2 weeks Ago By Defense World Staff
Charles Schwab Investment Management Inc. increased its holdings in Varonis Systems, Inc. ( NASDAQ:VRNS – Free Report ) by 0.
9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 971,844 shares of the technology company’s stock after acquiring an additional 8,921 shares during the quarter. Charles Schwab Investment Management Inc.
owned approximately 0.86% of Varonis Systems worth $43,179,000 at the end of the most recent quarter. Other institutional investors have also modified their holdings of the company.
Assenagon Asset Management S.A. boosted its position in shares of Varonis Systems by 761.
6% in the 4th quarter. Assenagon Asset Management S.A.
now owns 1,125,960 shares of the technology company’s stock worth $50,026,000 after buying an additional 995,274 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Varonis Systems by 46.7% during the 3rd quarter.
Two Sigma Advisers LP now owns 839,200 shares of the technology company’s stock worth $47,415,000 after purchasing an additional 267,000 shares during the period. Thematics Asset Management grew its holdings in shares of Varonis Systems by 40.2% during the 3rd quarter.
Thematics Asset Management now owns 530,000 shares of the technology company’s stock worth $29,945,000 after purchasing an additional 152,000 shares during the period. Principal Financial Group Inc. boosted its holdings in Varonis Systems by 9.
0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,783,873 shares of the technology company’s stock worth $100,789,000 after acquiring an additional 147,081 shares during the period.
Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Varonis Systems by 97.8% in the 3rd quarter.
Connor Clark & Lunn Investment Management Ltd. now owns 251,516 shares of the technology company’s stock worth $14,211,000 after acquiring an additional 124,368 shares during the period. 95.
65% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several equities research analysts recently issued reports on VRNS shares. DA Davidson dropped their price target on Varonis Systems from $50.
00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, December 12th. Needham & Company LLC reissued a “buy” rating and issued a $67.
00 price objective on shares of Varonis Systems in a research note on Wednesday, February 5th. Citigroup cut their price target on Varonis Systems from $57.00 to $46.
00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company cut their price objective on Varonis Systems from $48.00 to $46.
00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group lowered their target price on Varonis Systems from $60.00 to $50.
00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.38. Varonis Systems Trading Up 2.
2 % Shares of VRNS stock opened at $40.01 on Friday. 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, Inc. has a 1 year low of $39.11 and a 1 year high of $60.
58. The firm has a fifty day moving average price of $43.35 and a 200-day moving average price of $49.
26. The company has a market cap of $4.50 billion, a price-to-earnings ratio of -46.
52 and a beta of 0.85. Varonis Systems ( NASDAQ:VRNS – Get Free Report ) last posted 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 return on equity of 20.35% and a negative net margin of 17.
38%. As a group, equities analysts predict 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 buyback program 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 programs are usually an indication that the company’s management believes its stock is undervalued.
About Varonis Systems ( 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. Further Reading Five stocks we like better than Varonis Systems The Basics of Support and Resistance Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead Why Invest in 5G? How to Invest in 5G Stocks How Super Micro Computer Stock Is Defying the Market Sell-Off What is the Hang Seng index? AppLovin vs.
HPE: Which Tech Stock Can Bounce Back Faster? Receive News & Ratings for Varonis Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Varonis Systems and related companies with MarketBeat.com's FREE daily email newsletter ..
