Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Has $17.59 Million Stake in Varonis Systems, Inc. (NASDAQ:VRNS)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. increased its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 395,820 shares of the technology company’s stock after purchasing an additional 1,073 shares during the period. Varonis Systems makes up approximately 2.1% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings, making the stock its 20th largest position. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings in Varonis Systems were worth $17,586,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new position in Varonis Systems during the fourth quarter worth about $56,561,000. Groupama Asset Managment acquired a new position in shares of Varonis Systems in the 4th quarter worth approximately $55,538,000. Deutsche Bank AG boosted its stake in Varonis Systems by 97.7% in the 4th quarter. Deutsche Bank AG now owns 1,338,452 shares of the technology company’s stock valued at $59,467,000 after buying an additional 661,436 shares in the last quarter. Two Sigma Advisers LP grew its position in Varonis Systems by 64.5% in the fourth quarter. Two Sigma Advisers LP now owns 1,380,200 shares of the technology company’s stock valued at $61,322,000 after acquiring an additional 541,000 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Varonis Systems by 11,353.2% during the fourth quarter. Renaissance Technologies LLC now owns 538,300 shares of the technology company’s stock worth $23,917,000 after acquiring an additional 533,600 shares in the last quarter. 95.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VRNS. Barclays decreased their price objective on shares of Varonis Systems from $60.00 to $52.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. UBS Group lifted their price objective on Varonis Systems from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. StockNews.com upgraded Varonis Systems from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. Jefferies Financial Group lowered their price target on shares of Varonis Systems from $50.00 to $45.00 and set a “hold” rating for the company in a report on Monday, March 31st. Finally, Wells Fargo & Company reduced their price objective on Varonis Systems from $48.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Varonis Systems presently has an average rating of “Moderate Buy” and an average price target of $55.06.

Varonis Systems Stock Performance

Shares of VRNS opened at $46.33 on Tuesday. Varonis Systems, Inc. has a one year low of $36.53 and a one year high of $60.58. The company has a market cap of $5.19 billion, a PE ratio of -53.87 and a beta of 0.79. The stock has a 50-day moving average of $41.99 and a 200-day moving average of $44.61. 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 (NASDAQ:VRNS) last released its quarterly 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). The company had revenue of $136.42 million for the quarter, compared to analyst estimates of $133.10 million. Varonis Systems had a negative net margin of 17.38% and a negative return on equity of 20.35%. Varonis Systems’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.03) EPS. On average, equities research analysts predict that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.

Varonis Systems declared that its board has authorized 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

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.