Barclays PLC Grows Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Barclays PLC boosted its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 389,522 shares of the technology company's stock after purchasing an additional 35,274 shares during the quarter. Barclays PLC owned about 0.35% of Varonis Systems worth $22,007,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its holdings in shares of Varonis Systems by 5.8% during the second quarter. Assenagon Asset Management S.A. now owns 134,086 shares of the technology company's stock valued at $6,432,000 after purchasing an additional 7,398 shares during the period. Raymond James & Associates raised its stake in Varonis Systems by 11.8% during the 2nd quarter. Raymond James & Associates now owns 90,007 shares of the technology company's stock worth $4,318,000 after buying an additional 9,533 shares during the period. Baillie Gifford & Co. boosted its holdings in Varonis Systems by 3.3% in the second quarter. Baillie Gifford & Co. now owns 19,804 shares of the technology company's stock worth $950,000 after acquiring an additional 628 shares in the last quarter. EFG Asset Management North America Corp. increased its holdings in shares of Varonis Systems by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 45,469 shares of the technology company's stock valued at $2,181,000 after acquiring an additional 216 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Varonis Systems by 24.5% during the second quarter. Bank of New York Mellon Corp now owns 618,793 shares of the technology company's stock valued at $29,684,000 after acquiring an additional 121,772 shares in the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VRNS shares. Piper Sandler lifted their price target on shares of Varonis Systems from $48.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Varonis Systems from $59.00 to $65.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. Robert W. Baird boosted their target price on shares of Varonis Systems from $60.00 to $62.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. UBS Group raised their price target on shares of Varonis Systems from $63.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, DA Davidson decreased their price objective on Varonis Systems from $50.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Varonis Systems has a consensus rating of "Moderate Buy" and an average price target of $59.80.

Insider Buying and Selling at Varonis Systems

In other news, CFO Guy Melamed sold 91,345 shares of Varonis Systems stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $53.70, for a total value of $4,905,226.50. Following the completion of the transaction, the chief financial officer now owns 504,598 shares in the company, valued at $27,096,912.60. This trade represents a 15.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman James O'boyle sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $59.76, for a total transaction of $2,988,000.00. Following the sale, the insider now owns 444,114 shares in the company, valued at $26,540,252.64. The trade was a 10.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Varonis Systems Stock Performance

Shares of Varonis Systems stock traded down $0.84 during trading hours on Friday, hitting $47.10. 1,215,614 shares of the company's stock traded hands, compared to its average volume of 1,519,409. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of -62.80 and a beta of 0.80. Varonis Systems, Inc. has a 12-month low of $41.13 and a 12-month high of $60.58. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.81 and a quick ratio of 1.81. The company has a fifty day simple moving average of $53.11 and a 200-day simple moving average of $51.36.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.03. The business had revenue of $148.07 million during the quarter, compared to the consensus estimate of $141.62 million. Varonis Systems had a negative net margin of 15.31% and a negative return on equity of 17.58%. The firm's quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.22) earnings per share. Equities research analysts anticipate that Varonis Systems, Inc. will post -0.73 EPS for the current fiscal year.

Varonis Systems 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.