Eagle Global Advisors LLC Increases Stake in Varonis Systems, Inc. (NASDAQ:VRNS)

Eagle Global Advisors LLC grew its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 11.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 48,200 shares of the technology company’s stock after buying an additional 5,000 shares during the quarter. Eagle Global Advisors LLC’s holdings in Varonis Systems were worth $2,182,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in VRNS. Quadrant Capital Group LLC lifted its stake in Varonis Systems by 87.2% during the fourth quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company’s stock worth $42,000 after purchasing an additional 429 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Varonis Systems during the fourth quarter worth approximately $77,000. International Assets Investment Management LLC lifted its stake in Varonis Systems by 1,779.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,992 shares of the technology company’s stock worth $90,000 after purchasing an additional 1,886 shares during the last quarter. Assetmark Inc. purchased a new stake in Varonis Systems during the fourth quarter worth approximately $98,000. Finally, Main Street Financial Solutions LLC purchased a new stake in Varonis Systems during the fourth quarter worth approximately $205,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Varonis Systems Price Performance

NASDAQ:VRNS traded up $0.52 during trading hours on Friday, hitting $45.07. The company’s stock had a trading volume of 1,189,926 shares, compared to its average volume of 1,134,018. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market capitalization of $5.03 billion, a PE ratio of -47.95 and a beta of 0.84. Varonis Systems, Inc. has a 52-week low of $24.66 and a 52-week high of $52.88. The business’s 50-day moving average is $45.41 and its two-hundred day moving average is $45.22.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, CEO Yakov Faitelson sold 284,211 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $45.23, for a total value of $12,854,863.53. Following the sale, the chief executive officer now owns 1,452,922 shares of the company’s stock, valued at $65,715,662.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Gili Iohan sold 19,500 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $50.54, for a total transaction of $985,530.00. Following the sale, the director now owns 19,263 shares of the company’s stock, valued at $973,552.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Yakov Faitelson sold 284,211 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $45.23, for a total value of $12,854,863.53. Following the sale, the chief executive officer now directly owns 1,452,922 shares in the company, valued at approximately $65,715,662.06. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on VRNS. Truist Financial restated a “buy” rating and set a $55.00 target price (up previously from $50.00) on shares of Varonis Systems in a research note on Wednesday, March 13th. Wedbush raised Varonis Systems from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $35.00 to $65.00 in a research report on Tuesday, February 6th. Piper Sandler lifted their price target on Varonis Systems from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. lifted their price target on Varonis Systems from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Finally, Wells Fargo & Company lifted their price target on Varonis Systems from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.06.

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.