Graham Capital Management L.P. Purchases 21,514 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Graham Capital Management L.P. grew its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 207.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,894 shares of the technology company's stock after buying an additional 21,514 shares during the period. Graham Capital Management L.P.'s holdings in Varonis Systems were worth $1,417,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. William Blair Investment Management LLC raised its holdings in Varonis Systems by 2.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,290,114 shares of the technology company's stock worth $101,750,000 after buying an additional 52,971 shares during the last quarter. Barclays PLC raised its holdings in Varonis Systems by 10.0% in the third quarter. Barclays PLC now owns 389,522 shares of the technology company's stock worth $22,007,000 after buying an additional 35,274 shares during the last quarter. Advantage Alpha Capital Partners LP raised its holdings in Varonis Systems by 30.1% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 90,881 shares of the technology company's stock worth $4,038,000 after buying an additional 21,040 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Varonis Systems by 761.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,125,960 shares of the technology company's stock worth $50,026,000 after buying an additional 995,274 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in Varonis Systems by 185.9% in the fourth quarter. Inspire Investing LLC now owns 20,884 shares of the technology company's stock worth $928,000 after buying an additional 13,580 shares during the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. UBS Group lifted their target price on shares of Varonis Systems from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Wolfe Research raised shares of Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a report on Friday, March 28th. Royal Bank of Canada boosted their price objective on shares of Varonis Systems from $55.00 to $58.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. StockNews.com raised shares of Varonis Systems from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Finally, Wells Fargo & Company decreased 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 report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $55.06.

Varonis Systems Stock Performance

VRNS stock traded up $0.62 during midday trading on Friday, reaching $46.32. 1,385,746 shares of the company's stock traded hands, compared to its average volume of 1,537,350. Varonis Systems, Inc. has a 52-week low of $36.53 and a 52-week high of $60.58. The stock has a market cap of $5.18 billion, a P/E ratio of -53.86 and a beta of 0.79. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.99. The stock's 50-day moving average is $41.87 and its 200 day moving average is $44.68.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported ($0.31) EPS 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 for the quarter, compared to analysts' expectations of $133.10 million. During the same period in the prior year, the company posted ($0.03) earnings per share. The firm's quarterly revenue was up 19.6% on a year-over-year basis. As a group, analysts anticipate that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Varonis Systems declared that its board has authorized a share buyback program on Monday, February 10th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits 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 board of directors believes its stock is 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.