Natixis Advisors LLC Purchases 16,565 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Natixis Advisors LLC raised its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 138.9% in the 3rd quarter, Holdings Channel reports. The firm owned 28,490 shares of the technology company’s stock after acquiring an additional 16,565 shares during the period. Natixis Advisors LLC’s holdings in Varonis Systems were worth $1,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of Varonis Systems by 445.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock valued at $29,000 after purchasing an additional 423 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Varonis Systems by 5,550.0% in the third quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company’s stock valued at $140,000 after buying an additional 2,442 shares in the last quarter. KBC Group NV grew its position in Varonis Systems by 25.5% in the third quarter. KBC Group NV now owns 3,263 shares of the technology company’s stock valued at $184,000 after acquiring an additional 663 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Varonis Systems during the second quarter worth about $215,000. Finally, O Neil Global Advisors Inc. lifted its holdings in shares of Varonis Systems by 4.8% in the second quarter. O Neil Global Advisors Inc. now owns 4,775 shares of the technology company’s stock worth $229,000 after acquiring an additional 220 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Stock Performance

NASDAQ:VRNS opened at $50.11 on Tuesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.81 and a current ratio of 1.81. Varonis Systems, Inc. has a fifty-two week low of $39.67 and a fifty-two week high of $60.58. The company has a 50 day simple moving average of $54.98 and a two-hundred day simple moving average of $50.88. The company has a market capitalization of $5.64 billion, a PE ratio of -66.69 and a beta of 0.82.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. The company had revenue of $148.07 million during the quarter, compared to analysts’ expectations of $141.62 million. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. Varonis Systems’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.22) earnings per share. Research analysts anticipate that Varonis Systems, Inc. will post -0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VRNS. Baird R W upgraded shares of Varonis Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 30th. Robert W. Baird upped their price target on shares of Varonis Systems from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Truist Financial reiterated a “buy” rating and issued a $60.00 price target (up from $55.00) on shares of Varonis Systems in a research note on Tuesday, July 30th. Wells Fargo & Company boosted their price objective on Varonis Systems from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased their target price on Varonis Systems from $59.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.67.

Insider Transactions at Varonis Systems

In other Varonis Systems 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 transaction, the chief financial officer now directly owns 504,598 shares in the company, valued at approximately $27,096,912.60. This 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 link. Also, Vice Chairman James O’boyle sold 50,000 shares of Varonis Systems stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $59.76, for a total transaction of $2,988,000.00. Following the completion of the sale, the insider now owns 444,114 shares of the company’s stock, valued at $26,540,252.64. This represents a 10.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

About Varonis Systems

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.