88,453 Shares in Varonis Systems, Inc. (NASDAQ:VRNS) Purchased by Marshall Wace LLP

Marshall Wace LLP purchased a new position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 88,453 shares of the technology company's stock, valued at approximately $3,930,000. Marshall Wace LLP owned approximately 0.08% of Varonis Systems at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRNS. Barclays PLC grew its position in Varonis Systems by 10.0% during the 3rd quarter. Barclays PLC now owns 389,522 shares of the technology company's stock worth $22,007,000 after acquiring an additional 35,274 shares during the last quarter. Tidal Investments LLC bought a new position in Varonis Systems during the 3rd quarter worth approximately $232,000. Franklin Resources Inc. grew its position in Varonis Systems by 14.5% during the 3rd quarter. Franklin Resources Inc. now owns 39,785 shares of the technology company's stock worth $2,383,000 after acquiring an additional 5,031 shares during the last quarter. Principal Financial Group Inc. grew its position in Varonis Systems by 9.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,783,873 shares of the technology company's stock worth $100,789,000 after acquiring an additional 147,081 shares during the last quarter. Finally, Diversified Trust Co grew its position in Varonis Systems by 12.2% during the 4th quarter. Diversified Trust Co now owns 15,113 shares of the technology company's stock worth $671,000 after acquiring an additional 1,639 shares during the last quarter. Hedge funds and other institutional investors own 95.65% of the company's stock.

Varonis Systems Stock Up 1.4 %

VRNS traded up $0.61 on Tuesday, hitting $42.82. 854,084 shares of the company were exchanged, compared to its average volume of 1,517,849. The company has a market cap of $4.79 billion, a price-to-earnings ratio of -49.79 and a beta of 0.76. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $41.10 and a two-hundred day moving average price of $45.89. Varonis Systems, Inc. has a twelve month low of $36.53 and a twelve month high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates 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%. On average, equities analysts predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays cut their price objective on Varonis Systems from $60.00 to $52.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Citigroup cut their price objective on Varonis Systems from $57.00 to $46.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. Piper Sandler cut their price objective on Varonis Systems from $55.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group cut their price objective on Varonis Systems from $50.00 to $45.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. dropped their price target on Varonis Systems from $55.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday. Six 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 MarketBeat.com, Varonis Systems has an average rating of "Moderate Buy" and an average price target of $56.00.

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.