Varonis Systems, Inc. (NASDAQ:VRNS) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. cut its position in Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 99.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,352 shares of the technology company's stock after selling 938,952 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Varonis Systems were worth $105,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VRNS. Transce3nd LLC acquired a new stake in shares of Varonis Systems in the fourth quarter valued at approximately $62,000. New Age Alpha Advisors LLC acquired a new position in shares of Varonis Systems in the 4th quarter valued at $70,000. Pacer Advisors Inc. raised its position in Varonis Systems by 29.5% in the 4th quarter. Pacer Advisors Inc. now owns 2,645 shares of the technology company's stock valued at $118,000 after purchasing an additional 603 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Varonis Systems by 7.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,340 shares of the technology company's stock worth $193,000 after purchasing an additional 298 shares during the period. Finally, R Squared Ltd purchased a new position in Varonis Systems during the 4th quarter worth $194,000. Hedge funds and other institutional investors own 95.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Cantor Fitzgerald started coverage on shares of Varonis Systems in a report on Thursday, January 9th. They issued an "overweight" rating and a $60.00 target price for the company. Wells Fargo & Company decreased their price objective on Varonis Systems from $48.00 to $46.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Wolfe Research raised Varonis Systems from a "peer perform" rating to an "outperform" rating and set a $50.00 target price on the stock in a report on Friday, March 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $67.00 price target on shares of Varonis Systems in a report on Wednesday, February 5th. Finally, Barclays dropped their price objective on shares of Varonis Systems from $60.00 to $52.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $57.11.

Varonis Systems Trading Up 1.5 %

Shares of VRNS opened at $42.28 on Friday. Varonis Systems, Inc. has a twelve month low of $36.53 and a twelve month high of $60.58. 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 $4.76 billion, a P/E ratio of -49.16 and a beta of 0.76. The firm's 50-day moving average is $41.13 and its two-hundred day moving average is $46.10.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.10) earnings per share 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 predict that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

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

About Varonis Systems

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.

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