E. Ohman J or Asset Management AB Boosts Position in Varonis Systems, Inc. (NASDAQ:VRNS)

E. Ohman J or Asset Management AB boosted its holdings in Varonis Systems, Inc. (NASDAQ:VRNS) by 8.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,700 shares of the technology company’s stock after purchasing an additional 2,500 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Varonis Systems were worth $1,408,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Varonis Systems in the 4th quarter valued at $194,000. Pacer Advisors Inc. lifted its position in 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 last quarter. KBC Group NV boosted its stake in Varonis Systems by 45.6% in the fourth quarter. KBC Group NV now owns 4,751 shares of the technology company’s stock valued at $211,000 after acquiring an additional 1,488 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Varonis Systems by 29.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 48,419 shares of the technology company’s stock worth $2,151,000 after purchasing an additional 10,886 shares during the last quarter. Finally, Inspire Investing LLC increased its position in shares of Varonis Systems by 185.9% during the fourth quarter. Inspire Investing LLC now owns 20,884 shares of the technology company’s stock worth $928,000 after purchasing an additional 13,580 shares in the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Robert W. Baird raised their price target on Varonis Systems from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald began coverage on shares of Varonis Systems in a report on Thursday, January 9th. They issued an “overweight” rating and a $60.00 target price on the stock. UBS Group upped their price target on shares of Varonis Systems from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reissued a “buy” rating and set a $67.00 price objective on shares of Varonis Systems in a research report on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Varonis Systems in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.44.

Insider Activity at Varonis Systems

In other Varonis Systems 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 value of $4,905,226.50. Following the sale, the chief financial officer now owns 504,598 shares of the company’s stock, valued at approximately $27,096,912.60. This represents a 15.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by company insiders.

Varonis Systems Stock Up 2.0 %

Shares of NASDAQ VRNS opened at $46.84 on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.81 and a current ratio of 1.81. Varonis Systems, Inc. has a one year low of $41.13 and a one year high of $60.58. The company’s fifty day moving average is $46.19 and its two-hundred day moving average is $51.36.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.24). Varonis Systems had a negative return on equity of 17.58% and a negative net margin of 15.31%. As a group, equities analysts forecast that Varonis Systems, Inc. will post -0.7 EPS for the current year.

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.