Captrust Financial Advisors Buys 5,502 Shares of Varonis Systems, Inc. (NASDAQ:VRNS)

Captrust Financial Advisors boosted its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS) by 66.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,765 shares of the technology company’s stock after purchasing an additional 5,502 shares during the quarter. Captrust Financial Advisors’ holdings in Varonis Systems were worth $612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Varonis Systems by 10.0% in the third quarter. Barclays PLC now owns 389,522 shares of the technology company’s stock valued at $22,007,000 after buying an additional 35,274 shares during the last quarter. Franklin Resources Inc. raised its stake in Varonis Systems by 14.5% in the third quarter. Franklin Resources Inc. now owns 39,785 shares of the technology company’s stock valued at $2,383,000 after buying an additional 5,031 shares during the last quarter. Oak Ridge Investments LLC purchased a new stake in Varonis Systems in the fourth quarter valued at about $1,398,000. AMI Asset Management Corp raised its stake in Varonis Systems by 91.7% in the fourth quarter. AMI Asset Management Corp now owns 16,456 shares of the technology company’s stock valued at $731,000 after buying an additional 7,872 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Varonis Systems by 301.4% in the fourth quarter. SG Americas Securities LLC now owns 20,116 shares of the technology company’s stock valued at $894,000 after buying an additional 15,104 shares during the last quarter. Institutional investors own 95.65% of the company’s stock.

Varonis Systems Stock Up 1.4%

Shares of VRNS stock opened at $46.32 on Friday. The stock has a 50 day moving average of $41.87 and a 200 day moving average of $44.68. 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 $5.18 billion, a P/E ratio of -53.86 and a beta of 0.79. Varonis Systems, Inc. has a twelve month low of $36.53 and a twelve month high of $60.58.

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

Varonis Systems declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 10th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on VRNS shares. StockNews.com upgraded Varonis Systems from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. JPMorgan Chase & Co. decreased their price target on Varonis Systems from $55.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Barclays decreased their price target on Varonis Systems from $60.00 to $52.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. UBS Group increased their price target on Varonis Systems from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley decreased their price target on Varonis Systems from $54.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Varonis Systems has an average rating of “Moderate Buy” and an average target price 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.