Stoneridge Investment Partners LLC Buys New Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Stoneridge Investment Partners LLC purchased a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,052 shares of the technology company’s stock, valued at approximately $224,000.

A number of other large investors have also bought and sold shares of the stock. Farther Finance Advisors LLC increased its stake in shares of Varonis Systems by 445.3% in the third quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company’s stock worth $29,000 after buying an additional 423 shares during the period. International Assets Investment Management LLC grew its holdings in Varonis Systems by 5,550.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company’s stock worth $140,000 after acquiring an additional 2,442 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Varonis Systems by 29.5% in the fourth quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company’s stock valued at $118,000 after acquiring an additional 603 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Varonis Systems in the third quarter valued at about $184,000. Finally, KBC Group NV raised its stake in shares of Varonis Systems by 25.5% during the third quarter. KBC Group NV now owns 3,263 shares of the technology company’s stock valued at $184,000 after acquiring an additional 663 shares during the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Guy Melamed sold 91,345 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $53.70, for a total transaction of $4,905,226.50. Following the transaction, the chief financial officer now directly owns 504,598 shares of the company’s stock, valued at $27,096,912.60. This represents a 15.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Varonis Systems Stock Performance

Varonis Systems stock opened at $40.59 on Friday. Varonis Systems, Inc. has a twelve month low of $39.62 and a twelve month high of $60.58. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.81 and a current ratio of 1.81. The stock’s 50 day moving average is $45.68 and its 200 day moving average is $51.18.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.24). Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.45%. As a group, sell-side analysts predict that Varonis Systems, Inc. will post -0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on VRNS shares. UBS Group boosted their price target on Varonis Systems from $63.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group reduced their target price on Varonis Systems from $60.00 to $50.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. Cantor Fitzgerald started coverage on Varonis Systems in a research note on Thursday, January 9th. They issued an “overweight” rating and a $60.00 price target for the company. Robert W. Baird lifted their price target on shares of Varonis Systems from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $65.00 price objective on shares of Varonis Systems in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.38.

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.