BNP Paribas Financial Markets Purchases 5,187 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

BNP Paribas Financial Markets boosted its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 4.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 116,143 shares of the technology company’s stock after acquiring an additional 5,187 shares during the period. BNP Paribas Financial Markets owned 0.10% of Varonis Systems worth $5,478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Varonis Systems by 1.6% in the third quarter. Vanguard Group Inc. now owns 11,251,092 shares of the technology company’s stock valued at $343,608,000 after purchasing an additional 180,082 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Varonis Systems by 53.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 288,828 shares of the technology company’s stock valued at $13,078,000 after purchasing an additional 100,324 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Varonis Systems by 172.7% in the fourth quarter. Teacher Retirement System of Texas now owns 23,188 shares of the technology company’s stock valued at $1,050,000 after purchasing an additional 14,686 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Varonis Systems by 5,876.4% in the fourth quarter. Principal Financial Group Inc. now owns 679,520 shares of the technology company’s stock valued at $30,769,000 after purchasing an additional 668,150 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Varonis Systems by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 854,473 shares of the technology company’s stock valued at $38,691,000 after purchasing an additional 10,159 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.

Insider Transactions at Varonis Systems

In other news, CEO Yakov Faitelson sold 284,211 shares of Varonis Systems stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $45.23, for a total value of $12,854,863.53. Following 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 document filed with the SEC, which can be accessed through this link. Company insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on VRNS shares. Barclays raised their target price on Varonis Systems from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. raised Varonis Systems from a “neutral” rating to an “overweight” rating and increased their price target for the company from $50.00 to $54.00 in a research report on Friday, June 14th. Royal Bank of Canada increased their price target on Varonis Systems from $56.00 to $58.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Needham & Company LLC reissued a “hold” rating on shares of Varonis Systems in a research report on Monday, May 13th. Finally, Robert W. Baird raised their target price on Varonis Systems from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $50.44.

Varonis Systems Trading Up 3.9 %

NASDAQ:VRNS opened at $48.17 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.38 and a quick ratio of 2.38. The stock has a fifty day moving average of $44.51 and a 200 day moving average of $46.01. Varonis Systems, Inc. has a 52-week low of $25.92 and a 52-week high of $52.88.

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

About Varonis Systems

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.