Varonis Systems Inc (NASDAQ:VRNS) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can reduced its stake in shares of Varonis Systems Inc (NASDAQ:VRNS) by 61.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,351 shares of the technology company’s stock after selling 2,124 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Varonis Systems were worth $81,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Varonis Systems by 4.9% during the 2nd quarter. BlackRock Inc. now owns 2,083,710 shares of the technology company’s stock worth $129,064,000 after purchasing an additional 96,533 shares during the last quarter. Soma Equity Partners LP boosted its holdings in shares of Varonis Systems by 75.0% during the 2nd quarter. Soma Equity Partners LP now owns 1,050,000 shares of the technology company’s stock worth $65,037,000 after purchasing an additional 450,000 shares during the last quarter. Cadian Capital Management LP boosted its holdings in shares of Varonis Systems by 97.1% during the 2nd quarter. Cadian Capital Management LP now owns 989,553 shares of the technology company’s stock worth $61,293,000 after purchasing an additional 487,453 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Varonis Systems by 24.5% during the 2nd quarter. Mackenzie Financial Corp now owns 594,204 shares of the technology company’s stock worth $36,805,000 after purchasing an additional 116,804 shares during the last quarter. Finally, Atalan Capital Partners LP boosted its holdings in shares of Varonis Systems by 19.3% during the 2nd quarter. Atalan Capital Partners LP now owns 525,000 shares of the technology company’s stock worth $32,519,000 after purchasing an additional 85,000 shares during the last quarter. Institutional investors and hedge funds own 93.37% of the company’s stock.

Several brokerages have recently weighed in on VRNS. ValuEngine cut Varonis Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 30th. Barclays lowered their target price on Varonis Systems from $81.00 to $68.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Benchmark raised shares of Varonis Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Wedbush lifted their price target on shares of Varonis Systems from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Finally, Zacks Investment Research raised shares of Varonis Systems from a “sell” rating to a “hold” rating in a research report on Sunday, November 3rd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $75.50.

VRNS stock opened at $71.49 on Friday. The firm’s 50 day moving average price is $63.93 and its 200-day moving average price is $65.83. Varonis Systems Inc has a one year low of $48.67 and a one year high of $80.00.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results on Monday, October 28th. The technology company reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.18. The firm had revenue of $65.65 million for the quarter, compared to analyst estimates of $61.61 million. Varonis Systems had a negative net margin of 21.42% and a negative return on equity of 49.47%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. Analysts forecast that Varonis Systems Inc will post -2.45 earnings per share for the current year.

Varonis Systems Company Profile

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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