AlphaCrest Capital Management LLC Boosts Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

AlphaCrest Capital Management LLC increased its holdings in Varonis Systems, Inc. (NASDAQ:VRNSGet Rating) by 144.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,681 shares of the technology company’s stock after purchasing an additional 13,416 shares during the period. AlphaCrest Capital Management LLC’s holdings in Varonis Systems were worth $1,106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its position in shares of Varonis Systems by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 34,947 shares of the technology company’s stock valued at $2,127,000 after purchasing an additional 200 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Varonis Systems by 1.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 17,600 shares of the technology company’s stock valued at $1,071,000 after purchasing an additional 200 shares during the last quarter. Main Street Financial Solutions LLC grew its position in Varonis Systems by 6.1% in the 4th quarter. Main Street Financial Solutions LLC now owns 5,253 shares of the technology company’s stock valued at $256,000 after acquiring an additional 300 shares during the last quarter. Prentiss Smith & Co. Inc. grew its position in Varonis Systems by 0.9% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 35,075 shares of the technology company’s stock valued at $1,711,000 after acquiring an additional 316 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in Varonis Systems by 2.2% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 18,700 shares of the technology company’s stock valued at $912,000 after acquiring an additional 400 shares during the last quarter. 93.20% of the stock is currently owned by institutional investors.

Varonis Systems stock opened at $31.97 on Friday. The stock has a 50-day moving average of $43.11 and a two-hundred day moving average of $45.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.61 and a current ratio of 4.61. Varonis Systems, Inc. has a one year low of $27.97 and a one year high of $73.46. The stock has a market cap of $3.50 billion, a PE ratio of -26.42 and a beta of 1.28.

Varonis Systems (NASDAQ:VRNSGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The technology company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.24. Varonis Systems had a negative return on equity of 19.97% and a negative net margin of 31.58%. During the same period last year, the firm earned ($0.34) EPS. As a group, sell-side analysts predict that Varonis Systems, Inc. will post -0.89 EPS for the current fiscal year.

In related news, Director Ofer Segev sold 1,500 shares of the firm’s stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $45.38, for a total transaction of $68,070.00. Following the sale, the director now directly owns 71,802 shares of the company’s stock, valued at $3,258,374.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Avrohom J. Kess bought 2,400 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The shares were bought at an average cost of $29.95 per share, for a total transaction of $71,880.00. Following the completion of the acquisition, the director now owns 8,810 shares of the company’s stock, valued at $263,859.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 5,500 shares of company stock worth $268,070. 1.90% of the stock is owned by corporate insiders.

Several equities analysts have commented on VRNS shares. Citigroup started coverage on Varonis Systems in a research report on Monday, January 24th. They issued a “buy” rating and a $47.00 price objective on the stock. Zacks Investment Research downgraded Varonis Systems from a “hold” rating to a “sell” rating in a research report on Saturday, May 7th. Barclays dropped their price target on Varonis Systems from $51.00 to $46.00 in a research report on Tuesday, May 3rd. JMP Securities reissued a “buy” rating and set a $73.00 price target on shares of Varonis Systems in a research report on Tuesday, February 8th. Finally, Royal Bank of Canada dropped their price target on Varonis Systems from $65.00 to $55.00 in a research report on Monday, February 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $60.23.

About Varonis Systems (Get Rating)

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; 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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