Osterweis Capital Management Inc. Takes $2.90 Million Position in Varonis Systems, Inc. (VRNS)

Osterweis Capital Management Inc. purchased a new stake in Varonis Systems, Inc. (NASDAQ:VRNS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 77,870 shares of the technology company’s stock, valued at approximately $2,897,000. Osterweis Capital Management Inc. owned about 0.28% of Varonis Systems at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in Varonis Systems by 10.9% during the fourth quarter. Teachers Advisors LLC now owns 18,698 shares of the technology company’s stock worth $501,000 after acquiring an additional 1,838 shares during the last quarter. Wells Fargo & Company MN boosted its position in Varonis Systems by 192.5% during the first quarter. Wells Fargo & Company MN now owns 64,150 shares of the technology company’s stock worth $2,040,000 after acquiring an additional 42,222 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in Varonis Systems during the first quarter worth approximately $2,934,000. Oxford Asset Management acquired a new stake in Varonis Systems during the first quarter worth approximately $263,000. Finally, American International Group Inc. boosted its position in Varonis Systems by 7.1% during the first quarter. American International Group Inc. now owns 6,588 shares of the technology company’s stock worth $209,000 after acquiring an additional 437 shares during the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

In other Varonis Systems news, insider Ohad Korkus sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $38.09, for a total value of $1,904,500.00. Following the completion of the sale, the insider now directly owns 323,608 shares of the company’s stock, valued at $12,326,228.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Guy Melamed sold 8,491 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $42.50, for a total transaction of $360,867.50. Following the completion of the sale, the chief financial officer now directly owns 95,846 shares of the company’s stock, valued at $4,073,455. The disclosure for this sale can be found here. Insiders sold 577,477 shares of company stock valued at $23,124,243 over the last three months. Insiders own 19.50% of the company’s stock.

WARNING: “Osterweis Capital Management Inc. Takes $2.90 Million Position in Varonis Systems, Inc. (VRNS)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/09/osterweis-capital-management-inc-takes-2-90-million-position-in-varonis-systems-inc-vrns.html.

A number of analysts recently issued reports on VRNS shares. Jefferies Group LLC restated a “buy” rating and set a $45.00 target price on shares of Varonis Systems in a research report on Thursday, September 7th. Stifel Nicolaus restated a “buy” rating and set a $44.00 target price (up previously from $40.00) on shares of Varonis Systems in a research report on Friday, August 4th. Royal Bank Of Canada restated a “buy” rating and set a $42.00 target price on shares of Varonis Systems in a research report on Thursday, July 20th. Needham & Company LLC raised their target price on shares of Varonis Systems from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Thursday, August 10th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $43.20.

Shares of Varonis Systems, Inc. (VRNS) traded up 0.240% during trading on Monday, hitting $43.805. 36,543 shares of the company’s stock were exchanged. Varonis Systems, Inc. has a 1-year low of $24.45 and a 1-year high of $44.05. The firm’s market capitalization is $1.20 billion. The stock’s 50 day moving average is $40.21 and its 200 day moving average is $36.39.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.09. The firm had revenue of $50.20 million for the quarter, compared to the consensus estimate of $47.50 million. Varonis Systems had a negative net margin of 9.03% and a negative return

Several other hedge funds have also added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in Varonis Systems by 10.9% during the fourth quarter. Teachers Advisors LLC now owns 18,698 shares of the technology company’s stock worth $501,000 after acquiring an additional 1,838 shares during the last quarter. Wells Fargo & Company MN boosted its position in Varonis Systems by 192.5% during the first quarter. Wells Fargo & Company MN now owns 64,150 shares of the technology company’s stock worth $2,040,000 after acquiring an additional 42,222 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in Varonis Systems during the first quarter worth approximately $2,934,000. Oxford Asset Management acquired a new stake in Varonis Systems during the first quarter worth approximately $263,000. Finally, American International Group Inc. boosted its position in Varonis Systems by 7.1% during the first quarter. American International Group Inc. now owns 6,588 shares of the technology company’s stock worth $209,000 after acquiring an additional 437 shares during the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

In other Varonis Systems news, insider Ohad Korkus sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $38.09, for a total value of $1,904,500.00. Following the completion of the sale, the insider now directly owns 323,608 shares of the company’s stock, valued at $12,326,228.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Guy Melamed sold 8,491 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $42.50, for a total transaction of $360,867.50. Following the completion of the sale, the chief financial officer now directly owns 95,846 shares of the company’s stock, valued at $4,073,455. The disclosure for this sale can be found here. Insiders sold 577,477 shares of company stock valued at $23,124,243 over the last three months. Insiders own 19.50% of the company’s stock.

WARNING: “Osterweis Capital Management Inc. Takes $2.90 Million Position in Varonis Systems, Inc. (VRNS)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/09/osterweis-capital-management-inc-takes-2-90-million-position-in-varonis-systems-inc-vrns.html.

A number of analysts recently issued reports on VRNS shares. Jefferies Group LLC restated a “buy” rating and set a $45.00 target price on shares of Varonis Systems in a research report on Thursday, September 7th. Stifel Nicolaus restated a “buy” rating and set a $44.00 target price (up previously from $40.00) on shares of Varonis Systems in a research report on Friday, August 4th. Royal Bank Of Canada restated a “buy” rating and set a $42.00 target price on shares of Varonis Systems in a research report on Thursday, July 20th. Needham & Company LLC raised their target price on shares of Varonis Systems from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Thursday, August 10th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $43.20.

Shares of Varonis Systems, Inc. (VRNS) traded up 0.240% during trading on Monday, hitting $43.805. 36,543 shares of the company’s stock were exchanged. Varonis Systems, Inc. has a 1-year low of $24.45 and a 1-year high of $44.05. The firm’s market capitalization is $1.20 billion. The stock’s 50 day moving average is $40.21 and its 200 day moving average is $36.39.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.09. The firm had revenue of $50.20 million for the quarter, compared to the consensus estimate of $47.50 million. Varonis Systems had a negative net margin of 9.03% and a negative return on equity of 20.94%. The firm’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) earnings per share. On average, equities research analysts forecast that Varonis Systems, Inc. will post $0.09 earnings per share for the current year.

About Varonis Systems

Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.

Institutional Ownership by Quarter for Varonis Systems (NASDAQ:VRNS)

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