1 week Ago By Defense World Staff
Alliancebernstein L.P. increased its position in Varonis Systems, Inc.
(NASDAQ:VRNS – Free Report) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,977 shares of the technology company’s stock after acquiring an additional 1,381 shares during the quarter.
Alliancebernstein L.P. owned about 0.
12% of Varonis Systems worth $6,175,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc.
raised its holdings in Varonis Systems by 1.6% during 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 period. Geode Capital Management LLC lifted its holdings in shares of Varonis Systems by 1.1% in the 3rd quarter.
Geode Capital Management LLC now owns 2,615,462 shares of the technology company’s stock valued at $147,801,000 after acquiring an additional 29,050 shares during the last quarter. William Blair Investment Management LLC increased 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 valued at $101,750,000 after purchasing an additional 52,971 shares during the last quarter. Pictet Asset Management Holding SA lifted its position 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 worth $101,636,000 after buying an additional 29,852 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Varonis Systems by 9.
0% during the third quarter. Principal Financial Group Inc. now owns 1,783,873 shares of the technology company’s stock worth $100,789,000 after buying an additional 147,081 shares during the period.
95.65% of the stock is owned by hedge funds and other institutional investors. Varonis Systems Price PerformanceNASDAQ VRNS opened at $41.
30 on Friday. The company has a market cap of $4.65 billion, a PE ratio of -48.
02 and a beta of 0.76. The firm’s 50 day moving average price is $41.
51 and its 200-day moving average price is $47.16. The company has a debt-to-equity ratio of 0.
99, a quick ratio of 1.24 and a current ratio of 1.24.
Varonis Systems, Inc. has a 52-week low of $36.53 and a 52-week high of $60.
58. Varonis Systems (NASDAQ:VRNS – Get Free Report) last announced its quarterly earnings results 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 net margin of 17.38% and a negative return on equity of 20.35%.
Sell-side analysts forecast that Varonis Systems, Inc. will post -0.83 EPS for the current fiscal year.
Varonis Systems declared that its Board of Directors has initiated a share repurchase program on Monday, February 10th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.
1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued. Analyst Upgrades and DowngradesSeveral equities research analysts have recently issued reports on the stock.
Needham & Company LLC restated a “buy” rating and issued a $67.00 target price on shares of Varonis Systems in a report on Wednesday, February 5th. Jefferies Financial Group decreased their price objective on shares of Varonis Systems from $50.
00 to $45.00 and set a “hold” rating for the company in a research note on Monday, March 31st. Citigroup cut their target price on Varonis Systems from $57.
00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. StockNews.
com lowered Varonis Systems from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Cantor Fitzgerald began coverage on Varonis Systems in a research report on Thursday, January 9th. They issued an “overweight” rating and a $60.
00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.
53.Check Out Our Latest Research Report on VRNSVaronis Systems Profile (Free Report)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.
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