Advantage Alpha Capital Partners LP Grows Stock Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Advantage Alpha Capital Partners LP boosted its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 30.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 90,881 shares of the technology company's stock after acquiring an additional 21,040 shares during the period. Advantage Alpha Capital Partners LP owned 0.08% of Varonis Systems worth $4,038,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in shares of Varonis Systems by 29.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company's stock worth $118,000 after purchasing an additional 603 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Varonis Systems in the third quarter valued at $184,000. R Squared Ltd acquired a new position in shares of Varonis Systems during the fourth quarter valued at about $194,000. KBC Group NV increased its position in shares of Varonis Systems by 45.6% during the fourth quarter. KBC Group NV now owns 4,751 shares of the technology company's stock worth $211,000 after acquiring an additional 1,488 shares in the last quarter. Finally, Atom Investors LP acquired a new stake in shares of Varonis Systems in the 3rd quarter worth about $224,000. Institutional investors own 95.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup cut their price target on Varonis Systems from $57.00 to $46.00 and set a "neutral" rating for the company in a research note on Friday, January 17th. DA Davidson decreased their price target on Varonis Systems from $50.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, December 12th. Jefferies Financial Group lowered their price target on Varonis Systems from $60.00 to $50.00 and set a "hold" rating for the company in a research report on Thursday, December 19th. StockNews.com raised shares of Varonis Systems from a "sell" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Piper Sandler lowered their target price on shares of Varonis Systems from $55.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Six equities research 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $58.82.

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Varonis Systems Stock Performance

Varonis Systems stock traded down $0.05 during trading on Friday, hitting $41.64. The stock had a trading volume of 1,056,128 shares, compared to its average volume of 1,473,849. The stock's 50 day moving average is $42.71 and its two-hundred day moving average is $48.35. Varonis Systems, Inc. has a 1 year low of $39.11 and a 1 year high of $60.58. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of -48.42 and a beta of 0.85. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.99.

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 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%. As a group, analysts predict that Varonis Systems, Inc. will post -0.83 EPS for the current year.

Varonis Systems declared that its Board of Directors has authorized 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 buy up to 2.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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.