Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by EVR Research LP

EVR Research LP lessened its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 75.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,000 shares of the technology company's stock after selling 221,000 shares during the period. Varonis Systems makes up 1.0% of EVR Research LP's holdings, making the stock its 24th biggest position. EVR Research LP owned approximately 0.06% of Varonis Systems worth $3,110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRNS. Captrust Financial Advisors lifted its holdings in Varonis Systems by 11.3% in the third quarter. Captrust Financial Advisors now owns 8,263 shares of the technology company's stock valued at $467,000 after acquiring an additional 837 shares during the period. Barclays PLC lifted its stake in shares of Varonis Systems by 10.0% in the 3rd quarter. Barclays PLC now owns 389,522 shares of the technology company's stock valued at $22,007,000 after purchasing an additional 35,274 shares during the period. Geode Capital Management LLC lifted its stake in shares of Varonis Systems by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,615,462 shares of the technology company's stock valued at $147,801,000 after purchasing an additional 29,050 shares during the period. Tidal Investments LLC acquired a new stake in Varonis Systems during the third quarter valued at $232,000. Finally, Franklin Resources Inc. increased its holdings in Varonis Systems by 14.5% in the third quarter. Franklin Resources Inc. now owns 39,785 shares of the technology company's stock valued at $2,383,000 after buying an additional 5,031 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

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Varonis Systems Trading Up 0.0 %

Shares of VRNS stock traded up $0.02 on Tuesday, hitting $41.68. 760,089 shares of the stock traded hands, compared to its average volume of 1,510,758. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.24 and a current ratio of 1.24. Varonis Systems, Inc. has a twelve month low of $36.53 and a twelve month high of $60.58. The firm's 50-day moving average price is $41.48 and its two-hundred day moving average price is $46.99. The stock has a market capitalization of $4.69 billion, a PE ratio of -48.46 and a beta of 0.76.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly 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 net margin of 17.38% and a negative return on equity of 20.35%. As a group, analysts anticipate that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Varonis Systems declared that its board has authorized a share buyback program on Monday, February 10th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

VRNS has been the topic of several recent analyst reports. Jefferies Financial Group lowered their target price on shares of Varonis Systems from $50.00 to $45.00 and set a "hold" rating on the stock in a research note on Monday, March 31st. StockNews.com lowered Varonis Systems from a "hold" rating to a "sell" rating in a report on Friday. Piper Sandler cut their price objective on Varonis Systems from $55.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Morgan Stanley assumed coverage on Varonis Systems in a research report on Tuesday, March 18th. They set an "overweight" rating on the stock. Finally, Wells Fargo & Company cut 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $57.76.

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.