Loomis Sayles & Co. L P Has $71.05 Million Stock Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Loomis Sayles & Co. L P cut its stake in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,257,580 shares of the technology company's stock after selling 29,168 shares during the period. Loomis Sayles & Co. L P owned 1.12% of Varonis Systems worth $71,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of VRNS. EFG Asset Management North America Corp. boosted its stake in shares of Varonis Systems by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 45,469 shares of the technology company's stock valued at $2,181,000 after purchasing an additional 216 shares during the last quarter. O Neil Global Advisors Inc. boosted its stake in Varonis Systems by 4.8% in the second quarter. O Neil Global Advisors Inc. now owns 4,775 shares of the technology company's stock valued at $229,000 after acquiring an additional 220 shares during the last quarter. Hanseatic Management Services Inc. grew its holdings in Varonis Systems by 1.7% during the 2nd quarter. Hanseatic Management Services Inc. now owns 16,051 shares of the technology company's stock worth $770,000 after acquiring an additional 275 shares during the period. Xponance Inc. lifted its stake in shares of Varonis Systems by 5.6% in the 2nd quarter. Xponance Inc. now owns 6,975 shares of the technology company's stock valued at $335,000 after purchasing an additional 367 shares during the period. Finally, Natixis Advisors LLC boosted its position in shares of Varonis Systems by 3.5% in the 2nd quarter. Natixis Advisors LLC now owns 11,925 shares of the technology company's stock worth $572,000 after purchasing an additional 401 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Stock Up 0.2 %

Shares of Varonis Systems stock traded up $0.09 on Monday, reaching $50.11. 2,524,323 shares of the company were exchanged, compared to its average volume of 1,364,666. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of -66.69 and a beta of 0.82. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.05. Varonis Systems, Inc. has a one year low of $39.67 and a one year high of $60.58. The company has a 50-day moving average of $54.98 and a 200 day moving average of $50.88.

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

Insider Transactions at Varonis Systems

In other news, Vice Chairman James O'boyle sold 50,000 shares of Varonis Systems stock in a transaction that occurred on 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 directly owns 444,114 shares in the company, valued at approximately $26,540,252.64. The trade was a 10.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Guy Melamed sold 91,345 shares of the stock in a transaction that occurred 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 directly owns 504,598 shares in the company, valued at $27,096,912.60. This represents a 15.33 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Baird R W raised Varonis Systems from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 30th. TD Cowen boosted their target price on Varonis Systems from $54.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, July 30th. Wells Fargo & Company lifted their price objective on Varonis Systems from $45.00 to $48.00 and gave the company an "equal weight" rating in a report on Tuesday, July 30th. UBS Group lifted their price target on shares of Varonis Systems from $63.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Varonis Systems from $59.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Five 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. Based on data from MarketBeat, Varonis Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.67.

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.