BNP Paribas Financial Markets Has $3.33 Million Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

BNP Paribas Financial Markets lessened its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,938 shares of the technology company's stock after selling 6,253 shares during the period. BNP Paribas Financial Markets owned 0.07% of Varonis Systems worth $3,329,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Barclays PLC raised its stake in Varonis Systems by 10.0% during the third quarter. Barclays PLC now owns 389,522 shares of the technology company's stock worth $22,007,000 after buying an additional 35,274 shares during the last quarter. Franklin Resources Inc. raised its stake in Varonis Systems by 14.5% during the third quarter. Franklin Resources Inc. now owns 39,785 shares of the technology company's stock worth $2,383,000 after buying an additional 5,031 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Varonis Systems by 761.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,125,960 shares of the technology company's stock worth $50,026,000 after buying an additional 995,274 shares during the last quarter. Oak Ridge Investments LLC bought a new position in Varonis Systems during the fourth quarter worth $1,398,000. Finally, AMI Asset Management Corp raised its stake in Varonis Systems by 91.7% during the fourth quarter. AMI Asset Management Corp now owns 16,456 shares of the technology company's stock worth $731,000 after buying an additional 7,872 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company's stock.

Analysts Set New Price Targets

VRNS has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Varonis Systems from $55.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Barclays decreased their price target on shares of Varonis Systems from $60.00 to $52.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada lifted their price target on shares of Varonis Systems from $55.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Morgan Stanley decreased their target price on shares of Varonis Systems from $54.00 to $46.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, StockNews.com raised shares of Varonis Systems from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $55.06.

Varonis Systems Price Performance

Shares of NASDAQ:VRNS opened at $45.70 on Friday. The company's fifty day moving average price is $41.73 and its 200-day moving average price is $44.82. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of -53.14 and a beta of 0.79. Varonis Systems, Inc. has a one year low of $36.53 and a one year high of $60.58. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 1.24.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.26). The company had revenue of $136.42 million during the quarter, compared to the consensus estimate of $133.10 million. Varonis Systems had a negative return on equity of 20.35% and a negative net margin of 17.38%. Varonis Systems's quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) EPS. On average, equities research analysts anticipate that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Varonis Systems declared that its Board of Directors has approved a share buyback program on Monday, February 10th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

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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