ExodusPoint Capital Management LP bought a new position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 12,598 shares of the technology company's stock, valued at approximately $560,000.
A number of other large investors have also recently modified their holdings of the stock. Captrust Financial Advisors grew its stake in Varonis Systems by 11.3% in the third quarter. Captrust Financial Advisors now owns 8,263 shares of the technology company's stock worth $467,000 after purchasing an additional 837 shares during the period. Barclays PLC boosted its holdings in shares of Varonis Systems by 10.0% during the 3rd quarter. Barclays PLC now owns 389,522 shares of the technology company's stock valued at $22,007,000 after buying an additional 35,274 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Varonis Systems by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,615,462 shares of the technology company's stock valued at $147,801,000 after buying an additional 29,050 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Varonis Systems in the 3rd quarter worth about $232,000. Finally, Franklin Resources Inc. increased its stake in shares of Varonis Systems by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 39,785 shares of the technology company's stock worth $2,383,000 after acquiring an additional 5,031 shares in the last quarter. Institutional investors own 95.65% of the company's stock.
Varonis Systems Stock Down 0.4 %
Shares of Varonis Systems stock traded down $0.16 on Thursday, reaching $40.68. The stock had a trading volume of 140,665 shares, compared to its average volume of 1,502,652. 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 $4.58 billion, a P/E ratio of -47.38 and a beta of 0.76. The company has a 50 day moving average price of $41.51 and a 200 day moving average price of $46.91. Varonis Systems, Inc. has a 1 year low of $36.53 and a 1 year high of $60.58.
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 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%. As a group, equities research analysts forecast that Varonis Systems, Inc. will post -0.83 EPS for the current year.
Varonis Systems announced that its Board of Directors has authorized a stock repurchase 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 repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.
Analysts Set New Price Targets
A number of brokerages have weighed in on VRNS. Jefferies Financial Group decreased their target price on shares of Varonis Systems from $50.00 to $45.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Wells Fargo & Company reduced their price objective on 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. Morgan Stanley dropped their target price on Varonis Systems from $54.00 to $46.00 and set an "overweight" rating on the stock in a report on Wednesday. Citigroup cut their target price on Varonis Systems from $57.00 to $46.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. Finally, StockNews.com lowered Varonis Systems from a "hold" rating to a "sell" rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.11.
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About Varonis Systems
(
Free Report)
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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