Nebula Research & Development LLC Purchases 6,826 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Nebula Research & Development LLC boosted its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 83.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,018 shares of the technology company’s stock after purchasing an additional 6,826 shares during the period. Nebula Research & Development LLC’s holdings in Varonis Systems were worth $667,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Varonis Systems by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 12,246,769 shares of the technology company’s stock valued at $544,124,000 after acquiring an additional 193,210 shares during the last quarter. First Trust Advisors LP boosted its stake in Varonis Systems by 4.8% in the fourth quarter. First Trust Advisors LP now owns 2,501,581 shares of the technology company’s stock valued at $111,145,000 after acquiring an additional 113,573 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Varonis Systems by 2.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,290,114 shares of the technology company’s stock valued at $101,750,000 after acquiring an additional 52,971 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Varonis Systems by 1.3% in the fourth 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 boosted its stake in Varonis Systems by 12.3% in the fourth 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. 95.65% of the stock is owned by institutional investors.

Varonis Systems Price Performance

Shares of NASDAQ:VRNS opened at $42.21 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. The stock has a market cap of $4.72 billion, a PE ratio of -49.08 and a beta of 0.76. The company’s fifty day moving average is $41.10 and its 200 day moving average is $45.89. Varonis Systems, Inc. has a 52 week low of $36.53 and a 52 week high of $60.58.

Varonis Systems (NASDAQ:VRNS) last released its 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%. Research analysts anticipate that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Varonis Systems announced that its board has authorized a share repurchase plan 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 shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

VRNS has been the topic of a number of recent research reports. Morgan Stanley dropped their price target on shares of Varonis Systems from $54.00 to $46.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Piper Sandler dropped their price target on shares of Varonis Systems from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Jefferies Financial Group dropped their price target on shares of Varonis Systems from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. Citigroup dropped their price target on shares of Varonis Systems from $57.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Varonis Systems from $55.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

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.