Thematics Asset Management Has $29.95 Million Stock Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Thematics Asset Management grew its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 40.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 530,000 shares of the technology company’s stock after purchasing an additional 152,000 shares during the period. Varonis Systems comprises approximately 1.2% of Thematics Asset Management’s investment portfolio, making the stock its 24th largest position. Thematics Asset Management owned 0.47% of Varonis Systems worth $29,945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in shares of Varonis Systems by 31.7% in the third quarter. BNP Paribas Financial Markets now owns 81,191 shares of the technology company’s stock valued at $4,587,000 after buying an additional 19,561 shares during the period. Quantbot Technologies LP raised its holdings in Varonis Systems by 61.4% during the third quarter. Quantbot Technologies LP now owns 113,671 shares of the technology company’s stock worth $6,422,000 after buying an additional 43,258 shares during the last quarter. Qsemble Capital Management LP bought a new position in shares of Varonis Systems in the third quarter valued at approximately $1,157,000. Harvest Fund Management Co. Ltd bought a new stake in Varonis Systems in the 3rd quarter worth about $184,000. Finally, Alpha DNA Investment Management LLC purchased a new position in Varonis Systems in the third quarter worth $465,000. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Trading Down 0.5 %

NASDAQ:VRNS traded down $0.26 during trading hours on Tuesday, hitting $49.85. The company had a trading volume of 116,774 shares, compared to its average volume of 1,359,533. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a 50-day moving average price of $54.91 and a 200 day moving average price of $50.92. The company has a market capitalization of $5.61 billion, a PE ratio of -66.81 and a beta of 0.82. Varonis Systems, Inc. has a 52 week low of $39.67 and a 52 week high of $60.58.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Varonis Systems had a negative return on equity of 17.58% and a negative net margin of 15.31%. The company had revenue of $148.07 million for the quarter, compared to analysts’ expectations of $141.62 million. During the same period in the prior year, the firm earned ($0.22) earnings per share. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. On average, equities research analysts predict that Varonis Systems, Inc. will post -0.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Susquehanna lifted their price objective on Varonis Systems from $55.00 to $65.00 and gave the stock a “positive” rating in a report on Tuesday, July 30th. Wells Fargo & Company upped their price target on shares of Varonis Systems from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Baird R W upgraded shares of Varonis Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Needham & Company LLC restated a “hold” rating on shares of Varonis Systems in a research report on Tuesday, July 30th. Finally, Wedbush reiterated an “outperform” rating and issued a $67.00 price target on shares of Varonis Systems in a research report on Monday, August 26th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.67.

Insider Transactions at Varonis Systems

In other news, CFO Guy Melamed sold 91,345 shares of the business’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 completion of the transaction, the chief financial officer now owns 504,598 shares in the company, valued at $27,096,912.60. The trade was 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 available through this link. Also, Vice Chairman James O’boyle sold 50,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $59.76, for a total transaction of $2,988,000.00. Following the transaction, the insider now owns 444,114 shares in the company, valued at approximately $26,540,252.64. This trade represents a 10.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

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.