Quantbot Technologies LP Buys 95,545 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Quantbot Technologies LP increased its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 84.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,216 shares of the technology company's stock after buying an additional 95,545 shares during the quarter. Quantbot Technologies LP owned 0.19% of Varonis Systems worth $9,295,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC grew its holdings 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 worth $147,801,000 after buying an additional 29,050 shares in the last quarter. William Blair Investment Management LLC grew its holdings 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 worth $101,750,000 after buying an additional 52,971 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Varonis Systems by 9.0% during the third quarter. Principal Financial Group Inc. now owns 1,783,873 shares of the technology company's stock worth $100,789,000 after buying an additional 147,081 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Varonis Systems by 761.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,125,960 shares of the technology company's stock worth $50,026,000 after buying an additional 995,274 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Varonis Systems by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 971,844 shares of the technology company's stock worth $43,179,000 after buying an additional 8,921 shares in the last quarter. Institutional investors own 95.65% of the company's stock.

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Varonis Systems Stock Performance

Shares of VRNS stock traded up $0.06 on Tuesday, hitting $41.51. 1,607,019 shares of the stock were exchanged, compared to its average volume of 1,399,532. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $4.67 billion, a PE ratio of -48.27 and a beta of 0.85. Varonis Systems, Inc. has a one year low of $38.85 and a one year high of $60.58. The firm's 50 day moving average is $43.28 and its two-hundred day moving average is $49.05.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate 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%. Sell-side analysts expect 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 approved a stock repurchase program on Monday, February 10th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 2.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald assumed coverage on Varonis Systems in a report on Thursday, January 9th. They set an "overweight" rating and a $60.00 price target for the company. Wells Fargo & Company cut their price objective on 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. Needham & Company LLC reissued a "buy" rating and issued a $67.00 price objective on shares of Varonis Systems in a research report on Wednesday, February 5th. Morgan Stanley started coverage on Varonis Systems in a research report on Tuesday. They issued an "overweight" rating on the stock. Finally, Piper Sandler cut 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. Six investment 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 stock. Based on data from MarketBeat.com, Varonis Systems currently has an average rating of "Moderate Buy" and an average price target of $59.38.

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.