Occudo Quantitative Strategies LP Has $483,000 Stake in Varonis Systems, Inc. (NASDAQ:VRNS)

Occudo Quantitative Strategies LP grew its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 5.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,871 shares of the technology company’s stock after buying an additional 540 shares during the period. Occudo Quantitative Strategies LP’s holdings in Varonis Systems were worth $483,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Varonis Systems during the fourth quarter worth $36,000. Johnson Financial Group Inc. bought a new stake in shares of Varonis Systems during the fourth quarter worth $61,000. Transce3nd LLC bought a new stake in shares of Varonis Systems during the fourth quarter worth $62,000. New Age Alpha Advisors LLC bought a new position in shares of Varonis Systems in the 4th quarter valued at about $70,000. Finally, Pacer Advisors Inc. boosted its stake 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 purchasing an additional 603 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Stock Down 0.0%

NASDAQ:VRNS opened at $45.70 on Friday. Varonis Systems, Inc. has a 1 year low of $36.53 and a 1 year 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 stock has a market cap of $5.11 billion, a price-to-earnings ratio of -53.14 and a beta of 0.79. The stock has a 50-day moving average price of $41.73 and a two-hundred day moving average price of $44.82.

Varonis Systems (NASDAQ:VRNS) last posted its earnings results on Tuesday, May 6th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.26). Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.35%. The business had revenue of $136.42 million during the quarter, compared to analyst estimates of $133.10 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The firm’s revenue was up 19.6% on a year-over-year basis. As a group, equities analysts expect that Varonis Systems, Inc. will post -0.83 earnings per share for the current year.

Varonis Systems declared that its board has initiated a share repurchase plan on Monday, February 10th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VRNS. StockNews.com raised shares of Varonis Systems from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. UBS Group raised their target price on shares of Varonis Systems from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Citigroup reduced their target price 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. Needham & Company LLC reaffirmed a “buy” rating and set a $67.00 price objective on shares of Varonis Systems in a research note on Wednesday, February 5th. Finally, 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 note on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Varonis Systems currently has a consensus rating of “Moderate Buy” and an average price target of $55.06.

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.