Natixis Advisors LLC Raises Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Natixis Advisors LLC lifted its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 138.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,490 shares of the technology company's stock after acquiring an additional 16,565 shares during the period. Natixis Advisors LLC's holdings in Varonis Systems were worth $1,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its holdings in Varonis Systems by 4.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,874,388 shares of the technology company's stock valued at $137,885,000 after acquiring an additional 127,129 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Varonis Systems by 1.1% in the second quarter. William Blair Investment Management LLC now owns 2,217,967 shares of the technology company's stock valued at $106,396,000 after purchasing an additional 23,231 shares during the last quarter. Principal Financial Group Inc. lifted its position in Varonis Systems by 9.0% during the third quarter. Principal Financial Group Inc. now owns 1,783,873 shares of the technology company's stock worth $100,789,000 after buying an additional 147,081 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Varonis Systems by 40.0% during the second quarter. The Manufacturers Life Insurance Company now owns 799,685 shares of the technology company's stock worth $38,361,000 after buying an additional 228,589 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Varonis Systems by 0.9% in the 2nd quarter. Victory Capital Management Inc. now owns 773,353 shares of the technology company's stock valued at $37,098,000 after buying an additional 6,719 shares in the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Varonis Systems Stock Performance

Shares of NASDAQ VRNS traded down $0.54 during midday trading on Tuesday, hitting $49.57. The company's stock had a trading volume of 964,772 shares, compared to its average volume of 1,363,555. 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 business's fifty day simple moving average is $54.91 and its two-hundred day simple moving average is $50.92. Varonis Systems, Inc. has a 1 year low of $39.67 and a 1 year high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.10 EPS for the quarter, beating 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 company had revenue of $148.07 million during the quarter, compared to analysts' expectations of $141.62 million. During the same quarter last year, the company posted ($0.22) EPS. The firm's revenue was up 21.1% compared to the same quarter last year. Research analysts anticipate that Varonis Systems, Inc. will post -0.73 EPS for the current year.

Insider Buying and Selling

In other news, 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 completion of the transaction, the chief financial officer now directly owns 504,598 shares of the company's stock, 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 SEC, which can be accessed through this link. Also, Vice Chairman James O'boyle sold 50,000 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $59.76, for a total value of $2,988,000.00. Following the sale, the insider now directly owns 444,114 shares in the company, valued at $26,540,252.64. This trade represents a 10.12 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

VRNS has been the topic of several analyst reports. Baird R W upgraded Varonis Systems from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 30th. Wedbush reiterated an "outperform" rating and issued a $67.00 target price on shares of Varonis Systems in a report on Monday, August 26th. Wells Fargo & Company raised their price target on shares of Varonis Systems from $45.00 to $48.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 30th. TD Cowen upped their price objective on Varonis Systems from $54.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, July 30th. Finally, Barclays raised their target price 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 investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Varonis Systems has a consensus rating of "Moderate Buy" and a consensus target price of $59.67.

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.