Oberweis Asset Management Inc. Has $6.48 Million Holdings in Varonis Systems, Inc. (NASDAQ:VRNS)

Oberweis Asset Management Inc. grew its position in Varonis Systems, Inc. (NASDAQ:VRNS) by 4.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 145,800 shares of the technology company’s stock after purchasing an additional 6,000 shares during the period. Oberweis Asset Management Inc.’s holdings in Varonis Systems were worth $6,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Varonis Systems by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 12,246,769 shares of the technology company’s stock valued at $544,124,000 after purchasing an additional 193,210 shares during the period. First Trust Advisors LP lifted its holdings in shares of Varonis Systems by 4.8% during the fourth quarter. First Trust Advisors LP now owns 2,501,581 shares of the technology company’s stock worth $111,145,000 after buying an additional 113,573 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Varonis Systems by 2.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,290,114 shares of the technology company’s stock valued at $101,750,000 after acquiring an additional 52,971 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of 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 valued at $101,636,000 after acquiring an additional 29,852 shares in the last quarter. Finally, Hood River Capital Management LLC increased its position in Varonis Systems by 12.3% during the fourth quarter. Hood River Capital Management LLC now owns 2,116,882 shares of the technology company’s stock worth $94,053,000 after acquiring an additional 231,998 shares during the period. Institutional investors own 95.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup decreased their target price on shares of Varonis Systems from $57.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. 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 target on the stock. Barclays dropped their price objective on Varonis Systems from $60.00 to $52.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Wolfe Research raised Varonis Systems from a “peer perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Friday, March 28th. Finally, Jefferies Financial Group dropped their price target on Varonis Systems from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $57.11.

Varonis Systems Trading Up 0.9 %

NASDAQ VRNS opened at $41.65 on Friday. The company has a market cap of $4.69 billion, a price-to-earnings ratio of -48.43 and a beta of 0.76. Varonis Systems, Inc. has a twelve month low of $36.53 and a twelve month high of $60.58. 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 business’s fifty day moving average is $41.17 and its 200 day moving average is $46.28.

Varonis Systems (NASDAQ:VRNS) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.10) 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%. As a group, sell-side analysts expect 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 stock buyback 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 often an indication that the company’s board believes its stock is undervalued.

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.