Brown Advisory Inc. Buys Shares of 8,546 Varonis Systems, Inc. (NASDAQ:VRNS)

Brown Advisory Inc. bought a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,546 shares of the technology company’s stock, valued at approximately $346,000.

Several other large investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Varonis Systems by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,465 shares of the technology company’s stock worth $352,000 after acquiring an additional 1,323 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Varonis Systems by 52.2% in the first quarter. Penserra Capital Management LLC now owns 1,542,071 shares of the technology company’s stock worth $62,376,000 after acquiring an additional 529,182 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Varonis Systems by 2.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,290,114 shares of the technology company’s stock worth $101,750,000 after acquiring an additional 52,971 shares during the last quarter. Legacy Advisors LLC increased its stake in shares of Varonis Systems by 164.5% in the first quarter. Legacy Advisors LLC now owns 21,090 shares of the technology company’s stock worth $853,000 after acquiring an additional 13,115 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP increased its stake in shares of Varonis Systems by 30.1% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 90,881 shares of the technology company’s stock worth $4,038,000 after acquiring an additional 21,040 shares during the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VRNS has been the topic of several analyst reports. Wolfe Research raised shares of Varonis Systems from a “peer perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Friday, March 28th. JPMorgan Chase & Co. lowered their target price on shares of Varonis Systems from $55.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Royal Bank Of Canada increased their target price on shares of Varonis Systems from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Varonis Systems from a “sell” rating to a “hold” rating in a research report on Monday, April 28th. Finally, Jefferies Financial Group lowered their target price on shares of Varonis Systems from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, March 31st. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.50.

Varonis Systems Stock Down 0.2%

Shares of VRNS opened at $50.34 on Wednesday. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of -62.15 and a beta of 0.76. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.23. Varonis Systems, Inc. has a 12 month low of $36.53 and a 12 month high of $60.58. The company has a 50-day moving average price of $48.87 and a two-hundred day moving average price of $44.73.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.26). The firm had revenue of $136.42 million for the quarter, compared to analyst estimates of $133.10 million. Varonis Systems had a negative return on equity of 20.01% and a negative net margin of 15.88%. The business’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) EPS. Equities analysts predict that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling at Varonis Systems

In other news, Director Den Bosch Fred Van sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $50.00, for a total transaction of $300,000.00. Following the completion of the sale, the director owned 131,666 shares of the company’s stock, valued at approximately $6,583,300. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.30% of the company’s stock.

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.