Cadian Capital Management LP Has Lowered Varonis Sys INC (VRNS) 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 improved, 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. Cubist Systematic Strategies Ltd Liability Co has invested 0.01% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS). Amundi Pioneer Asset Mgmt reported 2,200 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 5,022 shares. 9,050 are held by Bailard. Stephens Ar holds 0.01% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS) for 5,084 shares. The New York-based Oppenheimer Asset Management has invested 0% in Varonis Systems, Inc. (NASDAQ:VRNS). 16,605 were accumulated by Campbell & Inv Adviser. Macquarie Group owns 265,609 shares or 0.03% of their US portfolio. Eagle Global Ltd reported 6,000 shares. Moreover, Massmutual Tru Fsb Adv has 0% invested in Varonis Systems, Inc. (NASDAQ:VRNS) for 50 shares. Jacobs Levy Equity Mgmt has 189,786 shares. Northern Trust owns 367,474 shares. Voya Inv Mgmt Limited Liability Corp, a Georgia-based fund reported 11,502 shares. 976 are owned by Psagot House Ltd. Citadel Advisors Ltd Liability Company holds 0% of its portfolio in Varonis Systems, Inc. (NASDAQ:VRNS) for 13,211 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 2.13M shares of the technology company at the end of 2019Q2, valued at $89.42M, down from 2.40M 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 $5.56B and $2.14 billion US Long portfolio, upped its stake in Iac Interactivecorp (NASDAQ:IACI) by 1.13M shares to 1.68M shares, valued at $197.36M in 2019Q2, according to the filing. It also increased its holding in Zynga Inc (NASDAQ:ZNGA) by 2.73 million shares in the quarter, for a total of 14.41M shares, and has risen its stake in Alexion Pharmaceuticals Inc (NASDAQ:ALXN).

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: Globenewswire.com which released: “Varonis Launches Certified Administrator Training and Elite Program to Support Customers Focused on Data-Centric Cybersecurity – GlobeNewswire” on April 24, 2019, also Globenewswire.com with their article: “Varonis Announces Fourth Quarter and Full Year 2018 Financial Results – GlobeNewswire” published on February 11, 2019, Fool.com published: “Palo Alto Networks Stock Upgraded: What You Need to Know – Motley Fool” on October 18, 2018. More interesting news about Varonis Systems, Inc. (NASDAQ:VRNS) were released by: Finance.Yahoo.com and their article: “Varonis Systems (NASDAQ:VRNS) Shareholders Have Enjoyed An Impressive 209% Share Price Gain – Yahoo Finance” published on May 15, 2019 as well as Globenewswire.com‘s news article titled: “Varonis Announces Second Quarter 2019 Financial Results Nasdaq:VRNS – GlobeNewswire” with publication date: July 29, 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) earned “Equal-Weight” rating by Barclays Capital on Monday, October 7. As per Tuesday, October 8, the company rating was reinitiated by Jefferies. The company was maintained on Tuesday, July 30 by Wedbush. The company was maintained on Friday, June 21 by Wedbush.

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

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