Kingdom Ridge Capital Lowers stake in Varonis Systems Inc (VRNS)

Varonis Systems Inc (VRNS) : Kingdom Ridge Capital reduced its stake in Varonis Systems Inc by 0.98% during the most recent quarter end. The investment management company now holds a total of 101,000 shares of Varonis Systems Inc which is valued at $2,828,000 after selling 1,000 shares in Varonis Systems Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Varonis Systems Inc makes up approximately 2.13% of Kingdom Ridge Capital’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in VRNS in the latest quarter, The investment management firm added 211 additional shares and now holds a total of 6,960 shares of Varonis Systems Inc which is valued at $194,880.Thrax Management reduced its stake in VRNS by selling 72,267 shares or 23.11% in the most recent quarter. The Hedge Fund company now holds 240,486 shares of VRNS which is valued at $6,733,608. Varonis Systems Inc makes up approx 1.97% of Thrax Management’s portfolio.Tower Research Capital (trc) boosted its stake in VRNS in the latest quarter, The investment management firm added 462 additional shares and now holds a total of 466 shares of Varonis Systems Inc which is valued at $13,048.Blackrock Group Ltd boosted its stake in VRNS in the latest quarter, The investment management firm added 2,099 additional shares and now holds a total of 4,173 shares of Varonis Systems Inc which is valued at $116,844.Penserra Capital Management reduced its stake in VRNS by selling 756 shares or 28.9% in the most recent quarter. The Hedge Fund company now holds 1,860 shares of VRNS which is valued at $50,927. Varonis Systems Inc makes up approx 0.01% of Penserra Capital Management’s portfolio.

Varonis Systems Inc opened for trading at $29.48 and hit $29.9 on the upside on Thursday, eventually ending the session at $29.74, with a gain of 0.64% or 0.19 points. The heightened volatility saw the trading volume jump to 99,892 shares. Company has a market cap of $785 M.

On the company’s financial health, Varonis Systems Inc reported $-0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $-0.17. The company had revenue of $38.60 million for the quarter, compared to analysts expectations of $36.59 million. The company’s revenue was up 32.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.18 EPS.

Many Wall Street Analysts have commented on Varonis Systems Inc. Company shares were Reiterated by Imperial Capital on Aug 12, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $27 .Needham Upgraded Varonis Systems Inc on Aug 10, 2016 to ” Buy”, Price Target of the shares are set at $34.Company shares were Reiterated by RBC Capital Mkts on Aug 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 32 from a previous price target of $27 .

Varonis Systems Inc. provides a software platform that allows enterprises to map analyze manage and their unstructured data. The Company specializes in human-generated data a type of unstructured data that includes an enterprise’s spreadsheets word processing documents presentations audio files video files e-mails text messages and any other data created by employees. Its product portfolio includes DatAdvantage DataPrivilege IDU Classification Framework Data Transport Engine DatAnywhere and DatAnswers. Its Metadata Framework is a technology platform that extracts metadata from an enterprise’s information technology (IT) infrastructure and uses this information to map functional relationships among employees data objects content and usage. IT and business personnel deploy its software for a variety of use cases including data governance data security archiving file synchronization mobile data accessibility and information collaboration.

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