Varonis Systems, Inc. (NASDAQ:VRNS) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS - Free Report) by 87.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,556 shares of the technology company's stock after buying an additional 17,961 shares during the quarter. Vontobel Holding Ltd.'s holdings in Varonis Systems were worth $1,713,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Varonis Systems by 445.3% in the third quarter. Farther Finance Advisors LLC now owns 518 shares of the technology company's stock valued at $29,000 after buying an additional 423 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Varonis Systems by 5,550.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,486 shares of the technology company's stock worth $140,000 after acquiring an additional 2,442 shares in the last quarter. Pacer Advisors Inc. increased 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 valued at $118,000 after acquiring an additional 603 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Varonis Systems during the 3rd quarter worth about $184,000. Finally, KBC Group NV lifted its stake in Varonis Systems by 25.5% during the third quarter. KBC Group NV now owns 3,263 shares of the technology company's stock worth $184,000 after purchasing an additional 663 shares during the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VRNS shares. Piper Sandler cut their price objective on shares of Varonis Systems from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Cantor Fitzgerald initiated coverage on shares of Varonis Systems in a research note on Thursday, January 9th. They set an "overweight" rating and a $60.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of Varonis Systems from $48.00 to $46.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Needham & Company LLC reiterated a "buy" rating and set a $67.00 target price on shares of Varonis Systems in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. boosted their target price on Varonis Systems from $59.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

Varonis Systems Stock Performance

Shares of Varonis Systems stock traded down $0.12 during trading hours on Friday, hitting $42.97. 1,115,155 shares of the company were exchanged, compared to its average volume of 1,963,431. 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 business has a 50-day moving average of $44.61 and a 200-day moving average of $50.75. Varonis Systems, Inc. has a 1 year low of $39.62 and a 1 year high of $60.58. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of -49.96 and a beta of 0.83.

Varonis Systems (NASDAQ:VRNS - Get Free Report) last announced 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 return on equity of 20.35% and a negative net margin of 17.38%. As a group, analysts expect that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Varonis Systems declared that its board has initiated a stock buyback program on Monday, February 10th that allows the company to buyback $100.00 million in outstanding 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 generally a sign that the company's management 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.