Sessa Capital Im buys $7,925,708 stake in Varonis Systems Inc (VRNS)

Varonis Systems Inc (VRNS) : Sessa Capital Im scooped up 245,473 additional shares in Varonis Systems Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 283,061 shares of Varonis Systems Inc which is valued at $7,925,708.Varonis Systems Inc makes up approximately 2.16% of Sessa Capital Im’s portfolio.

Other Hedge Funds, Including , Pdt Partners reduced its stake in VRNS by selling 5,105 shares or 25.57% in the most recent quarter. The Hedge Fund company now holds 14,862 shares of VRNS which is valued at $416,136. Varonis Systems Inc makes up approx 0.02% of Pdt Partners’s portfolio. Timpani Capital Management added VRNS to its portfolio by purchasing 20,516 company shares during the most recent quarter which is valued at $574,448. Varonis Systems Inc makes up approx 0.23% of Timpani Capital Management’s portfolio. Castleark Management added VRNS to its portfolio by purchasing 159,773 company shares during the most recent quarter which is valued at $4,473,644. Varonis Systems Inc makes up approx 0.14% of Castleark Management’s portfolio.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.Jennison Associates boosted its stake in VRNS in the latest quarter, The investment management firm added 95,439 additional shares and now holds a total of 1,667,302 shares of Varonis Systems Inc which is valued at $42,632,912. Varonis Systems Inc makes up approx 0.04% of Jennison Associates’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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