Varonis Sys INC (VRNS) Stock Price Rose While Cadian Capital Management LP Trimmed Holding by $11.04 Million

Varonis Systems, Inc. (NASDAQ:VRNS) LogoInvestors sentiment increased to 1.27 in Q2 2019. Its up 0.26, from 1.01 in 2019Q1. It is positive, as 21 investors sold VRNS shares while 42 reduced holdings. 23 funds opened positions while 57 raised stakes. 24.76 million shares or 1.50% more from 24.40 million shares in 2019Q1 were reported. Waddell & Reed Financial Inc invested in 862,864 shares or 0.13% of the stock. Laurion Lp, New York-based fund reported 10,600 shares. Paw Cap owns 20,000 shares or 1.34% of their US portfolio. Jennison Associates Ltd Liability Company holds 0.03% or 429,601 shares in its portfolio. Ameriprise Financial Inc accumulated 91,315 shares. Tci Wealth Advsr owns 10 shares for 0% of their portfolio. Mackenzie accumulated 594,204 shares or 0.09% of the stock. 5,084 were reported by Stephens Ar. 256,504 were reported by Millennium Mgmt Limited Liability Corp. Mirador Prtn LP holds 10,424 shares. Great West Life Assurance Can holds 0% or 3,475 shares in its portfolio. Goldman Sachs, New York-based fund reported 167,228 shares. Quantitative Systematic Strategies Limited Liability holds 0.16% or 13,651 shares in its portfolio. Bancshares Of Mellon holds 133,400 shares or 0% of its portfolio. Hsbc Hldgs Public Ltd reported 0% stake.

Cadian Capital Management Lp decreased its stake in Varonis Sys Inc (VRNS) by 11.21% based on its latest 2019Q2 regulatory filing with the SEC. Cadian Capital Management Lp sold 269,335 shares as the company’s stock rose 2.35% . The hedge fund held 2.13 million shares of the technology company at the end of 2019Q2, valued at $89.42M, down from 2.40 million at the end of the previous reported quarter. Cadian Capital Management Lp who had been investing in Varonis Sys Inc for a number of months, seems to be less bullish one the $1.92B market cap company. The stock increased 0.43% or $0.27 during the last trading session, reaching $63.42. About 125,655 shares traded. Varonis Systems, Inc. (NASDAQ:VRNS) has risen 0.01% since October 12, 2018 and is uptrending. It has outperformed by 0.01% the S&P500.

Cadian Capital Management Lp, which manages about $5.56 billion and $2.14B US Long portfolio, upped its stake in American Tower Corp New (NYSE:AMT) by 175,100 shares to 325,885 shares, valued at $44.54 million in 2019Q2, according to the filing. It also increased its holding in Alphabet Inc by 13,755 shares in the quarter, for a total of 40,955 shares, and has risen its stake in Zendesk Inc (NYSE:ZEN).

Analysts await Varonis Systems, Inc. (NASDAQ:VRNS) to report earnings on November, 4. They expect $-0.62 earnings per share, down 148.00 % or $0.37 from last year’s $-0.25 per share. After $-0.79 actual earnings per share reported by Varonis Systems, Inc. for the previous quarter, Wall Street now forecasts -21.52 % EPS growth.

More notable recent Varonis Systems, Inc. (NASDAQ:VRNS) news were published by: Fool.com which released: “Varonis Systems Inc (VRNS) Q1 2019 Earnings Call Transcript – Motley Fool” on April 29, 2019, also Globenewswire.com with their article: “Varonis Recognized on CRN’s 2019 Security 100 List Nasdaq:VRNS – GlobeNewswire” published on February 25, 2019, Globenewswire.com published: “Every Employee Can Access 17 Million Files, Warns Varonis 2019 Global Data Risk Report – GlobeNewswire” on April 29, 2019. More interesting news about Varonis Systems, Inc. (NASDAQ:VRNS) were released by: Benzinga.com and their article: “Varonis Systems Q2 Earnings Preview – Benzinga” published on July 29, 2019 as well as Benzinga.com‘s news article titled: “Jim Cramer Weighs In On Exxon, Delta Air Lines And More – Benzinga” with publication date: May 02, 2019.

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

Among 3 analysts covering Varonis Systems (NASDAQ:VRNS), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Varonis Systems has $9200 highest and $6800 lowest target. $83.33’s average target is 31.39% above currents $63.42 stock price. Varonis Systems had 9 analyst reports since April 20, 2019 according to SRatingsIntel. The stock of Varonis Systems, Inc. (NASDAQ:VRNS) has “Outperform” rating given on Tuesday, July 30 by Wedbush. Wedbush maintained it with “Buy” rating and $85 target in Friday, June 21 report. Barclays Capital maintained the shares of VRNS in report on Monday, October 7 with “Equal-Weight” rating. The stock has “Buy” rating by Jefferies on Tuesday, October 8.

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

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