Varonis Systems, Inc. (NASDAQ:VRNS) Holdings Lifted by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG increased its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 43.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,609 shares of the technology company's stock after buying an additional 14,471 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Varonis Systems were worth $2,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new position in Varonis Systems during the 4th quarter worth approximately $70,000. Pacer Advisors Inc. lifted its position in shares of Varonis Systems by 29.5% during the fourth quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company's stock worth $118,000 after purchasing an additional 603 shares in the last quarter. Atom Investors LP acquired a new stake in Varonis Systems during the 3rd quarter valued at $224,000. Tidal Investments LLC purchased a new stake in Varonis Systems during the 3rd quarter worth $232,000. Finally, R Squared Ltd purchased a new position in Varonis Systems in the 4th quarter valued at about $194,000. Hedge funds and other institutional investors own 95.65% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on VRNS. Jefferies Financial Group reduced their price target on Varonis Systems from $50.00 to $45.00 and set a "hold" rating for the company in a report on Monday, March 31st. DA Davidson reduced their target price on Varonis Systems from $50.00 to $47.00 and set a "neutral" rating for the company in a research note on Thursday, December 12th. StockNews.com upgraded shares of Varonis Systems from a "sell" rating to a "hold" rating in a research note on Saturday, March 8th. Needham & Company LLC reissued a "buy" rating and issued a $67.00 target price on shares of Varonis Systems in a research report on Wednesday, February 5th. Finally, Citigroup decreased their price target on Varonis Systems from $57.00 to $46.00 and set a "neutral" rating for the company in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $58.53.

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Varonis Systems Price Performance

Shares of Varonis Systems stock traded down $2.12 on Friday, hitting $38.36. The company had a trading volume of 2,294,460 shares, compared to its average volume of 1,483,556. The company has a market cap of $4.32 billion, a PE 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. Varonis Systems, Inc. has a 52 week low of $37.81 and a 52 week high of $60.58. The business has a 50-day simple moving average of $42.29 and a 200-day simple moving average of $47.88.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced 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%. Research analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Varonis Systems announced that its board has approved a share repurchase plan on Monday, February 10th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

About Varonis Systems

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.