Wealthcare Advisory Partners LLC Acquires New Position in Varonis Systems Inc (NASDAQ:VRNS)

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Wealthcare Advisory Partners LLC acquired a new stake in Varonis Systems Inc (NASDAQ:VRNS) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,400 shares of the technology company’s stock, valued at approximately $83,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Psagot Investment House Ltd. increased its stake in shares of Varonis Systems by 32.0% in the fourth quarter. Psagot Investment House Ltd. now owns 1,061 shares of the technology company’s stock valued at $56,000 after buying an additional 257 shares during the period. Principal Financial Group Inc. increased its position in Varonis Systems by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 18,645 shares of the technology company’s stock valued at $1,112,000 after purchasing an additional 490 shares during the period. State Board of Administration of Florida Retirement System increased its position in Varonis Systems by 5.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,855 shares of the technology company’s stock valued at $826,000 after purchasing an additional 660 shares during the period. New York State Common Retirement Fund increased its position in Varonis Systems by 4.0% during the 1st quarter. New York State Common Retirement Fund now owns 28,800 shares of the technology company’s stock valued at $1,717,000 after purchasing an additional 1,100 shares during the period. Finally, Quantitative Systematic Strategies LLC increased its position in Varonis Systems by 22.6% during the 1st quarter. Quantitative Systematic Strategies LLC now owns 6,103 shares of the technology company’s stock valued at $364,000 after purchasing an additional 1,124 shares during the period. 89.57% of the stock is owned by institutional investors.

In related news, EVP David Bass sold 42,416 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $72.54, for a total value of $3,076,856.64. Following the transaction, the executive vice president now directly owns 202,833 shares in the company, valued at approximately $14,713,505.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.80% of the stock is owned by company insiders.

Shares of VRNS stock traded down $0.45 during trading hours on Thursday, hitting $61.46. 1,418 shares of the company were exchanged, compared to its average volume of 281,131. The company has a market cap of $1.84 billion, a price-to-earnings ratio of -62.97 and a beta of 1.12. Varonis Systems Inc has a fifty-two week low of $48.67 and a fifty-two week high of $83.10.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Monday, April 29th. The technology company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.04). Varonis Systems had a negative return on equity of 30.00% and a negative net margin of 13.24%. The company had revenue of $56.40 million for the quarter, compared to analyst estimates of $59.36 million. During the same period last year, the business earned ($0.22) EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts expect that Varonis Systems Inc will post -1.75 EPS for the current year.

VRNS has been the subject of a number of recent analyst reports. Wedbush raised shares of Varonis Systems from a “neutral” rating to an “outperform” rating and set a $85.00 target price for the company in a research report on Tuesday, April 30th. BidaskClub downgraded shares of Varonis Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 16th. Stifel Nicolaus raised their price objective on shares of Varonis Systems from $52.00 to $70.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Zacks Investment Research raised shares of Varonis Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. Finally, ValuEngine downgraded shares of Varonis Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 13th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $71.52.

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About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.

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Institutional Ownership by Quarter for Varonis Systems (NASDAQ:VRNS)

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