26,400 Shares in Varonis Systems, Inc. (NASDAQ:VRNS) Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,400 shares of the technology company’s stock, valued at approximately $1,245,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VRNS. Natixis Advisors L.P. boosted its stake in shares of Varonis Systems by 3.7% during the 4th quarter. Natixis Advisors L.P. now owns 10,441 shares of the technology company’s stock valued at $472,000 after buying an additional 370 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Varonis Systems by 87.2% during the 4th quarter. Quadrant Capital Group LLC now owns 921 shares of the technology company’s stock valued at $42,000 after buying an additional 429 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Varonis Systems by 12.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,713 shares of the technology company’s stock valued at $364,000 after buying an additional 865 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Varonis Systems during the first quarter worth $63,000. Finally, NBC Securities Inc. bought a new position in Varonis Systems during the first quarter worth $68,000. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Insider Activity

In related news, CEO Yakov Faitelson sold 284,211 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $45.23, for a total value of $12,854,863.53. Following the completion of the sale, the chief executive officer now directly owns 1,452,922 shares in the company, valued at approximately $65,715,662.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by corporate insiders.

Varonis Systems Trading Up 1.0 %

NASDAQ:VRNS opened at $56.12 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.38 and a quick ratio of 2.38. Varonis Systems, Inc. has a fifty-two week low of $28.15 and a fifty-two week high of $56.80. The stock’s 50-day moving average is $45.71 and its two-hundred day moving average is $46.40. The stock has a market cap of $6.26 billion, a PE ratio of -59.14 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Monday, July 29th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07. The business had revenue of $130.35 million during the quarter, compared to analyst estimates of $124.83 million. Varonis Systems had a negative return on equity of 18.28% and a negative net margin of 16.97%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.35) EPS. As a group, equities research analysts forecast that Varonis Systems, Inc. will post -0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on VRNS. Susquehanna raised their price objective on Varonis Systems from $55.00 to $65.00 and gave the stock a “positive” rating in a research note on Tuesday. Baird R W upgraded Varonis Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Barclays increased their target price on Varonis Systems from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Varonis Systems in a research report on Tuesday. Finally, TD Cowen increased their target price on Varonis Systems from $54.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

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.