Cadian Capital Management LP Has Decreased Stake in Varonis Sys INC (VRNS) as Shares Rose

Varonis Systems, Inc. (NASDAQ:VRNS) LogoInvestors sentiment increased to 1.27 in 2019 Q2. Its up 0.26, from 1.01 in 2019Q1. It increased, 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. Jennison Assoc Lc invested in 429,601 shares or 0.03% of the stock. Campbell & Adviser has invested 0.47% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS). 28,954 were reported by Mirae Asset Global Invests Ltd. Blackrock reported 2.08 million shares. Hudson Bay Cap Limited Partnership invested 0.14% in Varonis Systems, Inc. (NASDAQ:VRNS). Amundi Pioneer Asset Mngmt Incorporated, a Massachusetts-based fund reported 2,200 shares. Jacobs Levy Equity Management holds 0.16% in Varonis Systems, Inc. (NASDAQ:VRNS) or 189,786 shares. Susquehanna Intll Group Inc Ltd Liability Partnership holds 0% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS) for 22,609 shares. Atria Invests Limited Liability Com has 0.03% invested in Varonis Systems, Inc. (NASDAQ:VRNS) for 4,377 shares. Sg Americas Securities Limited Co accumulated 28,760 shares or 0.01% of the stock. Brandywine Managers Ltd Liability Company reported 0.12% stake. Congress Asset Management Company Ma has 0.09% invested in Varonis Systems, Inc. (NASDAQ:VRNS). Legal & General Gp Public Ltd Com holds 0.01% or 202,964 shares in its portfolio. Great West Life Assurance Can reported 3,475 shares or 0% of all its holdings. Bamco, a New York-based fund reported 50,000 shares.

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 $89.42 million, 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 $1.92 billion 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 $5.56B and $2.14B US Long portfolio, upped its stake in Sage Therapeutics Inc (NASDAQ:SAGE) by 52,936 shares to 107,561 shares, valued at $6.70M in 2019Q2, according to the filing. It also increased its holding in Zayo Group Hldgs Inc (NYSE:ZAYO) by 1.38 million shares in the quarter, for a total of 4.04M shares, and has risen its stake in Alibaba Group Hldg Ltd (NYSE:BABA).

Analysts await Varonis Systems, Inc. (NASDAQ:VRNS) to report earnings on November, 4. They expect $-0.62 EPS, down 148.00 % or $0.37 from last year’s $-0.25 per share. After $-0.79 actual EPS 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: “Why Varonis Systems Stock Jumped 19.3% in April – Motley Fool” on May 07, 2019, also Globenewswire.com with their article: “Varonis Helps Companies Prepare for the Upcoming California Consumer Privacy Act – GlobeNewswire” published on April 29, 2019, Globenewswire.com published: “Varonis Announces Date of First Quarter 2019 Financial Results – GlobeNewswire” on April 08, 2019. More interesting news about Varonis Systems, Inc. (NASDAQ:VRNS) were released by: Fool.com and their article: “Varonis Systems Inc (VRNS) Q1 2019 Earnings Call Transcript – Motley Fool” published on April 29, 2019 as well as Globenewswire.com‘s news article titled: “Varonis Talks Black Swans and Showcases Cloud Security at Black Hat USA 2019 – GlobeNewswire” with publication date: July 31, 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 rating was maintained by Wedbush with “Outperform” on Tuesday, July 30. On Tuesday, October 8 the stock rating was reinitiated by Jefferies with “Buy”. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, October 7. Wedbush maintained the stock with “Buy” rating in Friday, June 21 report.

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

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