Two Sigma Investments LP Has $58.21 Million Stock Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Two Sigma Investments LP boosted its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,310,118 shares of the technology company's stock after purchasing an additional 278,070 shares during the quarter. Two Sigma Investments LP owned 1.16% of Varonis Systems worth $58,209,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Varonis Systems by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 12,246,769 shares of the technology company's stock worth $544,124,000 after purchasing an additional 193,210 shares during the period. First Trust Advisors LP grew its position in Varonis Systems by 4.8% during the fourth quarter. First Trust Advisors LP now owns 2,501,581 shares of the technology company's stock worth $111,145,000 after buying an additional 113,573 shares in the last quarter. William Blair Investment Management LLC increased its stake in Varonis Systems by 2.4% during the fourth quarter. William Blair Investment Management LLC now owns 2,290,114 shares of the technology company's stock valued at $101,750,000 after acquiring an additional 52,971 shares during the period. Pictet Asset Management Holding SA raised its holdings in Varonis Systems by 1.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,287,544 shares of the technology company's stock valued at $101,636,000 after acquiring an additional 29,852 shares in the last quarter. Finally, Hood River Capital Management LLC raised its holdings in Varonis Systems by 12.3% in the 4th quarter. Hood River Capital Management LLC now owns 2,116,882 shares of the technology company's stock valued at $94,053,000 after acquiring an additional 231,998 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Needham & Company LLC restated a "buy" rating and set a $67.00 price objective on shares of Varonis Systems in a research report on Wednesday, February 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $60.00 price target on shares of Varonis Systems in a research note on Wednesday, May 7th. 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 research note on Wednesday, May 7th. Royal Bank of Canada raised their price objective 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, Jefferies Financial Group lowered their target price 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. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.06.

Varonis Systems Trading Up 0.0%

Shares of VRNS opened at $46.33 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $5.19 billion, a price-to-earnings ratio of -53.87 and a beta of 0.79. The stock has a fifty day moving average price of $41.99 and a two-hundred day moving average price of $44.61. Varonis Systems, Inc. has a 52-week low of $36.53 and a 52-week high of $60.58.

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 analysts' consensus estimates of ($0.05) by ($0.26). Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.35%. The business had revenue of $136.42 million during the quarter, compared to analyst estimates of $133.10 million. During the same quarter last year, the business posted ($0.03) earnings per share. The business's quarterly revenue was up 19.6% compared to the same quarter last year. Analysts predict that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Varonis Systems declared that its Board of Directors has authorized a share buyback 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 shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is 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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