Magnetar Financial LLC Purchases New Shares in Varonis Systems, Inc. (NASDAQ:VRNS)

Magnetar Financial LLC bought a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the 1st quarter, Holdings Channel reports. The fund bought 9,767 shares of the technology company’s stock, valued at approximately $461,000.

Other institutional investors also recently made changes to their positions in the company. Natixis Advisors L.P. lifted its holdings in Varonis Systems by 3.7% in the fourth quarter. Natixis Advisors L.P. now owns 10,441 shares of the technology company’s stock worth $472,000 after acquiring an additional 370 shares during the last quarter. Quadrant Capital Group LLC increased 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 valued at $42,000 after purchasing an additional 429 shares during the period. O Shaughnessy Asset Management LLC grew its position in Varonis Systems by 12.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,713 shares of the technology company’s stock valued at $364,000 after buying an additional 865 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Varonis Systems during the 1st quarter worth about $63,000. Finally, NBC Securities Inc. acquired a new position in shares of Varonis Systems during the first quarter valued at approximately $68,000. 95.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on VRNS shares. Needham & Company LLC reiterated a “hold” rating on shares of Varonis Systems in a report on Monday, May 13th. JPMorgan Chase & Co. raised shares of Varonis Systems from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $50.00 to $54.00 in a research note on Friday, June 14th. Robert W. Baird lifted their price target on Varonis Systems from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Friday. Royal Bank of Canada lifted their target price on Varonis Systems from $56.00 to $58.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Finally, Barclays lifted their price target on Varonis Systems from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Seven research 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, Varonis Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.56.

Insider Buying and Selling

In other news, CEO Yakov Faitelson sold 284,211 shares of the firm’s stock in a transaction dated 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 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 legal filing with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by company insiders.

Varonis Systems Trading Up 0.0 %

NASDAQ:VRNS traded up $0.01 on Monday, hitting $48.48. 182,456 shares of the stock were exchanged, compared to its average volume of 1,222,767. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of -51.56 and a beta of 0.82. 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 52 week low of $28.15 and a 52 week high of $52.88. The company’s 50-day moving average price is $45.38 and its 200 day moving average price is $46.33.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Monday, May 6th. The technology company reported ($0.37) EPS for the quarter, hitting analysts’ consensus estimates 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%. On average, equities research analysts forecast that Varonis Systems, Inc. will post -0.97 earnings per share for the current year.

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.