Los Angeles Capital Management & Equity Research Inc. Buys New Holdings in Varonis Systems Inc (NASDAQ:VRNS)

Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Varonis Systems Inc (NASDAQ:VRNS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 29,060 shares of the technology company’s stock, valued at approximately $1,218,000. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.10% of Varonis Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in VRNS. Van ECK Associates Corp increased its holdings in Varonis Systems by 5.9% during the second quarter. Van ECK Associates Corp now owns 5,291 shares of the technology company’s stock worth $197,000 after buying an additional 296 shares during the last quarter. NorthCoast Asset Management LLC increased its holdings in shares of Varonis Systems by 1.1% in the second quarter. NorthCoast Asset Management LLC now owns 39,241 shares of the technology company’s stock valued at $1,460,000 after purchasing an additional 426 shares during the last quarter. American International Group Inc. increased its holdings in shares of Varonis Systems by 7.1% in the first quarter. American International Group Inc. now owns 6,588 shares of the technology company’s stock valued at $209,000 after purchasing an additional 437 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Varonis Systems by 39.6% in the second quarter. Legal & General Group Plc now owns 4,308 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Trexquant Investment LP increased its holdings in shares of Varonis Systems by 10.2% in the second quarter. Trexquant Investment LP now owns 15,895 shares of the technology company’s stock valued at $591,000 after purchasing an additional 1,476 shares during the last quarter. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

VRNS has been the topic of several research reports. Needham & Company LLC upped their price target on shares of Varonis Systems from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and issued a $48.00 price target (up from $44.00) on shares of Varonis Systems in a research note on Monday, September 11th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 price objective on shares of Varonis Systems in a research report on Monday, September 11th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $45.00 price objective on shares of Varonis Systems in a research report on Thursday, September 7th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Varonis Systems currently has an average rating of “Buy” and a consensus target price of $46.90.

In related news, insider Ohad Korkus sold 48,024 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $50.26, for a total value of $2,413,686.24. Following the transaction, the insider now directly owns 31,872 shares in the company, valued at approximately $1,601,886.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP James O’boyle sold 40,000 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $40.88, for a total value of $1,635,200.00. Following the transaction, the senior vice president now owns 124,189 shares in the company, valued at $5,076,846.32. The disclosure for this sale can be found here. Insiders have sold a total of 744,390 shares of company stock valued at $33,251,353 in the last three months. Insiders own 19.50% of the company’s stock.

Varonis Systems Inc (VRNS) opened at $48.15 on Wednesday. Varonis Systems Inc has a 52 week low of $24.75 and a 52 week high of $53.60.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $53.60 million during the quarter, compared to the consensus estimate of $50.53 million. Varonis Systems had a negative return on equity of 18.97% and a negative net margin of 7.91%. The firm’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. analysts forecast that Varonis Systems Inc will post -0.53 EPS for the current fiscal year.

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Varonis Systems Company Profile

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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