Stephens Investment Management Group LLC Lowers Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Stephens Investment Management Group LLC cut its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 0.4% in the fourth quarter, HoldingsChannel reports. The fund owned 1,398,777 shares of the technology company’s stock after selling 6,066 shares during the period. Stephens Investment Management Group LLC’s holdings in Varonis Systems were worth $62,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stoneridge Investment Partners LLC bought a new position in Varonis Systems in the 4th quarter worth $224,000. WCM Investment Management LLC grew its position in shares of Varonis Systems by 30.8% during the fourth quarter. WCM Investment Management LLC now owns 405,321 shares of the technology company’s stock worth $17,798,000 after purchasing an additional 95,531 shares in the last quarter. E. Ohman J or Asset Management AB raised its stake in Varonis Systems by 8.6% during the 4th quarter. E. Ohman J or Asset Management AB now owns 31,700 shares of the technology company’s stock valued at $1,408,000 after purchasing an additional 2,500 shares during the period. R Squared Ltd purchased a new position in Varonis Systems in the 4th quarter worth approximately $194,000. Finally, Pacer Advisors Inc. boosted its stake in Varonis Systems by 29.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company’s stock worth $118,000 after purchasing an additional 603 shares during the period. Institutional investors own 95.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VRNS shares. Jefferies Financial Group dropped their target price on shares of Varonis Systems from $60.00 to $50.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $67.00 target price on shares of Varonis Systems in a report on Wednesday. Wells Fargo & Company dropped their price target on Varonis Systems from $48.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday. DA Davidson reduced their price objective on Varonis Systems from $50.00 to $47.00 and set a “neutral” rating on the stock in a research note on Thursday, December 12th. Finally, Robert W. Baird raised their target price on shares of Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Varonis Systems presently has a consensus rating of “Moderate Buy” and an average target price of $59.38.

Varonis Systems Trading Up 1.4 %

Shares of NASDAQ VRNS opened at $40.59 on Friday. The company has a market cap of $4.57 billion, a price-to-earnings ratio of -47.20 and a beta of 0.83. Varonis Systems, Inc. has a fifty-two week low of $39.62 and a fifty-two week high of $60.58. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.81 and a current ratio of 1.81. The business’s 50 day moving average price is $45.68 and its 200-day moving average price is $51.18.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data 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 return on equity of 20.45% and a negative net margin of 17.38%. On average, sell-side analysts expect that Varonis Systems, Inc. will post -0.74 earnings per share for the current year.

Insider Activity

In other news, CFO Guy Melamed sold 91,345 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total value of $4,905,226.50. Following the sale, the chief financial officer now directly owns 504,598 shares in the company, valued at approximately $27,096,912.60. This trade represents a 15.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Varonis Systems Company 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.