Ieq Capital LLC Has $7.22 Million Stock Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Ieq Capital LLC raised its position in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,392 shares of the technology company's stock after purchasing an additional 7,615 shares during the period. Ieq Capital LLC owned approximately 0.14% of Varonis Systems worth $7,215,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRNS. Farther Finance Advisors LLC boosted its stake in shares of Varonis Systems by 445.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company's stock valued at $29,000 after purchasing an additional 423 shares in the last quarter. Pacer Advisors Inc. boosted its position in Varonis Systems by 29.5% in the fourth quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company's stock valued at $118,000 after buying an additional 603 shares in the last quarter. International Assets Investment Management LLC boosted its position in Varonis Systems by 5,550.0% in the third quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company's stock valued at $140,000 after buying an additional 2,442 shares in the last quarter. KBC Group NV grew its stake in shares of Varonis Systems by 25.5% during the third quarter. KBC Group NV now owns 3,263 shares of the technology company's stock worth $184,000 after buying an additional 663 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Varonis Systems during the third quarter worth $184,000. 95.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Varonis Systems from $59.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, October 28th. DA Davidson cut their price target on Varonis Systems from $50.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, December 12th. Needham & Company LLC reaffirmed a "buy" rating and issued a $67.00 price objective on shares of Varonis Systems in a research note on Wednesday, February 5th. Piper Sandler cut their target price on shares of Varonis Systems from $55.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Finally, Citigroup reduced their target price on shares of Varonis Systems from $57.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.38.

Varonis Systems Trading Down 0.3 %

VRNS traded down $0.12 during trading on Friday, reaching $42.97. 1,115,155 shares of the stock traded hands, compared to its average volume of 1,963,431. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. The stock's 50-day moving average is $44.61 and its 200 day moving average is $50.75. Varonis Systems, Inc. has a 12 month low of $39.62 and a 12 month high of $60.58. The stock has a market capitalization of $4.84 billion, a PE ratio of -49.96 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its 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 net margin of 17.38% and a negative return on equity of 20.35%. Equities analysts anticipate that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Varonis Systems declared that its board has initiated a share buyback plan on Monday, February 10th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are 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.