Varonis Systems, Inc. (NASDAQ:VRNS) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC raised its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 30.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 405,321 shares of the technology company’s stock after acquiring an additional 95,531 shares during the period. WCM Investment Management LLC owned 0.36% of Varonis Systems worth $17,798,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in VRNS. Assenagon Asset Management S.A. grew its position in shares of Varonis Systems by 761.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,125,960 shares of the technology company’s stock valued at $50,026,000 after purchasing an additional 995,274 shares during the period. Two Sigma Advisers LP boosted its stake in Varonis Systems by 46.7% in the 3rd quarter. Two Sigma Advisers LP now owns 839,200 shares of the technology company’s stock worth $47,415,000 after buying an additional 267,000 shares during the last quarter. Thematics Asset Management grew its holdings in Varonis Systems by 40.2% in the 3rd quarter. Thematics Asset Management now owns 530,000 shares of the technology company’s stock valued at $29,945,000 after buying an additional 152,000 shares during the period. Principal Financial Group Inc. increased its stake in shares of Varonis Systems by 9.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,783,873 shares of the technology company’s stock valued at $100,789,000 after acquiring an additional 147,081 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Varonis Systems by 97.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 251,516 shares of the technology company’s stock worth $14,211,000 after acquiring an additional 124,368 shares during the period. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Insider Activity

In related news, CFO Guy Melamed sold 91,345 shares of Varonis Systems stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $53.70, for a total value of $4,905,226.50. Following the transaction, the chief financial officer now owns 504,598 shares of the company’s stock, valued at approximately $27,096,912.60. This trade represents a 15.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $67.00 target price on shares of Varonis Systems in a report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on shares of Varonis Systems from $48.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Piper Sandler cut their target price on Varonis Systems from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. UBS Group boosted their price target on Varonis Systems from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Citigroup cut their price objective on Varonis Systems from $57.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.38.

Varonis Systems Stock Up 1.4 %

NASDAQ VRNS opened at $40.59 on Monday. Varonis Systems, Inc. has a 12 month low of $39.62 and a 12 month high of $60.58. The company has a market capitalization of $4.57 billion, a P/E ratio of -47.20 and a beta of 0.83. The company’s 50 day simple moving average is $45.68 and its 200 day simple moving average is $51.21. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.81 and a quick ratio of 1.81.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.24). Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.45%. Equities research analysts expect that Varonis Systems, Inc. will post -0.74 earnings per share 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.