Nebula Research & Development LLC Buys 6,826 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Nebula Research & Development LLC raised its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 83.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,018 shares of the technology company's stock after acquiring an additional 6,826 shares during the period. Nebula Research & Development LLC's holdings in Varonis Systems were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Oberweis Asset Management Inc. boosted its stake in Varonis Systems by 4.3% in the 4th quarter. Oberweis Asset Management Inc. now owns 145,800 shares of the technology company's stock worth $6,478,000 after purchasing an additional 6,000 shares during the period. Hood River Capital Management LLC lifted its holdings in shares of Varonis Systems by 12.3% in the fourth quarter. Hood River Capital Management LLC now owns 2,116,882 shares of the technology company's stock valued at $94,053,000 after purchasing an additional 231,998 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in shares of Varonis Systems in the fourth quarter valued at about $9,548,000. Dark Forest Capital Management LP acquired a new position in shares of Varonis Systems during the fourth quarter worth about $699,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Varonis Systems by 1,319.4% during the fourth quarter. Hsbc Holdings PLC now owns 260,358 shares of the technology company's stock worth $11,541,000 after buying an additional 242,015 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors.

Varonis Systems Stock Performance

Shares of VRNS traded up $0.30 during trading hours on Friday, hitting $43.01. The company had a trading volume of 734,606 shares, compared to its average volume of 1,522,007. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of -50.01 and a beta of 0.79. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average of $41.09 and a 200-day moving average of $45.42. Varonis Systems, Inc. has a 12 month low of $36.53 and a 12 month high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.24). Varonis Systems had a negative return on equity of 20.35% and a negative net margin of 17.38%. Equities analysts anticipate that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VRNS shares. Jefferies Financial Group reduced their price target on Varonis Systems from $50.00 to $45.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Wolfe Research upgraded 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 report on Friday, March 28th. Cantor Fitzgerald began coverage on shares of Varonis Systems in a research note on Thursday, January 9th. They issued an "overweight" rating and a $60.00 price target on the stock. Wells Fargo & Company decreased their price objective 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, JPMorgan Chase & Co. dropped their target price on Varonis Systems from $55.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Varonis Systems currently has a consensus rating of "Moderate Buy" and an average price target of $56.00.

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.