Analysts’ Weekly Ratings Updates for Varonis Systems (VRNS)

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Varonis Systems (NASDAQ: VRNS) recently received a number of ratings updates from brokerages and research firms:

  • 5/31/2019 – Varonis Systems was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Varonis Systems Inc. provides an innovative software platform that allows enterprises to map, analyze, manage and migrate their unstructured data. Its products include DatAdvantage, DataPrivilege, IDU Classification Framework, Data Transport Engine and DatAnywhere. The company sells its products to small and medium businesses, and large multinational enterprises in financial services, consumer and retail, industrial, healthcare, and energy and utilities industries. Varonis Systems Inc. is headquartered in New York. “
  • 5/25/2019 – Varonis Systems was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Varonis Systems Inc. provides an innovative software platform that allows enterprises to map, analyze, manage and migrate their unstructured data. Its products include DatAdvantage, DataPrivilege, IDU Classification Framework, Data Transport Engine and DatAnywhere. The company sells its products to small and medium businesses, and large multinational enterprises in financial services, consumer and retail, industrial, healthcare, and energy and utilities industries. Varonis Systems Inc. is headquartered in New York. “
  • 5/22/2019 – Varonis Systems was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 5/16/2019 – Varonis Systems was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Varonis Systems Inc. provides an innovative software platform that allows enterprises to map, analyze, manage and migrate their unstructured data. Its products include DatAdvantage, DataPrivilege, IDU Classification Framework, Data Transport Engine and DatAnywhere. The company sells its products to small and medium businesses, and large multinational enterprises in financial services, consumer and retail, industrial, healthcare, and energy and utilities industries. Varonis Systems Inc. is headquartered in New York. “
  • 5/4/2019 – Varonis Systems was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Varonis Systems Inc. provides an innovative software platform that allows enterprises to map, analyze, manage and migrate their unstructured data. Its products include DatAdvantage, DataPrivilege, IDU Classification Framework, Data Transport Engine and DatAnywhere. The company sells its products to small and medium businesses, and large multinational enterprises in financial services, consumer and retail, industrial, healthcare, and energy and utilities industries. Varonis Systems Inc. is headquartered in New York. “
  • 5/3/2019 – Varonis Systems was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 4/30/2019 – Varonis Systems had its price target raised by analysts at UBS Group AG from $68.00 to $80.00. They now have an “outperform” rating on the stock.
  • 4/30/2019 – Varonis Systems was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $85.00 price target on the stock.
  • 4/30/2019 – Varonis Systems had its price target raised by analysts at Stifel Nicolaus from $52.00 to $70.00. They now have a “hold” rating on the stock.
  • 4/30/2019 – Varonis Systems had its price target raised by analysts at Morgan Stanley from $55.00 to $65.00. They now have an “equal weight” rating on the stock.
  • 4/30/2019 – Varonis Systems had its price target raised by analysts at DA Davidson to $78.00. They now have a “buy” rating on the stock.
  • 4/30/2019 – Varonis Systems had its price target raised by analysts at Jefferies Financial Group Inc from $73.00 to $77.00. They now have a “buy” rating on the stock.
  • 4/19/2019 – Varonis Systems was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 4/17/2019 – Varonis Systems was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Varonis Systems Inc. provides an innovative software platform that allows enterprises to map, analyze, manage and migrate their unstructured data. Its products include DatAdvantage, DataPrivilege, IDU Classification Framework, Data Transport Engine and DatAnywhere. The company sells its products to small and medium businesses, and large multinational enterprises in financial services, consumer and retail, industrial, healthcare, and energy and utilities industries. Varonis Systems Inc. is headquartered in New York. “

NASDAQ VRNS opened at $62.08 on Thursday. The company has a market cap of $1.84 billion, a PE ratio of -63.35 and a beta of 1.12. Varonis Systems Inc has a 1-year low of $48.67 and a 1-year high of $83.10.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings data on Monday, April 29th. The technology company reported ($0.68) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by ($0.04). The firm had revenue of $56.40 million for the quarter, compared to analyst estimates of $59.36 million. Varonis Systems had a negative return on equity of 30.00% and a negative net margin of 13.24%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.22) EPS. Equities research analysts forecast that Varonis Systems Inc will post -1.75 EPS for the current year.

In other news, EVP David Bass sold 42,416 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $72.54, for a total transaction of $3,076,856.64. Following the sale, the executive vice president now directly owns 202,833 shares of the company’s stock, valued at $14,713,505.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its stake in Varonis Systems by 1.6% in the third quarter. Teachers Advisors LLC now owns 53,837 shares of the technology company’s stock valued at $3,944,000 after acquiring an additional 863 shares during the last quarter. Strs Ohio boosted its stake in Varonis Systems by 6.3% in the fourth quarter. Strs Ohio now owns 16,900 shares of the technology company’s stock valued at $894,000 after acquiring an additional 1,000 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in Varonis Systems by 26.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 5,800 shares of the technology company’s stock valued at $307,000 after acquiring an additional 1,200 shares during the last quarter. Rhumbline Advisers boosted its stake in Varonis Systems by 52.3% in the fourth quarter. Rhumbline Advisers now owns 37,852 shares of the technology company’s stock valued at $2,002,000 after acquiring an additional 12,992 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Varonis Systems by 373.9% in the fourth quarter. SG Americas Securities LLC now owns 7,180 shares of the technology company’s stock valued at $380,000 after acquiring an additional 5,665 shares during the last quarter. 89.57% of the stock is currently owned by institutional investors and hedge funds.

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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