Varonis Systems, Inc. (NASDAQ:VRNS) Stock Holdings Raised by Kopion Asset Management LLC

Kopion Asset Management LLC boosted its stake in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 28.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,992 shares of the technology company's stock after purchasing an additional 46,196 shares during the period. Varonis Systems comprises about 6.5% of Kopion Asset Management LLC's holdings, making the stock its 6th largest holding. Kopion Asset Management LLC owned about 0.18% of Varonis Systems worth $8,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in shares of Varonis Systems by 7.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,340 shares of the technology company's stock valued at $193,000 after acquiring an additional 298 shares during the last quarter. Teza Capital Management LLC raised its position in Varonis Systems by 3.1% during the 4th quarter. Teza Capital Management LLC now owns 9,840 shares of the technology company's stock worth $437,000 after purchasing an additional 299 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Varonis Systems by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 11,534 shares of the technology company's stock worth $512,000 after buying an additional 365 shares during the period. Bailard Inc. grew its position in shares of Varonis Systems by 0.4% in 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. increased its stake in shares of Varonis Systems by 1.1% in the fourth 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 period. Institutional investors own 95.65% of the company's stock.

Varonis Systems Stock Performance

Varonis Systems stock traded down $0.02 during mid-day trading on Wednesday, reaching $49.76. 642,764 shares of the company's stock were exchanged, compared to its average volume of 1,577,385. The business's fifty day simple moving average is $43.36 and its 200 day simple moving average is $44.30. 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, Inc. has a one year low of $36.53 and a one year high of $60.58. The firm has a market capitalization of $5.57 billion, a PE ratio of -57.86 and a beta of 0.79.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released 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). The business had revenue of $136.42 million for the quarter, compared to analysts' expectations 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 for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the company earned ($0.03) earnings per share. On average, sell-side analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Varonis Systems from $55.00 to $58.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Barclays reduced their price objective on Varonis Systems from $60.00 to $52.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company cut their target price on Varonis Systems from $48.00 to $46.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Jefferies Financial Group decreased their price target on shares of Varonis Systems from $50.00 to $45.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $60.00 price objective on shares of Varonis Systems in a research note on Wednesday, May 7th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $55.06.

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.