EFG Asset Management North America Corp. Has $4.25 Million Position in Varonis Systems, Inc. (NASDAQ:VRNS)

EFG Asset Management North America Corp. grew its holdings in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 91.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,769 shares of the technology company's stock after purchasing an additional 45,627 shares during the period. EFG Asset Management North America Corp. owned approximately 0.09% of Varonis Systems worth $4,254,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Varonis Systems by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 12,246,769 shares of the technology company's stock valued at $544,124,000 after purchasing an additional 193,210 shares during the period. Geode Capital Management LLC grew its position in Varonis Systems by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,615,462 shares of the technology company's stock valued at $147,801,000 after buying an additional 29,050 shares during the period. William Blair Investment Management LLC lifted its position in Varonis Systems by 2.4% during 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 in the last quarter. Principal Financial Group Inc. increased its holdings 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 worth $100,789,000 after acquiring an additional 147,081 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Varonis Systems by 761.6% during 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 buying an additional 995,274 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company's stock.

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Analyst Ratings Changes

VRNS has been the subject of a number of recent research reports. Morgan Stanley assumed coverage on shares of Varonis Systems in a research note on Tuesday, March 18th. They issued an "overweight" rating for the company. Wells Fargo & Company lowered their target price on Varonis Systems from $48.00 to $46.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Piper Sandler dropped 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 reduced their price target on Varonis Systems from $60.00 to $50.00 and set a "hold" rating on the stock in a research report on Thursday, December 19th. Finally, Citigroup decreased their price target 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. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $58.82.

Varonis Systems Stock Performance

NASDAQ:VRNS traded down $0.05 during midday trading on Friday, reaching $41.64. The stock had a trading volume of 1,056,128 shares, compared to its average volume of 1,473,849. Varonis Systems, Inc. has a 1-year low of $39.11 and a 1-year high of $60.58. 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 stock has a market capitalization of $4.69 billion, a P/E ratio of -48.42 and a beta of 0.85. The firm's fifty day simple moving average is $42.71 and its 200-day simple moving average is $48.33.

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

Varonis Systems declared that its board has approved a share repurchase program on Monday, February 10th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is 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.