Bamco Inc. NY Has $27.05 Million Stock Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Bamco Inc. NY trimmed its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 23.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 608,799 shares of the technology company's stock after selling 184,740 shares during the period. Bamco Inc. NY owned about 0.54% of Varonis Systems worth $27,049,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. William Blair Investment Management LLC increased its position in Varonis Systems by 2.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,290,114 shares of the technology company's stock worth $101,750,000 after purchasing an additional 52,971 shares during the period. Barclays PLC boosted its stake in shares of Varonis Systems by 10.0% in the 3rd quarter. Barclays PLC now owns 389,522 shares of the technology company's stock valued at $22,007,000 after purchasing an additional 35,274 shares during the last quarter. Advantage Alpha Capital Partners LP grew its position in shares of Varonis Systems by 30.1% during the 4th quarter. Advantage Alpha Capital Partners LP now owns 90,881 shares of the technology company's stock worth $4,038,000 after buying an additional 21,040 shares during the period. Principal Financial Group Inc. raised its stake in shares of Varonis Systems by 9.0% during the third quarter. Principal Financial Group Inc. now owns 1,783,873 shares of the technology company's stock worth $100,789,000 after buying an additional 147,081 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Varonis Systems by 761.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,125,960 shares of the technology company's stock valued at $50,026,000 after buying an additional 995,274 shares during the period. 95.65% of the stock is owned by institutional investors and hedge funds.

Varonis Systems Price Performance

VRNS stock opened at $43.01 on Monday. The stock has a 50-day moving average price of $41.09 and a two-hundred day moving average price of $45.42. Varonis Systems, Inc. has a 1 year low of $36.53 and a 1 year high of $60.58. The stock has a market cap of $4.81 billion, a PE ratio of -50.01 and a beta of 0.79. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.99.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.24). Varonis Systems had a negative return on equity of 20.35% and a negative net margin of 17.38%. Equities analysts forecast that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Varonis Systems declared that its Board of Directors has authorized a stock repurchase program on Monday, February 10th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wolfe Research upgraded shares of Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 target price for the company in a research report on Friday, March 28th. StockNews.com raised Varonis Systems from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Needham & Company LLC restated a "buy" rating and set a $67.00 target price on shares of Varonis Systems in a research report on Wednesday, February 5th. Cantor Fitzgerald initiated coverage on Varonis Systems in a research note on Thursday, January 9th. They issued an "overweight" rating and a $60.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Varonis Systems from $55.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

About Varonis Systems

Varonis Systems, Inc provides software products and services that allow enterprises to manage, analyze, alert, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally. Its software enables enterprises to protect data stored on premises and in the cloud, including sensitive files and emails; confidential personal data belonging to customers, and patients and employees' data; financial records; source code, strategic and product plans; and other intellectual property.

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