90,817 Shares in Varonis Systems, Inc. (NASDAQ:VRNS) Bought by Crestline Management LP

Crestline Management LP bought a new position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 90,817 shares of the technology company's stock, valued at approximately $4,035,000. Crestline Management LP owned about 0.08% of Varonis Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Varonis Systems by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 12,246,769 shares of the technology company's stock worth $544,124,000 after buying an additional 193,210 shares during the period. First Trust Advisors LP grew its holdings in shares of Varonis Systems by 4.8% during the 4th quarter. First Trust Advisors LP now owns 2,501,581 shares of the technology company's stock valued at $111,145,000 after acquiring an additional 113,573 shares in the last quarter. William Blair Investment Management LLC boosted its holdings 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 in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Varonis Systems by 1.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,287,544 shares of the technology company's stock worth $101,636,000 after purchasing an additional 29,852 shares in the last quarter. Finally, Hood River Capital Management LLC increased its position in Varonis Systems by 12.3% during the fourth quarter. Hood River Capital Management LLC now owns 2,116,882 shares of the technology company's stock worth $94,053,000 after acquiring an additional 231,998 shares during the period. 95.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on VRNS shares. Wells Fargo & Company dropped their price target on shares of Varonis Systems from $48.00 to $46.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Citigroup reduced their price target on shares of Varonis Systems from $57.00 to $46.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $60.00 price objective on shares of Varonis Systems in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price target 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. Finally, StockNews.com upgraded shares of Varonis Systems from a "sell" rating to a "hold" rating 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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.06.

Varonis Systems Trading Up 1.5%

Shares of VRNS traded up $0.68 during trading hours on Monday, hitting $45.98. 381,740 shares of the stock were exchanged, compared to its average volume of 1,523,416. Varonis Systems, Inc. has a fifty-two week low of $36.53 and a fifty-two week 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. The business has a 50-day moving average of $41.35 and a 200-day moving average of $44.97. The firm has a market capitalization of $5.15 billion, a P/E ratio of -53.43 and a beta of 0.79.

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

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

Varonis Systems Profile

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.