VARONIS SYSTEMS INC (NASDAQ:VRNS) Move as Institutional Investors’ Sentiment Improved

Varonis Systems, Inc. (NASDAQ:VRNS) Logo

Sentiment for VARONIS SYSTEMS INC (NASDAQ:VRNS)

VARONIS SYSTEMS INC (NASDAQ:VRNS) institutional sentiment increased to 1.33 in Q2 2018. Its up 0.36, from 0.97 in 2018Q1. The ratio has improved, as 104 active investment managers opened new or increased stock positions, while 78 sold and decreased their stock positions in VARONIS SYSTEMS INC. The active investment managers in our partner’s database reported: 23.05 million shares, up from 22.20 million shares in 2018Q1. Also, the number of active investment managers holding VARONIS SYSTEMS INC in their top 10 stock positions decreased from 9 to 8 for a decrease of 1. Sold All: 13 Reduced: 65 Increased: 63 New Position: 41.

Varonis Systems, Inc. provides software solutions that protect data from insider threats and cyberattacks. The company has market cap of $1.67 billion. The company, through its software platform, allows organizations to analyze, secure, manage, and migrate volumes of unstructured data. It currently has negative earnings. It specializes in file and email systems that store spreadsheets, word processing documents, presentations, audio and video files, emails, and text.

The stock decreased 1.46% or $0.84 during the last trading session, reaching $56.6. About 260,614 shares traded. Varonis Systems, Inc. (NASDAQ:VRNS) has risen 91.94% since December 8, 2017 and is uptrending. It has outperformed by 76.32% the S&P500.

Analysts await Varonis Systems, Inc. (NASDAQ:VRNS) to report earnings on February, 11. They expect $0.09 earnings per share, down 50.00 % or $0.09 from last year’s $0.18 per share. VRNS’s profit will be $2.65M for 157.22 P/E if the $0.09 EPS becomes a reality. After $-0.25 actual earnings per share reported by Varonis Systems, Inc. for the previous quarter, Wall Street now forecasts -136.00 % EPS growth.

Ion Asset Management Ltd. holds 15.08% of its portfolio in Varonis Systems, Inc. for 917,820 shares. G2 Investment Partners Management Llc owns 197,726 shares or 4.87% of their US portfolio. Moreover, S Squared Technology Llc has 4% invested in the company for 67,586 shares. The United Kingdom-based Dsam Partners (London) Ltd has invested 3.9% in the stock. P.A.W. Capital Corp, a Connecticut-based fund reported 45,000 shares.

Since January 1, 0001, it had 0 insider buys, and 2 selling transactions for $1.58 million activity.

Varonis Systems, Inc. (NASDAQ:VRNS) Ratings Coverage

Ratings analysis reveals 57% of Varonis Systems’s analysts are positive. Out of 7 Wall Street analysts rating Varonis Systems, 4 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $65 while the high is $90. The stock’s average target of $75.43 is 33.27% above today’s ($56.6) share price. VRNS was included in 10 notes of analysts from June 25, 2018. Barclays Capital maintained it with “Equal-Weight” rating and $74 target in Tuesday, July 31 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, June 25. Stifel Nicolaus maintained it with “Buy” rating and $75 target in Tuesday, July 31 report. The stock of Varonis Systems, Inc. (NASDAQ:VRNS) has “Buy” rating given on Tuesday, July 31 by Jefferies. The stock of Varonis Systems, Inc. (NASDAQ:VRNS) has “Buy” rating given on Tuesday, September 18 by Needham. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, June 26. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, October 30. Barclays Capital maintained the shares of VRNS in report on Thursday, July 12 with “Equal-Weight” rating.

More notable recent Varonis Systems, Inc. (NASDAQ:VRNS) news were published by: Fool.com which released: “Varonis Systems (VRNS) Q1 2018 Earnings Conference Call Transcript – The Motley Fool” on May 01, 2018, also Globenewswire.com with their article: “Varonis Celebrates 10-Year Anniversary of First UK Location, Settles into New Office – GlobeNewswire” published on August 07, 2018, Globenewswire.com published: “Varonis to Present at May Investor Conferences – GlobeNewswire” on May 01, 2018. More interesting news about Varonis Systems, Inc. (NASDAQ:VRNS) were released by: Globenewswire.com and their article: “Varonis Announces Date of Third Quarter 2018 Financial Results – GlobeNewswire” published on October 08, 2018 as well as Nasdaq.com‘s news article titled: “Join Varonis at Gartner Identity and Access Management Summit 2018 and Learn How to Avoid the Most Common IAM Failures – Nasdaq” with publication date: November 28, 2018.

Varonis Systems, Inc. (NASDAQ:VRNS) Institutional Positions Chart

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