Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 73.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,700 shares of the technology company's stock after selling 87,133 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Varonis Systems were worth $1,408,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG raised its stake in Varonis Systems by 97.7% during the fourth quarter. Deutsche Bank AG now owns 1,338,452 shares of the technology company's stock worth $59,467,000 after purchasing an additional 661,436 shares during the period. Corton Capital Inc. purchased a new position in Varonis Systems during the fourth quarter worth about $358,000. Crestline Management LP purchased a new position in Varonis Systems during the fourth quarter worth about $4,035,000. Brevan Howard Capital Management LP purchased a new position in Varonis Systems during the fourth quarter worth about $2,863,000. Finally, Captrust Financial Advisors raised its stake in Varonis Systems by 66.6% during the fourth quarter. Captrust Financial Advisors now owns 13,765 shares of the technology company's stock worth $612,000 after purchasing an additional 5,502 shares during the period. 95.65% of the stock is owned by hedge funds and other institutional investors.

Varonis Systems Stock Up 0.1%

NASDAQ VRNS traded up $0.06 on Friday, hitting $46.82. 705,411 shares of the stock were exchanged, compared to its average volume of 1,534,887. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. 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 market cap of $5.24 billion, a PE ratio of -54.44 and a beta of 0.79. The company has a 50-day moving average price of $42.48 and a 200-day moving average price of $44.46.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted 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). 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 firm earned ($0.03) EPS. The company's revenue was up 19.6% on a year-over-year basis. Sell-side analysts anticipate that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Varonis Systems declared that its board has approved a stock repurchase program on Monday, February 10th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VRNS. Needham & Company LLC reissued a "buy" rating and issued a $67.00 price target on shares of Varonis Systems in a research note on Wednesday, February 5th. Jefferies Financial Group reduced their price target on shares of Varonis Systems from $50.00 to $45.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. Wall Street Zen raised shares of Varonis Systems from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Morgan Stanley reduced their price target on shares of 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, Wells Fargo & Company reduced their price target on shares of Varonis Systems from $48.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.