Peregrine Capital Management LLC Has $11.88 Million Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Peregrine Capital Management LLC boosted its stake in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,305 shares of the technology company's stock after acquiring an additional 12,555 shares during the quarter. Peregrine Capital Management LLC owned 0.24% of Varonis Systems worth $11,876,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in 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 acquiring an additional 29,050 shares in the last quarter. Principal Financial Group Inc. lifted its position in Varonis Systems by 9.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,783,873 shares of the technology company's stock valued at $100,789,000 after acquiring an additional 147,081 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Varonis Systems by 761.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,125,960 shares of the technology company's stock valued at $50,026,000 after acquiring an additional 995,274 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Varonis Systems by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 962,923 shares of the technology company's stock valued at $54,405,000 after acquiring an additional 59,218 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in Varonis Systems by 46.7% in the 3rd quarter. Two Sigma Advisers LP now owns 839,200 shares of the technology company's stock valued at $47,415,000 after acquiring an additional 267,000 shares in the last quarter. 95.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on VRNS shares. Citigroup cut their price objective on shares of Varonis Systems from $57.00 to $46.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. boosted their price target on shares of Varonis Systems from $59.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Jefferies Financial Group cut their price target on shares of Varonis Systems from $60.00 to $50.00 and set a "hold" rating on the stock in a research report on Thursday, December 19th. Needham & Company LLC reissued a "buy" rating and set a $67.00 price target on shares of Varonis Systems in a research report on Wednesday, February 5th. Finally, DA Davidson cut their price target on shares of Varonis Systems from $50.00 to $47.00 and set a "neutral" rating on the stock in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $59.38.

Varonis Systems Stock Performance

Shares of Varonis Systems stock traded down $0.12 during trading on Friday, hitting $42.97. 1,115,155 shares of the stock were exchanged, compared to its average volume of 1,963,431. Varonis Systems, Inc. has a 1-year low of $39.62 and a 1-year high of $60.58. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of -49.96 and a beta of 0.83. The company has a fifty day moving average price of $44.61 and a 200-day moving average price of $50.75. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.99.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced its quarterly 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%. As a group, equities analysts predict that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

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