Captrust Financial Advisors Buys 5,502 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Captrust Financial Advisors increased its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 66.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,765 shares of the technology company's stock after acquiring an additional 5,502 shares during the quarter. Captrust Financial Advisors' holdings in Varonis Systems were worth $612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VRNS. Tower Research Capital LLC TRC boosted its stake in Varonis Systems by 7.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,340 shares of the technology company's stock worth $193,000 after purchasing an additional 298 shares during the period. Summit Investment Advisors Inc. boosted its stake in Varonis Systems by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 11,534 shares of the technology company's stock worth $512,000 after purchasing an additional 365 shares during the period. Bailard Inc. boosted its stake in Varonis Systems by 0.4% in the 4th quarter. Bailard Inc. now owns 93,627 shares of the technology company's stock worth $4,160,000 after purchasing an additional 417 shares during the period. Franklin Resources Inc. boosted its stake in Varonis Systems by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 40,209 shares of the technology company's stock worth $1,786,000 after purchasing an additional 424 shares during the period. Finally, Arizona State Retirement System boosted its stake in Varonis Systems by 1.3% in the 4th quarter. Arizona State Retirement System now owns 32,531 shares of the technology company's stock worth $1,445,000 after purchasing an additional 425 shares during the period. 95.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VRNS has been the subject of several recent analyst reports. 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. Barclays lowered their target price on Varonis Systems from $60.00 to $52.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Wall Street Zen upgraded Varonis Systems from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. UBS Group increased their target price on Varonis Systems from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lowered their target price on Varonis Systems from $55.00 to $45.00 and set an "overweight" rating for the company in a research report 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $55.06.

Varonis Systems Trading Up 0.1%

VRNS stock traded up $0.06 during midday trading on Friday, reaching $46.82. The company's stock had a trading volume of 705,411 shares, compared to its average volume of 1,533,507. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a fifty day simple moving average of $42.37 and a two-hundred day simple moving average of $44.61. Varonis Systems, Inc. has a 1 year low of $36.53 and a 1 year high of $60.58. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of -54.44 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) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.26). The firm had revenue of $136.42 million for the quarter, compared to analysts' expectations of $133.10 million. Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.35%. The business's quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.03) EPS. On average, equities research analysts predict that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Varonis Systems declared that its Board of Directors has approved a stock repurchase plan on Monday, February 10th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Varonis Systems Company 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.