Varonis Systems, Inc. (NASDAQ:VRNS) Stock Holdings Lessened by Emerald Advisers LLC

Emerald Advisers LLC decreased its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 925,542 shares of the technology company's stock after selling 8,114 shares during the quarter. Varonis Systems comprises about 1.6% of Emerald Advisers LLC's investment portfolio, making the stock its 11th biggest position. Emerald Advisers LLC owned about 0.82% of Varonis Systems worth $41,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Varonis Systems by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 12,246,769 shares of the technology company's stock worth $544,124,000 after buying an additional 193,210 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Varonis Systems during the fourth quarter valued at about $1,723,000. KLP Kapitalforvaltning AS acquired a new stake in Varonis Systems during the fourth quarter worth about $1,026,000. Hillsdale Investment Management Inc. raised its holdings in shares of Varonis Systems by 0.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 75,440 shares of the technology company's stock worth $3,352,000 after purchasing an additional 600 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Varonis Systems by 13.0% in the 4th quarter. Sei Investments Co. now owns 217,516 shares of the technology company's stock worth $9,664,000 after purchasing an additional 24,949 shares during the period. Hedge funds and other institutional investors own 95.65% of the company's stock.

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Varonis Systems Stock Performance

NASDAQ VRNS remained flat at $41.69 during trading hours on Thursday. 746,549 shares of the company's stock were exchanged, compared to its average volume of 1,414,146. The stock has a market capitalization of $4.69 billion, a PE ratio of -48.48 and a beta of 0.85. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. Varonis Systems, Inc. has a 12-month low of $39.11 and a 12-month high of $60.58. The stock has a 50 day simple moving average of $42.77 and a 200 day simple moving average of $48.41.

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

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on VRNS shares. Morgan Stanley began coverage on shares of Varonis Systems in a research report on Tuesday, March 18th. They set an "overweight" rating for the company. Jefferies Financial Group dropped 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. StockNews.com upgraded shares of Varonis Systems from a "sell" rating to a "hold" rating in a report on Saturday, March 8th. Piper Sandler lowered their price target on Varonis Systems from $55.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Finally, 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. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $59.38.

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.