111 Capital Takes Position in Varonis Systems, Inc. (NASDAQ:VRNS)

111 Capital bought a new stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,883 shares of the technology company’s stock, valued at approximately $261,000.

A number of other institutional investors have also recently modified their holdings of VRNS. Quarry LP acquired a new stake in Varonis Systems in the 4th quarter worth about $36,000. Johnson Financial Group Inc. acquired a new stake in Varonis Systems in the 4th quarter worth about $61,000. Transce3nd LLC acquired a new stake in Varonis Systems in the 4th quarter worth about $62,000. New Age Alpha Advisors LLC acquired a new stake in Varonis Systems in the 4th quarter worth about $70,000. Finally, Pacer Advisors Inc. boosted its holdings in Varonis Systems by 29.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company’s stock worth $118,000 after buying an additional 603 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Stock Up 1.4%

VRNS stock opened at $47.90 on Friday. The firm has a market cap of $5.36 billion, a PE ratio of -55.70 and a beta of 0.79. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.24 and a current ratio of 1.24. The firm’s 50 day moving average price is $42.93 and its 200-day moving average price is $44.42. Varonis Systems, Inc. has a one year low of $36.53 and a one year high of $60.58.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings results 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 firm 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%. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) EPS. On average, equities research analysts anticipate that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Varonis Systems announced that its board has initiated a stock buyback plan on Monday, February 10th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Morgan Stanley lowered their price objective on Varonis Systems from $54.00 to $46.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Wall Street Zen upgraded Varonis Systems from a “sell” rating to a “hold” rating in a report on Monday, April 28th. JPMorgan Chase & Co. decreased their target price on shares of Varonis Systems from $55.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company decreased their target price on shares of Varonis Systems from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Barclays decreased their target price on shares of Varonis Systems from $60.00 to $52.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.06.

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.