Varonis Systems, Inc. (NASDAQ:VRNS) Shares Bought by Man Group plc

Man Group plc lifted its stake in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 128.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 352,629 shares of the technology company's stock after purchasing an additional 198,001 shares during the quarter. Man Group plc owned about 0.31% of Varonis Systems worth $15,667,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Quarry LP purchased a new stake in Varonis Systems in the 4th quarter worth about $36,000. Johnson Financial Group Inc. purchased a new stake in shares of Varonis Systems in the fourth quarter worth approximately $61,000. Transce3nd LLC purchased a new stake in shares of Varonis Systems in the fourth quarter worth approximately $62,000. New Age Alpha Advisors LLC bought a new stake in shares of Varonis Systems during the 4th quarter worth approximately $70,000. Finally, Pacer Advisors Inc. lifted 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 acquiring an additional 603 shares during the last quarter. Institutional investors own 95.65% of the company's stock.

Varonis Systems Stock Up 0.0%

Shares of NASDAQ:VRNS traded up $0.01 during trading on Friday, reaching $46.77. The stock had a trading volume of 171,005 shares, compared to its average volume of 1,529,738. The firm's 50-day simple moving average is $42.37 and its 200 day simple moving average is $44.61. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.99. Varonis Systems, Inc. has a one year low of $36.53 and a one year high of $60.58. The company has a market capitalization of $5.23 billion, a P/E ratio of -54.45 and a beta of 0.79.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its earnings results 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 firm had revenue of $136.42 million during the quarter, compared to analyst estimates of $133.10 million. Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.35%. Varonis Systems's revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.03) earnings per share. As a group, research analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Varonis Systems announced that its board has approved a share repurchase plan 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have commented on the company. Jefferies Financial Group cut their price objective on Varonis Systems from $50.00 to $45.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. UBS Group increased their price objective on Varonis Systems from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Wolfe Research upgraded Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 price objective on the stock in a report on Friday, March 28th. Morgan Stanley lowered their target price on Varonis Systems from $54.00 to $46.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Needham & Company LLC reissued a "buy" rating and set a $67.00 price target on shares of Varonis Systems in a research report on Wednesday, February 5th. 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. Based on data from MarketBeat.com, Varonis Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.06.

About Varonis Systems

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.