P.A.W. Capital Corp decreased its position in Varonis Systems Inc (NASDAQ:VRNS) by 37.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,000 shares of the technology company’s stock after selling 15,000 shares during the period. Varonis Systems makes up approximately 1.5% of P.A.W. Capital Corp’s holdings, making the stock its 21st biggest position. P.A.W. Capital Corp owned 0.08% of Varonis Systems worth $1,491,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of VRNS. Vanguard Group Inc. lifted its holdings in shares of Varonis Systems by 33.6% during the third quarter. Vanguard Group Inc. now owns 2,630,173 shares of the technology company’s stock valued at $192,659,000 after purchasing an additional 661,763 shares in the last quarter. Vanguard Group Inc grew its holdings in Varonis Systems by 33.6% during the 3rd quarter. Vanguard Group Inc now owns 2,630,173 shares of the technology company’s stock valued at $192,659,000 after buying an additional 661,763 shares in the last quarter. BlackRock Inc. grew its holdings in Varonis Systems by 2.5% during the 3rd quarter. BlackRock Inc. now owns 2,020,727 shares of the technology company’s stock valued at $148,020,000 after buying an additional 49,804 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Varonis Systems by 2.8% during the 3rd quarter. Clearbridge Investments LLC now owns 541,655 shares of the technology company’s stock valued at $39,676,000 after buying an additional 14,574 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Varonis Systems by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 330,691 shares of the technology company’s stock valued at $17,493,000 after buying an additional 2,613 shares in the last quarter. Hedge funds and other institutional investors own 85.45% of the company’s stock.
In other news, CEO Yakov Faitelson sold 30,000 shares of Varonis Systems stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $54.72, for a total value of $1,641,600.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.80% of the company’s stock.
Several equities research analysts have recently issued reports on VRNS shares. BidaskClub lowered Varonis Systems from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Craig Hallum raised Varonis Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Robert W. Baird reissued a “buy” rating and set a $60.00 price target (down from $75.00) on shares of Varonis Systems in a research note on Tuesday, February 12th. Stifel Nicolaus lowered Varonis Systems from a “buy” rating to a “hold” rating and decreased their price target for the stock from $75.00 to $52.00 in a research note on Tuesday, February 12th. Finally, JMP Securities lowered Varonis Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 12th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $67.86.
Shares of NASDAQ VRNS opened at $62.20 on Wednesday. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of -63.47 and a beta of 0.96. Varonis Systems Inc has a twelve month low of $48.67 and a twelve month high of $83.10.
Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Monday, February 11th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.11. Varonis Systems had a negative return on equity of 24.02% and a negative net margin of 10.57%. The business had revenue of $87.52 million for the quarter, compared to the consensus estimate of $87.33 million. On average, equities research analysts predict that Varonis Systems Inc will post -1.16 earnings per share for the current year.
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Varonis Systems Company Profile
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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