Picton Mahoney Asset Management Decreased Its Stake in Varonis Sys INC (VRNS) by $3.54 Million as Shares Rose

April 16, 2018 - By Michele Cranor

Varonis Systems, Inc. (NASDAQ:VRNS) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 1.6. That’s change of 0.12, from 2017Q3’s 1.72. 15 investors sold all, 48 reduced holdings as VRNS ratio fall. 55 increased stakes while 46 funds took stakes. Funds hold 22.34 million shares thus 2.79% more from 2017Q3’s 21.73 million shares. Hbk Invests Ltd Partnership has 0.01% invested in Varonis Systems, Inc. (NASDAQ:VRNS). Ameritas Ptnrs Inc invested 0% of its capital in Varonis Systems, Inc. (NASDAQ:VRNS). Pacad Invest Ltd has 0.02% invested in Varonis Systems, Inc. (NASDAQ:VRNS) for 1,700 shs. Amer Group Inc stated it has 13,186 shs or 0% of all its holdings. State Bank Of Montreal Can holds 0% or 29,471 shs in its capital. Ubs Asset Americas Inc has 372,163 shs. Citadel Lc reported 0% stake. Peak6 Invs LP stated it has 5,697 shs or 0% of all its holdings. Van Eck Associates Corporation has 5,661 shs. 178,178 are owned by Bamco New York. Bnp Paribas Arbitrage invested in 0% or 3,975 shs. Tower Capital Limited Liability (Trc) reported 183 shs. Thompson Davis & Inc holds 0.08% of its capital in Varonis Systems, Inc. (NASDAQ:VRNS) for 700 shs. Parametric Associates Ltd Liability stated it has 68,978 shs or 0% of all its holdings. Los Angeles Cap Mgmt & Equity Research Inc owns 49,699 shs.

VRNS registered $13.83 million net activity with 0 buys and 7 selling transactions since January 3, 2018. O’Boyle James had sold 35,000 shs worth $1.99M on Thursday, March 1. Bass David sold $1.01M worth of Varonis Systems, Inc. (NASDAQ:VRNS) or 17,500 shs on Tuesday, March 13. On Monday, March 26 a trade for 16,370 shs valued at $988,840 was made by Iohan Gili. Faitelson Yakov also sold $5.99M worth of Varonis Systems, Inc. (NASDAQ:VRNS) shs. Another trade for 50,000 shs valued at $2.95 million was sold by COMOLLI KEVIN E.

Picton Mahoney Asset Management decreased its holdings by 23.03% in Varonis Sys Inc (VRNS), according to 2017Q4 Securities and Exchange form. The company’s stock rose 23.96% while stock markets declined as Picton Mahoney Asset Management sold 73,800 shares. The technology company reported $11.97M value for the 2017Q4. Now the institutional investor is holding 246,600 shares, compared to the 320,400 from the previous quarter. Varonis Sys Inc has $1.86B MC. Its shares touched $65.75 on during the last trading session after 1.23% change.Varonis Systems, Inc. has volume of 163,289 shares. Since April 16, 2017 VRNS has risen 92.87% and is uptrending. VRNS outperformed by 81.32% the S&P500.

Picton Mahoney Asset Management manages about $1.40B US Long portfolio. It increased its stake in Alphabet Inc by 8,800 shares to 25,655 shares, valued at $27.03 million in 2017Q4, according to the filing. For a total of 226,000 shares it increased its holding in Camden Ppty Tr (NYSE:CPT) by 59,200 shares in the quarter, and has risen its stake in Pnc Finl Svcs Group Inc (NYSE:PNC).

Analysts await Varonis Systems, Inc. (NASDAQ:VRNS) to report earnings on May, 3. They expect $-0.49 EPS, down 22.50 % or $0.09 from last year’s $-0.4 per share. After $0.18 actual EPS reported by Varonis Systems, Inc. for the previous quarter, Wall Street now forecasts -372.22 % negative EPS growth.

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

Total analysts of 10 have positions in Varonis Systems (NASDAQ:VRNS) as follows: 9 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 90%. Since October 18, 2017 according to StockzIntelligence Inc Varonis Systems has 19 analyst reports. On Tuesday, February 13 the rating was maintained by RBC Capital Markets with “Buy”. On Tuesday, February 13 the firm has “Equal-Weight” rating given by Barclays Capital. The stock rating was maintained by RBC Capital Markets with “Buy” on Wednesday, October 18. On Wednesday, December 13 the stock has “Buy” rating by Oppenheimer. On Tuesday, February 13 the firm has “Market Outperform” rating given by JMP Securities. On Tuesday, February 13 the firm has “Buy” rating given by Stifel Nicolaus. On Sunday, December 17 the firm earned “Buy” rating by Stifel Nicolaus. On Thursday, November 2 the rating was maintained by Jefferies with “Buy”. On Tuesday, February 13 the stock of Varonis Systems, Inc. (NASDAQ:VRNS) earned “Buy” rating by Stephens. In Thursday, December 7 report RBC Capital Markets maintained it with “Buy” rating and $55.0 target.

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

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