Capital Fund Management S.A. Has $3.10 Million Stock Position in Varonis Systems, Inc. (NASDAQ:VRNS)

Capital Fund Management S.A. increased its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 169.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,669 shares of the technology company's stock after purchasing an additional 43,815 shares during the period. Capital Fund Management S.A. owned approximately 0.06% of Varonis Systems worth $3,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new stake in shares of Varonis Systems during the 4th quarter valued at about $70,000. Pacer Advisors Inc. raised its stake in shares of Varonis Systems by 29.5% during the 4th quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company's stock worth $118,000 after buying an additional 603 shares during the period. R Squared Ltd purchased a new position in shares of Varonis Systems during the 4th quarter valued at approximately $194,000. KBC Group NV grew its stake in Varonis Systems by 45.6% in the 4th quarter. KBC Group NV now owns 4,751 shares of the technology company's stock valued at $211,000 after acquiring an additional 1,488 shares during the period. Finally, Stoneridge Investment Partners LLC purchased a new stake in Varonis Systems in the 4th quarter worth $224,000. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Varonis Systems Stock Performance

NASDAQ:VRNS traded down $0.44 during mid-day trading on Friday, reaching $40.39. 819,623 shares of the stock were exchanged, compared to its average volume of 1,514,434. 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, Inc. has a 1 year low of $36.53 and a 1 year high of $60.58. The company has a 50 day simple moving average of $41.42 and a 200-day simple moving average of $46.58. The stock has a market capitalization of $4.55 billion, a P/E ratio of -46.96 and a beta of 0.76.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last posted its quarterly earnings data 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%. Analysts anticipate that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Varonis Systems declared that its Board of Directors has authorized a stock buyback plan on Monday, February 10th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barclays reduced their target price on Varonis Systems from $60.00 to $52.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Piper Sandler reduced their target price on shares of Varonis Systems from $55.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Cantor Fitzgerald initiated coverage on shares of Varonis Systems in a research report on Thursday, January 9th. They set an "overweight" rating and a $60.00 price target on the stock. Morgan Stanley decreased their price objective on Varonis Systems from $54.00 to $46.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, StockNews.com cut Varonis Systems from a "hold" rating to a "sell" rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $57.11.

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.