Varonis Systems, Inc. (NASDAQ:VRNS) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 23.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 434,123 shares of the technology company's stock after buying an additional 83,653 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.39% of Varonis Systems worth $19,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in VRNS. Assenagon Asset Management S.A. increased its holdings in shares of Varonis Systems by 761.6% during the 4th 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. WCM Investment Management LLC purchased a new position in shares of Varonis Systems during the 3rd quarter worth approximately $17,419,000. Two Sigma Advisers LP boosted its position in shares of Varonis Systems by 46.7% during the 3rd quarter. Two Sigma Advisers LP now owns 839,200 shares of the technology company's stock worth $47,415,000 after purchasing an additional 267,000 shares during the period. Thematics Asset Management boosted its position in shares of Varonis Systems by 40.2% during the 3rd quarter. Thematics Asset Management now owns 530,000 shares of the technology company's stock worth $29,945,000 after purchasing an additional 152,000 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Varonis Systems by 9.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,783,873 shares of the technology company's stock worth $100,789,000 after purchasing an additional 147,081 shares during the period. Institutional investors and hedge funds own 95.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VRNS shares. UBS Group increased their price objective on shares of Varonis Systems from $63.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Robert W. Baird increased their price objective on shares of Varonis Systems from $60.00 to $62.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Jefferies Financial Group lowered their price objective on shares of Varonis Systems from $60.00 to $50.00 and set a "hold" rating for the company in a research report on Thursday, December 19th. JPMorgan Chase & Co. increased their price objective on shares of Varonis Systems from $59.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Finally, DA Davidson decreased their price target on shares of Varonis Systems from $50.00 to $47.00 and set a "neutral" rating for the company in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Varonis Systems has an average rating of "Moderate Buy" and an average target price of $59.38.

Varonis Systems Stock Down 1.1 %

Shares of Varonis Systems stock traded down $0.46 during trading on Thursday, hitting $43.09. 1,165,859 shares of the stock were exchanged, compared to its average volume of 1,989,126. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of -50.10 and a beta of 0.83. The firm's 50-day moving average price is $44.71 and its 200 day moving average price is $50.81. Varonis Systems, Inc. has a 12-month low of $39.62 and a 12-month high of $60.58. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 1.24.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released 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%. As a group, analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Varonis Systems declared that its Board of Directors has initiated a stock repurchase program on Monday, February 10th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board 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.