Varonis Systems Inc (VRNS) : Garelick Capital Partners Lp added new position in Varonis Systems Inc during the most recent quarter end. The investment management firm now holds 120,457 shares of Varonis Systems Inc which is valued at $3,372,796 , the company said in a statement filed on Aug 10, 2016 with the SEC.Varonis Systems Inc makes up approximately 2.29% of Garelick Capital Partners Lp’s portfolio.
Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. boosted its stake in VRNS in the latest quarter, The investment management firm added 19,436 additional shares and now holds a total of 267,737 shares of Varonis Systems Inc which is valued at $7,496,636.Psagot Investment House Ltd. reduced its stake in VRNS by selling 1,828 shares or 43.68% in the most recent quarter. The Hedge Fund company now holds 2,357 shares of VRNS which is valued at $64,535.Teacher Retirement System Of Texas boosted its stake in VRNS in the latest quarter, The investment management firm added 537 additional shares and now holds a total of 1,647 shares of Varonis Systems Inc which is valued at $42,361.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.Swiss National Bank boosted its stake in VRNS in the latest quarter, The investment management firm added 4,200 additional shares and now holds a total of 21,118 shares of Varonis Systems Inc which is valued at $539,987.
Varonis Systems Inc opened for trading at $27.67 and hit $28.76 on the upside on Friday, eventually ending the session at $28.43, with a gain of 2.60% or 0.72 points. The heightened volatility saw the trading volume jump to 3,16,115 shares. Company has a market cap of $750 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 enterprises 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 enterprises 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.