Jump Financial LLC Acquires 93,619 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Jump Financial LLC increased its holdings in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 83.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 205,737 shares of the technology company’s stock after buying an additional 93,619 shares during the quarter. Jump Financial LLC owned 0.18% of Varonis Systems worth $9,141,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Summit Investment Advisors Inc. lifted its holdings in shares of Varonis Systems by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 11,534 shares of the technology company’s stock worth $512,000 after acquiring an additional 365 shares during the last quarter. Capital Fund Management S.A. lifted its stake in Varonis Systems by 169.5% in the 4th quarter. Capital Fund Management S.A. now owns 69,669 shares of the technology company’s stock valued at $3,095,000 after purchasing an additional 43,815 shares during the last quarter. Phoenix Financial Ltd. boosted its position in Varonis Systems by 34.0% in the fourth quarter. Phoenix Financial Ltd. now owns 1,138,578 shares of the technology company’s stock valued at $49,589,000 after buying an additional 288,657 shares in the last quarter. CenterBook Partners LP bought a new stake in shares of Varonis Systems during the fourth quarter worth $1,206,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Varonis Systems during the fourth quarter worth $21,860,000. 95.65% of the stock is owned by institutional investors and hedge funds.

Varonis Systems Stock Up 0.0 %

Shares of NASDAQ VRNS opened at $41.68 on Wednesday. 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 firm has a market cap of $4.69 billion, a PE ratio of -48.46 and a beta of 0.76. The company’s fifty day simple moving average is $41.51 and its 200 day simple moving average is $46.95. Varonis Systems, Inc. has a 12-month low of $36.53 and a 12-month high of $60.58.

Varonis Systems (NASDAQ:VRNS) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.24). Varonis Systems had a negative return on equity of 20.35% and a negative net margin of 17.38%. As a group, sell-side analysts forecast that Varonis Systems, Inc. will post -0.83 earnings per share for the current fiscal year.

Varonis Systems announced that its Board of Directors has approved a share buyback plan on Monday, February 10th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VRNS shares. Cantor Fitzgerald began coverage on Varonis Systems in a research report on Thursday, January 9th. They set an “overweight” rating and a $60.00 price objective on the stock. Citigroup reduced their price target on Varonis Systems from $57.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Barclays dropped their price objective on shares of Varonis Systems from $60.00 to $52.00 and set an “overweight” rating for the company in a report on Monday. StockNews.com lowered shares of Varonis Systems from a “hold” rating to a “sell” rating in a report on Friday, April 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $67.00 price target on shares of Varonis Systems in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Varonis Systems presently has an average rating of “Moderate Buy” and a consensus price target of $57.76.

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.