Hodges Capital Management Inc. Sells 5,426 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Hodges Capital Management Inc. decreased its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 3.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 148,208 shares of the technology company’s stock after selling 5,426 shares during the period. Hodges Capital Management Inc.’s holdings in Varonis Systems were worth $6,585,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in Varonis Systems by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,615,462 shares of the technology company’s stock valued at $147,801,000 after acquiring an additional 29,050 shares during the period. Principal Financial Group Inc. grew its position in shares of Varonis Systems by 9.0% in 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 purchasing an additional 147,081 shares during the period. Assenagon Asset Management S.A. raised its holdings in Varonis Systems by 761.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,125,960 shares of the technology company’s stock worth $50,026,000 after buying an additional 995,274 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Varonis Systems by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 962,923 shares of the technology company’s stock valued at $54,405,000 after buying an additional 59,218 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of Varonis Systems by 46.7% in the third quarter. Two Sigma Advisers LP now owns 839,200 shares of the technology company’s stock valued at $47,415,000 after buying an additional 267,000 shares during the period. Institutional investors own 95.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VRNS shares. Jefferies Financial Group cut their price objective on shares of Varonis Systems from $60.00 to $50.00 and set a “hold” rating on the stock in a research report on Thursday, December 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $65.00 price objective on shares of Varonis Systems in a report on Wednesday, October 30th. Barclays boosted their target price on Varonis Systems from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. DA Davidson decreased their price target on shares of Varonis Systems from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Varonis Systems from $59.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.44.

Insider Activity

In related news, CFO Guy Melamed sold 91,345 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $53.70, for a total transaction of $4,905,226.50. Following the sale, the chief financial officer now owns 504,598 shares of the company’s stock, valued at $27,096,912.60. This represents a 15.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by company insiders.

Varonis Systems Stock Up 0.9 %

NASDAQ:VRNS opened at $45.36 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a 50 day simple moving average of $46.33 and a 200 day simple moving average of $51.38. Varonis Systems, Inc. has a 1-year low of $41.13 and a 1-year high of $60.58.

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.