SG Americas Securities LLC Buys 15,104 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

SG Americas Securities LLC boosted its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 301.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,116 shares of the technology company’s stock after purchasing an additional 15,104 shares during the quarter. SG Americas Securities LLC’s holdings in Varonis Systems were worth $894,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. AMI Asset Management Corp lifted its holdings in shares of Varonis Systems by 91.7% during the 4th quarter. AMI Asset Management Corp now owns 16,456 shares of the technology company’s stock worth $731,000 after acquiring an additional 7,872 shares during the last quarter. Oak Ridge Investments LLC bought a new stake in Varonis Systems in the 4th quarter worth approximately $1,398,000. Assenagon Asset Management S.A. grew its position in Varonis Systems by 761.6% during 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 acquiring an additional 995,274 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Varonis Systems by 12.2% in the 4th quarter. Diversified Trust Co now owns 15,113 shares of the technology company’s stock worth $671,000 after acquiring an additional 1,639 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings 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 purchasing an additional 147,081 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Stock Performance

Varonis Systems stock opened at $45.73 on Wednesday. Varonis Systems, Inc. has a twelve month low of $41.13 and a twelve month high of $60.58. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $5.14 billion, a P/E ratio of -60.97 and a beta of 0.83. The stock’s 50 day moving average is $46.64 and its 200 day moving average is $51.49.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $148.07 million during the quarter, compared to the consensus estimate of $141.62 million. Varonis Systems had a negative return on equity of 17.58% and a negative net margin of 15.31%. The company’s revenue was up 21.1% on a year-over-year basis. During the same period last year, the company earned ($0.22) earnings per share. On average, equities research analysts predict that Varonis Systems, Inc. will post -0.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, CFO Guy Melamed sold 91,345 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 504,598 shares of the company’s stock, valued at approximately $27,096,912.60. The trade was a 15.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VRNS has been the subject of a number of recent research reports. Citigroup lowered their target price on Varonis Systems from $57.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Jefferies Financial Group lowered their price target on shares of Varonis Systems from $60.00 to $50.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Varonis Systems in a research note on Wednesday, October 30th. DA Davidson reduced their price target on Varonis Systems from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, December 12th. Finally, UBS Group increased their price objective on Varonis Systems from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.44.

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.