Varonis Systems, Inc. (NASDAQ:VRNS) Shares Bought by Virtue Capital Management LLC

Virtue Capital Management LLC raised its stake in Varonis Systems, Inc. (NASDAQ:VRNS) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,320 shares of the technology company’s stock after purchasing an additional 1,056 shares during the period. Virtue Capital Management LLC’s holdings in Varonis Systems were worth $770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. boosted its stake in Varonis Systems by 0.3% in the fourth quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. now owns 395,820 shares of the technology company’s stock valued at $17,586,000 after acquiring an additional 1,073 shares in the last quarter. Vident Advisory LLC boosted its stake in Varonis Systems by 23.9% in the fourth quarter. Vident Advisory LLC now owns 85,870 shares of the technology company’s stock valued at $3,815,000 after acquiring an additional 16,539 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Varonis Systems by 45.0% in the fourth quarter. Squarepoint Ops LLC now owns 928,390 shares of the technology company’s stock valued at $41,248,000 after acquiring an additional 288,336 shares in the last quarter. Tremblant Capital Group boosted its stake in Varonis Systems by 2.3% in the fourth quarter. Tremblant Capital Group now owns 598,271 shares of the technology company’s stock valued at $26,581,000 after acquiring an additional 13,300 shares in the last quarter. Finally, Twinbeech Capital LP acquired a new position in Varonis Systems in the fourth quarter valued at $5,465,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

Varonis Systems Price Performance

Shares of NASDAQ:VRNS opened at $46.82 on Monday. 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 company has a market cap of $5.24 billion, a P/E ratio of -54.44 and a beta of 0.79. Varonis Systems, Inc. has a 52 week low of $36.53 and a 52 week high of $60.58. The company has a 50-day moving average price of $42.48 and a 200 day moving average price of $44.46.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.26). The firm had revenue of $136.42 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) EPS. Research analysts predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

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

Analysts Set New Price Targets

VRNS has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $67.00 price objective on shares of Varonis Systems in a research note on Wednesday, February 5th. Morgan Stanley decreased their target price on shares of Varonis Systems from $54.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada increased their target price on shares of Varonis Systems from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Wells Fargo & Company decreased their target price on shares of Varonis Systems from $48.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, UBS Group increased their target price on shares of Varonis Systems from $55.00 to $60.00 and gave the stock a “buy” rating in a research note 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.