. Insiders have sold a total of 101,748 shares of company stock worth $10,029,973 in the last 90 days. Company insiders own 2.70% of the company’s stock.

NASDAQ:VRNS opened at $108.35 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of -37.75 and a beta of 1.08. The firm’s fifty day simple moving average is $96.57 and its 200 day simple moving average is $80.67. Varonis Systems Inc has a twelve month low of $48.95 and a twelve month high of $111.47.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Monday, May 4th. The technology company reported ($0.56) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.59) by $0.03. The business had revenue of $54.18 million for the quarter, compared to analyst estimates of $54.04 million. Varonis Systems had a negative net margin of 34.74% and a negative return on equity of 93.70%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.37) EPS. On average, analysts predict that Varonis Systems Inc will post -2.82 earnings per share for the current year.

Several analysts have commented on the stock. BidaskClub raised shares of Varonis Systems from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson lifted their target price on shares of Varonis Systems from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. UBS Group lowered their target price on shares of Varonis Systems from $85.00 to $70.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Jefferies Financial Group lifted their target price on shares of Varonis Systems from $90.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Finally, ValuEngine cut shares of Varonis Systems from a “buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $99.29.

Varonis Systems Profile

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.

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

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