Oberweis Asset Management Inc. Acquires 6,000 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Oberweis Asset Management Inc. boosted its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 145,800 shares of the technology company’s stock after acquiring an additional 6,000 shares during the period. Oberweis Asset Management Inc. owned 0.13% of Varonis Systems worth $6,478,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Varonis Systems by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 12,246,769 shares of the technology company’s stock worth $544,124,000 after purchasing an additional 193,210 shares during the period. First Trust Advisors LP boosted its holdings in Varonis Systems by 4.8% during the fourth quarter. First Trust Advisors LP now owns 2,501,581 shares of the technology company’s stock worth $111,145,000 after buying an additional 113,573 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Varonis Systems by 2.4% during the 4th 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 during the period. Pictet Asset Management Holding SA increased its stake in shares of Varonis Systems by 1.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,287,544 shares of the technology company’s stock valued at $101,636,000 after acquiring an additional 29,852 shares during the last quarter. Finally, Hood River Capital Management LLC increased its stake in shares of Varonis Systems by 12.3% in the 4th quarter. Hood River Capital Management LLC now owns 2,116,882 shares of the technology company’s stock valued at $94,053,000 after acquiring an additional 231,998 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $67.00 price objective on shares of Varonis Systems in a report on Wednesday, February 5th. Citigroup decreased their price target on shares of Varonis Systems from $57.00 to $46.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Wolfe Research upgraded shares of Varonis Systems from a “peer perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Friday, March 28th. StockNews.com lowered Varonis Systems from a “hold” rating to a “sell” rating in a report on Friday, April 11th. Finally, Barclays lowered their price target on Varonis Systems from $60.00 to $52.00 and set an “overweight” rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Varonis Systems has a consensus rating of “Moderate Buy” and an average price target of $57.11.

Varonis Systems Trading Up 0.9 %

Varonis Systems stock opened at $41.65 on Friday. The company has a market cap of $4.69 billion, a price-to-earnings ratio of -48.43 and a beta of 0.76. The firm has a 50-day moving average of $41.17 and a 200-day moving average of $46.28. 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 one year low of $36.53 and a one year high of $60.58.

Varonis Systems (NASDAQ:VRNS) last posted its quarterly earnings results 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%. On average, equities 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 share repurchase plan on Monday, February 10th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the technology company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally an indication 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.