Arrowstreet Capital Limited Partnership Has $16.41 Million Stock Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Arrowstreet Capital Limited Partnership grew its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 28.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 369,317 shares of the technology company's stock after purchasing an additional 81,343 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.33% of Varonis Systems worth $16,409,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Cerity Partners LLC boosted its position in Varonis Systems by 57.9% in the third quarter. Cerity Partners LLC now owns 10,220 shares of the technology company's stock valued at $577,000 after buying an additional 3,747 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Varonis Systems by 11.3% in the 3rd quarter. Captrust Financial Advisors now owns 8,263 shares of the technology company's stock worth $467,000 after acquiring an additional 837 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in Varonis Systems during the 3rd quarter worth approximately $348,000. Point72 Asset Management L.P. bought a new stake in Varonis Systems during the 3rd quarter worth approximately $2,294,000. Finally, Soros Fund Management LLC acquired a new stake in Varonis Systems during the 3rd quarter valued at $2,865,000. Institutional investors own 95.65% of the company's stock.

Analyst Upgrades and Downgrades

VRNS has been the topic of a number of recent analyst reports. Citigroup reduced their price objective on Varonis Systems from $57.00 to $46.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. DA Davidson reduced their target price on shares of Varonis Systems from $50.00 to $47.00 and set a "neutral" rating on the stock in a research report on Thursday, December 12th. Wells Fargo & Company lowered their price target on shares of Varonis Systems from $48.00 to $46.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Wolfe Research raised Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 price objective on the stock in a report on Friday, March 28th. Finally, StockNews.com upgraded Varonis Systems from a "sell" rating to a "hold" rating in a report on Saturday, March 8th. Six 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. According to data from MarketBeat.com, Varonis Systems has a consensus rating of "Moderate Buy" and a consensus target price of $58.53.

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Varonis Systems Trading Down 5.2 %

Shares of NASDAQ VRNS traded down $2.12 during midday trading on Friday, reaching $38.36. 2,294,460 shares of the stock were exchanged, compared to its average volume of 1,483,556. Varonis Systems, Inc. has a 12 month low of $37.81 and a 12 month high of $60.58. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of -44.60 and a beta of 0.76. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50-day simple moving average of $42.29 and a two-hundred day simple moving average of $47.88.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.10) earnings per share 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, equities research analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Varonis Systems declared that its Board of Directors has authorized a share buyback plan on Monday, February 10th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy 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.

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.