Hood River Capital Management LLC Has $94.05 Million Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Hood River Capital Management LLC boosted its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,116,882 shares of the technology company's stock after acquiring an additional 231,998 shares during the quarter. Varonis Systems comprises about 1.4% of Hood River Capital Management LLC's investment portfolio, making the stock its 17th biggest holding. Hood River Capital Management LLC owned 1.88% of Varonis Systems worth $94,053,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Pinebridge Investments L.P. bought a new stake in shares of Varonis Systems during the 4th quarter worth $9,548,000. Dark Forest Capital Management LP purchased a new stake in shares of Varonis Systems during the fourth quarter valued at $699,000. Hsbc Holdings PLC boosted its position in shares of Varonis Systems by 1,319.4% in the 4th quarter. Hsbc Holdings PLC now owns 260,358 shares of the technology company's stock valued at $11,541,000 after purchasing an additional 242,015 shares during the period. Tower Research Capital LLC TRC increased its stake in Varonis Systems by 7.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,340 shares of the technology company's stock worth $193,000 after purchasing an additional 298 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in Varonis Systems during the 4th quarter worth about $62,000. 95.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays decreased their target price on shares of Varonis Systems from $60.00 to $52.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and set a $67.00 price objective on shares of Varonis Systems in a research report on Wednesday, February 5th. Morgan Stanley reduced their target price on Varonis Systems from $54.00 to $46.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price objective on Varonis Systems from $55.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Cantor Fitzgerald began coverage on Varonis Systems in a research note on Thursday, January 9th. They set an "overweight" rating and a $60.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $56.00.

Varonis Systems Stock Down 1.0 %

Shares of NASDAQ VRNS traded down $0.44 during mid-day trading on Monday, reaching $41.85. 173,546 shares of the company traded hands, compared to its average volume of 1,518,453. The company's fifty day moving average is $41.13 and its two-hundred day moving average is $46.01. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.24 and a current ratio of 1.24. Varonis Systems, Inc. has a fifty-two week low of $36.53 and a fifty-two week high of $60.58. The stock has a market cap of $4.68 billion, a PE ratio of -48.68 and a beta of 0.76.

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

Varonis Systems declared that its Board of Directors has approved a stock buyback 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 repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Varonis Systems Company 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.