Varonis Systems, Inc. (NASDAQ:VRNS) Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,328,250 shares of the technology company’s stock after purchasing an additional 104,171 shares during the period. Goldman Sachs Group Inc.’s holdings in Varonis Systems were worth $60,143,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Varonis Systems by 1.6% during the third quarter. Vanguard Group Inc. now owns 11,251,092 shares of the technology company’s stock worth $343,608,000 after purchasing an additional 180,082 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Varonis Systems by 7.9% during the fourth quarter. First Trust Advisors LP now owns 4,426,593 shares of the technology company’s stock worth $200,436,000 after purchasing an additional 325,347 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Varonis Systems by 1.9% during the fourth quarter. Clearbridge Investments LLC now owns 3,722,692 shares of the technology company’s stock worth $168,563,000 after purchasing an additional 70,572 shares in the last quarter. Cadian Capital Management LP lifted its position in shares of Varonis Systems by 34.6% during the third quarter. Cadian Capital Management LP now owns 3,574,334 shares of the technology company’s stock worth $109,160,000 after purchasing an additional 919,334 shares in the last quarter. Finally, RGM Capital LLC lifted its position in shares of Varonis Systems by 2.0% during the third quarter. RGM Capital LLC now owns 1,846,889 shares of the technology company’s stock worth $56,404,000 after purchasing an additional 36,015 shares in the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VRNS has been the topic of several recent analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $55.00 price target (up from $50.00) on shares of Varonis Systems in a report on Wednesday, March 13th. Royal Bank of Canada upped their price target on shares of Varonis Systems from $56.00 to $58.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. raised shares of Varonis Systems from a “neutral” rating to an “overweight” rating and upped their price target for the company from $50.00 to $54.00 in a report on Friday, June 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Varonis Systems in a report on Monday, May 13th. Finally, Robert W. Baird upped their price target on shares of Varonis Systems from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.31.

Varonis Systems Stock Down 0.8 %

Shares of NASDAQ:VRNS opened at $43.33 on Wednesday. The company’s fifty day moving average is $43.92 and its two-hundred day moving average is $45.84. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of -46.10 and a beta of 0.79. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.38 and a current ratio of 2.38. Varonis Systems, Inc. has a 1-year low of $24.66 and a 1-year high of $52.88.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Monday, May 6th. The technology company reported ($0.37) EPS for the quarter, hitting the consensus estimate of ($0.37). The business had revenue of $114.02 million during the quarter, compared to analyst estimates of $113.81 million. Varonis Systems had a negative net margin of 20.38% and a negative return on equity of 21.33%. Equities analysts anticipate that Varonis Systems, Inc. will post -0.98 EPS for the current year.

Insider Transactions at Varonis Systems

In other news, CEO Yakov Faitelson sold 284,211 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $45.23, for a total transaction of $12,854,863.53. Following the completion of the transaction, the chief executive officer now owns 1,452,922 shares in the company, valued at $65,715,662.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.60% 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.