Two Sigma Investments LP Purchases 278,070 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Two Sigma Investments LP lifted its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 26.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,310,118 shares of the technology company's stock after acquiring an additional 278,070 shares during the period. Two Sigma Investments LP owned approximately 1.16% of Varonis Systems worth $58,209,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. William Blair Investment Management LLC lifted its holdings in shares of Varonis Systems by 2.4% during 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 during the period. Barclays PLC lifted its holdings in shares of Varonis Systems by 10.0% during 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 during the period. Advantage Alpha Capital Partners LP lifted its holdings in shares of Varonis Systems by 30.1% during 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 during the period. Inspire Investing LLC lifted its holdings in shares of Varonis Systems by 185.9% during the 4th quarter. Inspire Investing LLC now owns 20,884 shares of the technology company's stock worth $928,000 after acquiring an additional 13,580 shares during the period. Finally, Jump Financial LLC lifted its holdings in shares of Varonis Systems by 83.5% during the 4th quarter. Jump Financial LLC now owns 205,737 shares of the technology company's stock worth $9,141,000 after acquiring an additional 93,619 shares during the period. Institutional investors own 95.65% of the company's stock.

Analysts Set New Price Targets

VRNS has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Varonis Systems from $48.00 to $46.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Barclays dropped their price target on shares of Varonis Systems from $60.00 to $52.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Wolfe Research raised shares of Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 target price for the company in a research note on Friday, March 28th. Royal Bank of Canada raised their price target on shares of Varonis Systems from $55.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Varonis Systems from $55.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $55.06.

Varonis Systems Trading Up 0.1%

NASDAQ VRNS traded up $0.06 during trading on Friday, hitting $46.82. The company had a trading volume of 705,411 shares, compared to its average volume of 1,534,887. 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 cap of $5.24 billion, a price-to-earnings ratio of -54.44 and a beta of 0.79. The company's fifty day moving average is $42.48 and its 200-day moving average is $44.52.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $136.42 million during the quarter, compared to the consensus estimate of $133.10 million. During the same quarter last year, the company posted ($0.03) earnings per share. The firm's revenue for the quarter was up 19.6% compared to the same quarter last year. On average, sell-side analysts predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Varonis Systems announced that its board has authorized a share repurchase plan on Monday, February 10th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

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.