Assenagon Asset Management S.A. Has $50.03 Million Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Assenagon Asset Management S.A. grew its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 761.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,125,960 shares of the technology company's stock after buying an additional 995,274 shares during the quarter. Assenagon Asset Management S.A. owned 1.00% of Varonis Systems worth $50,026,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Virtue Capital Management LLC raised its position in Varonis Systems by 2.3% in the 3rd quarter. Virtue Capital Management LLC now owns 16,264 shares of the technology company's stock valued at $919,000 after purchasing an additional 364 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Varonis Systems by 5.6% in the second quarter. Xponance Inc. now owns 6,975 shares of the technology company's stock valued at $335,000 after acquiring an additional 367 shares during the period. Farther Finance Advisors LLC increased its stake in Varonis Systems by 445.3% in the third quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company's stock valued at $29,000 after purchasing an additional 423 shares during the period. KBC Group NV increased its holdings in shares of Varonis Systems by 25.5% in the third quarter. KBC Group NV now owns 3,263 shares of the technology company's stock valued at $184,000 after purchasing an additional 663 shares during the period. Finally, Hanseatic Management Services Inc. raised its position in Varonis Systems by 4.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 16,742 shares of the technology company's stock worth $946,000 after buying an additional 691 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Guy Melamed sold 91,345 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $53.70, for a total value of $4,905,226.50. Following the sale, the chief financial officer now owns 504,598 shares in the company, valued at approximately $27,096,912.60. This represents a 15.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on VRNS shares. UBS Group lifted their target price on shares of Varonis Systems from $63.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on Varonis Systems from $59.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Jefferies Financial Group decreased their price objective on shares of Varonis Systems from $60.00 to $50.00 and set a "hold" rating for the company in a research note on Thursday, December 19th. Piper Sandler dropped their target price on Varonis Systems from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $65.00 price objective on shares of Varonis Systems in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.24.

Varonis Systems Trading Up 1.7 %

Shares of VRNS traded up $0.77 on Thursday, reaching $45.88. 2,241,218 shares of the company's stock were exchanged, compared to its average volume of 1,447,062. The business has a 50 day moving average price of $47.88 and a two-hundred day moving average price of $51.64. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $5.16 billion, a P/E ratio of -61.17 and a beta of 0.83. Varonis Systems, Inc. has a 12 month low of $41.13 and a 12 month high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. The firm had revenue of $148.07 million for the quarter, compared to analyst estimates of $141.62 million. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. The business's revenue was up 21.1% on a year-over-year basis. Research analysts anticipate that Varonis Systems, Inc. will post -0.7 earnings per share for the current year.

Varonis Systems Company Profile

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.