Varonis Systems, Inc. (NASDAQ:VRNS) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 6.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 962,923 shares of the technology company's stock after buying an additional 59,218 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.86% of Varonis Systems worth $54,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in Varonis Systems by 7.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,869 shares of the technology company's stock valued at $2,919,000 after purchasing an additional 4,141 shares during the last quarter. Swedbank AB acquired a new position in Varonis Systems in the first quarter valued at approximately $3,344,000. Harbor Capital Advisors Inc. increased its stake in Varonis Systems by 562.0% during the second quarter. Harbor Capital Advisors Inc. now owns 19,337 shares of the technology company's stock worth $928,000 after acquiring an additional 16,416 shares during the last quarter. Sanders Morris Harris LLC acquired a new stake in Varonis Systems during the second quarter worth $2,148,000. Finally, SG Americas Securities LLC lifted its stake in shares of Varonis Systems by 21.2% in the 2nd quarter. SG Americas Securities LLC now owns 93,353 shares of the technology company's stock valued at $4,478,000 after purchasing an additional 16,304 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Varonis Systems from $59.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Robert W. Baird boosted their price target on shares of Varonis Systems from $60.00 to $62.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Wedbush reaffirmed an "outperform" rating and set a $67.00 price objective on shares of Varonis Systems in a research report on Monday, August 26th. Royal Bank of Canada reissued an "outperform" rating and issued a $65.00 target price on shares of Varonis Systems in a research report on Wednesday, October 30th. Finally, Barclays upped their price target on Varonis Systems from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Varonis Systems has an average rating of "Moderate Buy" and an average target price of $59.67.

Insider Activity at Varonis Systems

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

Varonis Systems Price Performance

Varonis Systems stock traded up $0.39 during trading hours on Friday, reaching $49.96. 892,144 shares of the stock were exchanged, compared to its average volume of 1,648,518. Varonis Systems, Inc. has a 52-week low of $40.48 and a 52-week high of $60.58. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.05. The firm's 50 day moving average is $54.52 and its 200 day moving average is $51.03.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $141.62 million. During the same period in the prior year, the company posted ($0.22) earnings per share. The firm's revenue for the quarter was up 21.1% on a year-over-year basis. On average, equities analysts forecast that Varonis Systems, Inc. will post -0.73 earnings per share for the current fiscal 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.