Semanteon Capital Management LP Has $1.44 Million Stake in Varonis Systems, Inc. (NASDAQ:VRNS)

Semanteon Capital Management LP grew its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 63.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,442 shares of the technology company's stock after purchasing an additional 12,599 shares during the quarter. Semanteon Capital Management LP's holdings in Varonis Systems were worth $1,441,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Quantbot Technologies LP grew its holdings in Varonis Systems by 61.4% during the 3rd quarter. Quantbot Technologies LP now owns 113,671 shares of the technology company's stock worth $6,422,000 after acquiring an additional 43,258 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Varonis Systems during the third quarter worth $1,872,000. William Blair Investment Management LLC increased its holdings in 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 purchasing an additional 52,971 shares during the last quarter. Barclays PLC increased its holdings in Varonis Systems by 10.0% in 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 during the last quarter. Finally, Citigroup Inc. lifted its stake in Varonis Systems by 88.4% in the third quarter. Citigroup Inc. now owns 105,429 shares of the technology company's stock valued at $5,957,000 after buying an additional 49,472 shares during the period. Institutional investors and hedge funds own 95.65% of the company's stock.

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Varonis Systems Stock Up 1.6 %

Shares of VRNS traded up $0.66 during mid-day trading on Tuesday, hitting $42.04. 1,835,102 shares of the company's stock were exchanged, compared to its average volume of 1,407,297. The company has a 50-day simple moving average of $42.99 and a 200 day simple moving average of $48.57. 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 has a market cap of $4.73 billion, a PE ratio of -48.88 and a beta of 0.85. Varonis Systems, Inc. has a 52 week low of $39.11 and a 52 week high of $60.58.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its quarterly earnings results 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 net margin of 17.38% and a negative return on equity of 20.35%. On average, research analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. 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 target for the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $67.00 target price on shares of Varonis Systems in a research note on Wednesday, February 5th. Wells Fargo & Company reduced their price target on shares of Varonis Systems from $48.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. DA Davidson decreased their price target on shares of Varonis Systems from $50.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, December 12th. Finally, Citigroup dropped their price objective on Varonis Systems from $57.00 to $46.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Varonis Systems has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

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.