Dimensional Fund Advisors LP Sells 79,791 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Dimensional Fund Advisors LP lowered its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 276,682 shares of the technology company's stock after selling 79,791 shares during the period. Dimensional Fund Advisors LP owned 0.25% of Varonis Systems worth $12,291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new stake in shares of Varonis Systems during the 4th quarter worth approximately $70,000. Pacer Advisors Inc. raised its stake in shares of Varonis Systems by 29.5% during the 4th quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company's stock worth $118,000 after purchasing an additional 603 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Varonis Systems during the 3rd quarter worth approximately $232,000. R Squared Ltd bought a new stake in shares of Varonis Systems during the 4th quarter worth approximately $194,000. Finally, KBC Group NV raised its stake in Varonis Systems by 45.6% in the 4th quarter. KBC Group NV now owns 4,751 shares of the technology company's stock valued at $211,000 after acquiring an additional 1,488 shares during the period. Institutional investors own 95.65% of the company's stock.

Varonis Systems Price Performance

Shares of VRNS stock traded up $0.54 on Monday, reaching $45.84. The company had a trading volume of 1,457,799 shares, compared to its average volume of 1,527,587. The business's 50-day moving average is $41.35 and its 200 day moving average is $44.97. Varonis Systems, Inc. has a one year low of $36.53 and a one year high of $60.58. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $5.13 billion, a PE ratio of -53.30 and a beta of 0.79.

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

Varonis Systems announced that its board has authorized a share buyback program on Monday, February 10th that allows the company to buyback $100.00 million in outstanding 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 generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VRNS. StockNews.com upgraded Varonis Systems from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Royal Bank of Canada increased their price target on Varonis Systems from $55.00 to $58.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Cantor Fitzgerald restated an "overweight" rating and issued a $60.00 price target on shares of Varonis Systems in a research note on Wednesday, May 7th. Morgan Stanley dropped their price target on Varonis Systems from $54.00 to $46.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, UBS Group increased their price target on Varonis Systems from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Varonis Systems currently has an average rating of "Moderate Buy" and a consensus price target of $55.06.

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.