Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 154,132 shares of the technology company's stock, valued at approximately $6,848,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Varonis Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of VRNS. Tower Research Capital LLC TRC lifted its holdings in shares of Varonis Systems by 7.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,340 shares of the technology company's stock valued at $193,000 after buying an additional 298 shares during the last quarter. Teza Capital Management LLC lifted its holdings in shares of Varonis Systems by 3.1% during the 4th quarter. Teza Capital Management LLC now owns 9,840 shares of the technology company's stock valued at $437,000 after buying an additional 299 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Varonis Systems by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 11,534 shares of the technology company's stock valued at $512,000 after buying an additional 365 shares during the last quarter. Bailard Inc. lifted its holdings in shares of Varonis Systems by 0.4% during the 4th quarter. Bailard Inc. now owns 93,627 shares of the technology company's stock valued at $4,160,000 after buying an additional 417 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Varonis Systems by 1.1% during the 4th quarter. Franklin Resources Inc. now owns 40,209 shares of the technology company's stock valued at $1,786,000 after buying an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 95.65% of the company's stock.

Varonis Systems Stock Performance

Shares of VRNS traded up $0.27 on Tuesday, reaching $49.56. 669,977 shares of the stock traded hands, compared to its average volume of 1,533,376. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of -57.59 and a beta of 0.79. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 1.24. Varonis Systems, Inc. has a 12 month low of $36.53 and a 12 month high of $60.58. The stock's 50-day moving average price is $43.20 and its 200-day moving average price is $44.26.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its quarterly 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). 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 net margin of 17.38% and a negative return on equity of 20.35%. The business's revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) earnings per share. Equities analysts forecast that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Varonis Systems declared that its board has approved a share repurchase program on Monday, February 10th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Jefferies Financial Group reduced their target price on Varonis Systems from $50.00 to $45.00 and set a "hold" rating for the company in a report on Monday, March 31st. Wolfe Research upgraded Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 target price for the company in a report on Friday, March 28th. Royal Bank of Canada boosted their target price on Varonis Systems from $55.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Wells Fargo & Company reduced their target price on Varonis Systems from $48.00 to $46.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Finally, UBS Group boosted their target price on Varonis Systems from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Six investment 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. According to MarketBeat.com, the company presently has an average 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.