Two Sigma Advisers LP Grows Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Two Sigma Advisers LP increased its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 64.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,380,200 shares of the technology company's stock after acquiring an additional 541,000 shares during the quarter. Two Sigma Advisers LP owned about 1.23% of Varonis Systems worth $61,322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. William Blair Investment Management LLC increased its holdings in Varonis Systems by 2.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,290,114 shares of the technology company's stock worth $101,750,000 after acquiring an additional 52,971 shares in the last quarter. Barclays PLC increased its holdings in Varonis Systems by 10.0% in the 3rd quarter. Barclays PLC now owns 389,522 shares of the technology company's stock worth $22,007,000 after acquiring an additional 35,274 shares in the last quarter. Advantage Alpha Capital Partners LP increased its holdings in Varonis Systems by 30.1% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 90,881 shares of the technology company's stock worth $4,038,000 after acquiring an additional 21,040 shares in the last quarter. Inspire Investing LLC grew its holdings in Varonis Systems by 185.9% during the 4th quarter. Inspire Investing LLC now owns 20,884 shares of the technology company's stock valued at $928,000 after buying an additional 13,580 shares in the last quarter. Finally, Jump Financial LLC grew its holdings in Varonis Systems by 83.5% during the 4th quarter. Jump Financial LLC now owns 205,737 shares of the technology company's stock valued at $9,141,000 after buying an additional 93,619 shares in the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VRNS shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $60.00 price objective on shares of Varonis Systems in a report on Wednesday, May 7th. Morgan Stanley cut their price objective on shares of Varonis Systems from $54.00 to $46.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. StockNews.com raised shares of Varonis Systems from a "sell" rating to a "hold" rating in a report on Monday, April 28th. UBS Group increased their price objective on shares of Varonis Systems from $55.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $67.00 price objective on shares of Varonis Systems in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $55.06.

Varonis Systems Stock Up 0.0%

Shares of VRNS opened at $46.33 on Tuesday. The company has a market cap of $5.19 billion, a PE ratio of -53.87 and a beta of 0.79. The business has a fifty day moving average of $41.99 and a 200 day moving average of $44.61. Varonis Systems, Inc. has a 52-week low of $36.53 and a 52-week high of $60.58. 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 (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.26). The company had revenue of $136.42 million during the quarter, compared to the consensus estimate of $133.10 million. Varonis Systems had a negative return on equity of 20.35% and a negative net margin of 17.38%. The firm's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) earnings per share. On average, sell-side analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current year.

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

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.

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