Captrust Financial Advisors Has $612,000 Stake in Varonis Systems, Inc. (NASDAQ:VRNS)

Captrust Financial Advisors increased its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 66.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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.

A number of other large investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in Varonis Systems in the fourth quarter valued at about $36,000. Johnson Financial Group Inc. purchased a new stake in shares of Varonis Systems in the 4th quarter worth about $61,000. Transce3nd LLC acquired a new stake in Varonis Systems in the 4th quarter valued at about $62,000. New Age Alpha Advisors LLC purchased a new position in Varonis Systems during the 4th quarter valued at about $70,000. Finally, Pacer Advisors Inc. grew its position in shares of Varonis Systems by 29.5% in the fourth quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company's stock valued at $118,000 after purchasing an additional 603 shares during the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley dropped their price target on Varonis Systems from $54.00 to $46.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Needham & Company LLC restated a "buy" rating and set a $67.00 target price on shares of Varonis Systems in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their target price 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. StockNews.com raised Varonis Systems from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Jefferies Financial Group decreased their price target on Varonis Systems from $50.00 to $45.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Varonis Systems currently has an average rating of "Moderate Buy" and an average price target of $55.06.

Varonis Systems Price Performance

Shares of VRNS stock traded down $0.22 during midday trading on Wednesday, reaching $46.31. 1,032,033 shares of the company were exchanged, compared to its average volume of 1,534,764. The company has a market cap of $5.18 billion, a P/E ratio of -53.85 and a beta of 0.79. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.24 and a current ratio of 1.24. Varonis Systems, Inc. has a 12 month low of $36.53 and a 12 month high of $60.58. The company's 50 day moving average price is $41.99 and its two-hundred day moving average price is $44.61.

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). The business 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 business's revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS. On average, sell-side analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Varonis Systems announced that its Board of Directors has initiated a stock repurchase program on Monday, February 10th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are 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.