19,843 Shares in Varonis Systems, Inc. (NASDAQ:VRNS) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,843 shares of the technology company’s stock, valued at approximately $1,121,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Varonis Systems by 126.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,915,119 shares of the technology company’s stock valued at $90,336,000 after acquiring an additional 1,070,821 shares during the period. Hood River Capital Management LLC lifted its stake in shares of Varonis Systems by 40.8% during the 1st quarter. Hood River Capital Management LLC now owns 1,611,871 shares of the technology company’s stock worth $76,032,000 after buying an additional 466,688 shares during the last quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. acquired a new position in Varonis Systems in the 1st quarter valued at about $19,194,000. Squarepoint Ops LLC raised its holdings in Varonis Systems by 167.9% in the 2nd quarter. Squarepoint Ops LLC now owns 453,503 shares of the technology company’s stock valued at $21,755,000 after acquiring an additional 284,236 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position 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 acquiring an additional 228,589 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VRNS shares. Royal Bank of Canada increased their price objective on Varonis Systems from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Wedbush reiterated an “outperform” rating and issued a $67.00 price target on shares of Varonis Systems in a research report on Monday, August 26th. UBS Group increased their price target on Varonis Systems from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Piper Sandler upped their target price on Varonis Systems from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of Varonis Systems in a research report on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Varonis Systems has an average rating of “Moderate Buy” and a consensus target price of $58.31.

Varonis Systems Stock Up 2.0 %

Varonis Systems stock traded up $1.11 during trading on Monday, hitting $57.97. 111,583 shares of the company were exchanged, compared to its average volume of 1,286,902. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $56.11 and its 200 day moving average is $49.76. Varonis Systems, Inc. has a 52 week low of $31.03 and a 52 week high of $60.58. The company has a market capitalization of $6.50 billion, a P/E ratio of -73.13 and a beta of 0.82.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Monday, July 29th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.07. Varonis Systems had a negative net margin of 16.97% and a negative return on equity of 18.31%. The company had revenue of $130.35 million during the quarter, compared to analyst estimates of $124.83 million. During the same quarter last year, the business posted ($0.35) EPS. Varonis Systems’s quarterly revenue was up 12.9% compared to the same quarter last year. Analysts predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Insider Buying and Selling at Varonis Systems

In other Varonis Systems news, Vice Chairman James O’boyle sold 50,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $26,540,252.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by corporate insiders.

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.