BlackRock Inc. grew its stake in shares of Varonis Systems Inc (NASDAQ:VRNS) by 25.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,382,680 shares of the technology company’s stock after acquiring an additional 489,675 shares during the quarter. BlackRock Inc. owned about 8.56% of Varonis Systems worth $115,680,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Emerald Advisers Inc. PA increased its stake in shares of Varonis Systems by 0.3% during the 4th quarter. Emerald Advisers Inc. PA now owns 719,544 shares of the technology company’s stock valued at $34,934,000 after acquiring an additional 2,384 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Varonis Systems by 9.5% during the 3rd quarter. New York State Common Retirement Fund now owns 41,740 shares of the technology company’s stock valued at $1,749,000 after acquiring an additional 3,620 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Varonis Systems by 64.0% during the 3rd quarter. GSA Capital Partners LLP now owns 10,118 shares of the technology company’s stock valued at $424,000 after acquiring an additional 3,950 shares during the last quarter. CAPROCK Group Inc. acquired a new position in shares of Varonis Systems during the 4th quarter valued at about $220,000. Finally, Eagle Asset Management Inc. increased its stake in shares of Varonis Systems by 2.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 199,275 shares of the technology company’s stock valued at $8,359,000 after acquiring an additional 4,772 shares during the last quarter. 85.23% of the stock is owned by institutional investors.
Shares of Varonis Systems Inc (NASDAQ VRNS) opened at $60.15 on Monday. The stock has a market cap of $1,701.46, a P/E ratio of -115.67 and a beta of 0.81. Varonis Systems Inc has a 1 year low of $26.35 and a 1 year high of $63.50.
In other Varonis Systems news, Director Kevin E. Comolli sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $58.97, for a total value of $2,948,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Bass sold 17,500 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $57.43, for a total transaction of $1,005,025.00. Following the completion of the sale, the executive vice president now directly owns 127,250 shares of the company’s stock, valued at approximately $7,307,967.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 242,134 shares of company stock valued at $13,829,741. Corporate insiders own 19.50% of the company’s stock.
A number of research analysts have recently commented on the stock. BidaskClub raised shares of Varonis Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday. Imperial Capital upped their price objective on shares of Varonis Systems from $63.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, March 14th. Zacks Investment Research raised shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, January 23rd. JMP Securities increased their target price on shares of Varonis Systems from $56.00 to $58.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus increased their target price on shares of Varonis Systems from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Varonis Systems has a consensus rating of “Buy” and an average price target of $58.33.
About Varonis Systems
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
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