Herald Investment Management Ltd adds Varonis Systems Inc (VRNS) to its portfolio

Varonis Systems Inc (VRNS) : Herald Investment Management Ltd added new position in Varonis Systems Inc during the most recent quarter end. The investment management firm now holds 65,000 shares of Varonis Systems Inc which is valued at $2,011,750 , the company said in a statement filed on Nov 14, 2016 with the SEC.Varonis Systems Inc makes up approximately 0.81% of Herald Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Thrax Management reduced its stake in VRNS by selling 165,661 shares or 68.89% in the most recent quarter. The Hedge Fund company now holds 74,825 shares of VRNS which is valued at $2,315,834. Varonis Systems Inc makes up approx 0.89% of Thrax Management’s portfolio.Employees Retirement System Of Texas reduced its stake in VRNS by selling 66,000 shares or 71.74% in the most recent quarter. The Hedge Fund company now holds 26,000 shares of VRNS which is valued at $780,000. Varonis Systems Inc makes up approx 0.01% of Employees Retirement System Of Texas’s portfolio.Blackrock Advisors boosted its stake in VRNS in the latest quarter, The investment management firm added 476 additional shares and now holds a total of 6,443 shares of Varonis Systems Inc which is valued at $188,136. Ubs Asset Management Americas Inc added VRNS to its portfolio by purchasing 8,118 company shares during the most recent quarter which is valued at $234,204.

Varonis Systems Inc opened for trading at $30.8 and hit $30.95 on the upside on Monday, eventually ending the session at $30.95, with a gain of 0.49% or 0.15 points. The heightened volatility saw the trading volume jump to 97,844 shares. Company has a market cap of $826 M.

On the company’s financial health, Varonis Systems Inc reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $-0.11. The company had revenue of $40.90 million for the quarter, compared to analysts expectations of $38.59 million. The company’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.

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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