38,790 Shares in Varonis Systems, Inc. (NASDAQ:VRNS) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in Varonis Systems, Inc. (NASDAQ:VRNS) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 38,790 shares of the technology company’s stock, valued at approximately $1,723,000. Varonis Systems makes up approximately 0.3% of Fox Run Management L.L.C.’s portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Virtue Capital Management LLC raised its holdings in shares of Varonis Systems by 2.3% in the 3rd quarter. Virtue Capital Management LLC now owns 16,264 shares of the technology company’s stock valued at $919,000 after purchasing an additional 364 shares in the last quarter. Bailard Inc. grew its position in shares of Varonis Systems by 0.4% during the fourth quarter. Bailard Inc. now owns 93,627 shares of the technology company’s stock worth $4,160,000 after acquiring an additional 417 shares during the last quarter. Arizona State Retirement System increased its stake in Varonis Systems by 1.3% in the fourth quarter. Arizona State Retirement System now owns 32,531 shares of the technology company’s stock valued at $1,445,000 after purchasing an additional 425 shares during the period. Hillsdale Investment Management Inc. raised its holdings in shares of Varonis Systems by 0.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 75,440 shares of the technology company’s stock valued at $3,352,000 after buying an additional 600 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Varonis Systems by 29.5% during the fourth 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. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VRNS has been the subject of a number of recent research reports. DA Davidson decreased their price objective on Varonis Systems from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, December 12th. Piper Sandler decreased their price target on Varonis Systems from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Morgan Stanley assumed coverage on shares of Varonis Systems in a research note on Tuesday. They issued an “overweight” rating on the stock. Citigroup reduced their target price on shares of Varonis Systems from $57.00 to $46.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Finally, Cantor Fitzgerald started 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. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.38.

Varonis Systems Stock Down 1.3 %

Shares of Varonis Systems stock opened at $41.00 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.24 and a quick ratio of 1.24. Varonis Systems, Inc. has a 1-year low of $39.11 and a 1-year high of $60.58. The business has a 50-day moving average of $43.05 and a 200-day moving average of $48.74. The company has a market capitalization of $4.61 billion, a PE ratio of -47.67 and a beta of 0.85.

Varonis Systems (NASDAQ:VRNS) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.10) earnings per share 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%. As a group, equities analysts forecast that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Varonis Systems announced that its board has initiated a stock repurchase plan on Monday, February 10th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors 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.