Zurcher Kantonalbank Zurich Cantonalbank Has $286,000 Stake in Varonis Systems Inc (VRNS)
Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Varonis Systems Inc (NASDAQ:VRNS) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,896 shares of the technology company’s stock after selling 976 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Varonis Systems were worth $286,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. CAPROCK Group Inc. acquired a new stake in shares of Varonis Systems during the 4th quarter worth approximately $220,000. Schmidt P J Investment Management Inc. acquired a new stake in shares of Varonis Systems during the 3rd quarter worth approximately $243,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Varonis Systems during the 3rd quarter worth approximately $304,000. Voya Investment Management LLC acquired a new stake in shares of Varonis Systems during the 2nd quarter worth approximately $313,000. Finally, Macquarie Group Ltd. acquired a new stake in shares of Varonis Systems during the 3rd quarter worth approximately $381,000. Institutional investors own 84.81% of the company’s stock.
Varonis Systems Inc (NASDAQ VRNS) opened at $56.30 on Monday. Varonis Systems Inc has a 1-year low of $26.35 and a 1-year high of $56.80.
In related news, CEO Yakov Faitelson sold 46,569 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $51.16, for a total transaction of $2,382,470.04. Following the completion of the transaction, the chief executive officer now owns 211,572 shares in the company, valued at $10,824,023.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Guy Melamed sold 897 shares of Varonis Systems stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $48.95, for a total transaction of $43,908.15. Following the completion of the transaction, the chief financial officer now directly owns 95,408 shares in the company, valued at approximately $4,670,221.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 223,754 shares of company stock valued at $11,352,516. Corporate insiders own 19.50% of the company’s stock.
VRNS has been the subject of several analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $55.00 price target on shares of Varonis Systems in a research report on Thursday, December 7th. Zacks Investment Research upgraded shares of Varonis Systems from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Thursday, November 2nd. Jefferies Group lifted their price target on shares of Varonis Systems from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Barclays reiterated a “neutral” rating on shares of Varonis Systems in a research report on Tuesday, December 19th. Finally, Oppenheimer reiterated a “buy” rating and set a $57.00 price target on shares of Varonis Systems in a research report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $57.92.
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Varonis Systems Profile
Varonis Systems, Inc provides a solutions that protect data from insider threats and cyberattacks. The Company’s products include DatAdvantage, DataPrivilege, Interface Data Unit Classification Framework, Data Transport Engine, DatAnywhere and DatAnswers. Its platform allows enterprises to analyze, secure, manage and migrate volumes of unstructured data.
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