Jump Financial LLC Has $9.14 Million Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Jump Financial LLC increased its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 83.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,737 shares of the technology company's stock after buying an additional 93,619 shares during the quarter. Jump Financial LLC owned about 0.18% of Varonis Systems worth $9,141,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VRNS. William Blair Investment Management LLC increased its position in shares of Varonis Systems by 2.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,290,114 shares of the technology company's stock valued at $101,750,000 after buying an additional 52,971 shares in the last quarter. Barclays PLC lifted its holdings in Varonis Systems by 10.0% during the third 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 in the last quarter. Advantage Alpha Capital Partners LP lifted its holdings in Varonis Systems by 30.1% during the fourth quarter. Advantage Alpha Capital Partners LP now owns 90,881 shares of the technology company's stock valued at $4,038,000 after purchasing an additional 21,040 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Varonis Systems by 9.0% in the third quarter. Principal Financial Group Inc. now owns 1,783,873 shares of the technology company's stock valued at $100,789,000 after purchasing an additional 147,081 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Varonis Systems by 761.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,125,960 shares of the technology company's stock worth $50,026,000 after purchasing an additional 995,274 shares in the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and issued a $67.00 price objective on shares of Varonis Systems in a report on Wednesday, February 5th. Wolfe Research upgraded Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 price target for the company in a research report on Friday, March 28th. Cantor Fitzgerald started coverage on Varonis Systems in a research note on Thursday, January 9th. They issued an "overweight" rating and a $60.00 price objective for the company. Citigroup dropped their target price on shares of Varonis Systems from $57.00 to $46.00 and set a "neutral" rating for the company in a report on Friday, January 17th. Finally, Barclays lowered their price target on shares of Varonis Systems from $60.00 to $52.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Varonis Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.11.

Varonis Systems Price Performance

Shares of NASDAQ:VRNS traded down $0.77 on Monday, reaching $39.62. 78,438 shares of the company traded hands, compared to its average volume of 1,508,777. The stock has a market capitalization of $4.46 billion, a PE ratio of -46.07 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 company's 50 day moving average is $41.42 and its 200-day moving average is $46.58. Varonis Systems, Inc. has a fifty-two week low of $36.53 and a fifty-two week high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted 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%. As a group, analysts anticipate that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

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