Natixis Investment Managers International Sells 922 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Natixis Investment Managers International reduced its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 24.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,825 shares of the technology company’s stock after selling 922 shares during the quarter. Natixis Investment Managers International’s holdings in Varonis Systems were worth $133,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of VRNS. Quadrant Capital Group LLC grew its holdings in shares of 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 buying an additional 429 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Varonis Systems during the first quarter worth about $63,000. NBC Securities Inc. bought a new position in shares of Varonis Systems during the first quarter worth about $68,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Varonis Systems during the fourth quarter worth about $77,000. Finally, International Assets Investment Management LLC grew its holdings in shares of 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 buying an additional 1,886 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Varonis Systems news, CEO Yakov Faitelson sold 284,211 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $45.23, for a total transaction of $12,854,863.53. Following the transaction, the chief executive officer now owns 1,452,922 shares in the company, valued at approximately $65,715,662.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by insiders.

Varonis Systems Stock Performance

NASDAQ:VRNS traded up $0.25 during mid-day trading on Thursday, hitting $46.91. 1,439,765 shares of the stock were exchanged, compared to its average volume of 1,228,106. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of -50.49 and a beta of 0.83. The firm’s 50-day simple moving average is $45.21 and its 200 day simple moving average is $46.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.38 and a current ratio of 2.38. Varonis Systems, Inc. has a fifty-two week low of $26.83 and a fifty-two week high of $52.88.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Monday, May 6th. The technology company reported ($0.37) earnings per share for the quarter, hitting the consensus estimate of ($0.37). The business had revenue of $114.02 million during the quarter, compared to analysts’ expectations of $113.81 million. Varonis Systems had a negative return on equity of 21.33% and a negative net margin of 20.38%. As a group, equities analysts anticipate that Varonis Systems, Inc. will post -0.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Varonis Systems from $56.00 to $58.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Needham & Company LLC reissued a “hold” rating on shares of Varonis Systems in a research report on Monday, May 13th. JPMorgan Chase & Co. raised Varonis Systems from a “neutral” rating to an “overweight” rating and increased their price target for the company from $50.00 to $54.00 in a research report on Friday, June 14th. Robert W. Baird increased their price target on Varonis Systems from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Finally, Barclays increased their price target on Varonis Systems from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Varonis Systems currently has an average rating of “Moderate Buy” and a consensus target price of $50.44.

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.