Menta Capital LLC Takes $405,000 Position in Varonis Systems Inc (VRNS)

Menta Capital LLC purchased a new position in shares of Varonis Systems Inc (NASDAQ:VRNS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,656 shares of the technology company’s stock, valued at approximately $405,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Coe Capital Management LLC grew its position in shares of Varonis Systems by 3.2% during the third quarter. Coe Capital Management LLC now owns 21,405 shares of the technology company’s stock worth $1,568,000 after acquiring an additional 660 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Varonis Systems by 1.6% during the third quarter. Teachers Advisors LLC now owns 53,837 shares of the technology company’s stock worth $3,944,000 after acquiring an additional 863 shares during the last quarter. United Services Automobile Association grew its position in shares of Varonis Systems by 27.0% during the third quarter. United Services Automobile Association now owns 4,243 shares of the technology company’s stock worth $311,000 after acquiring an additional 902 shares during the last quarter. Strs Ohio grew its position in shares of Varonis Systems by 6.3% during the fourth quarter. Strs Ohio now owns 16,900 shares of the technology company’s stock worth $894,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Varonis Systems by 2.2% during the third quarter. Swiss National Bank now owns 50,118 shares of the technology company’s stock worth $3,671,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.

VRNS has been the subject of several recent research reports. BidaskClub upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, December 11th. Craig Hallum upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Robert W. Baird restated a “buy” rating and set a $60.00 price target (down previously from $75.00) on shares of Varonis Systems in a research report on Tuesday, February 12th. Stifel Nicolaus lowered shares of Varonis Systems from a “buy” rating to a “hold” rating and lowered their price target for the stock from $75.00 to $52.00 in a research report on Tuesday, February 12th. Finally, JMP Securities lowered shares of Varonis Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.48.

In related news, CEO Yakov Faitelson sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $54.72, for a total value of $1,641,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

VRNS stock opened at $59.45 on Friday. The stock has a market capitalization of $1.79 billion, a P/E ratio of -60.66 and a beta of 0.96. Varonis Systems Inc has a fifty-two week low of $48.67 and a fifty-two week high of $83.10.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Monday, February 11th. The technology company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.11. The business had revenue of $87.52 million during the quarter, compared to the consensus estimate of $87.33 million. Varonis Systems had a negative net margin of 10.57% and a negative return on equity of 24.02%. Analysts forecast that Varonis Systems Inc will post -1.16 EPS for the current fiscal year.

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About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, and secure enterprise data. Its software allows enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential customer, and patient and employee data; financial records; strategic and product plans; and other intellectual property.

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Institutional Ownership by Quarter for Varonis Systems (NASDAQ:VRNS)

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