Peregrine Capital Management LLC increased its holdings in Varonis Systems, Inc. (NASDAQ:VRNS – Free Report) by 15.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,153 shares of the technology company’s stock after buying an additional 42,786 shares during the period. Peregrine Capital Management LLC’s holdings in Varonis Systems were worth $7,003,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Varonis Systems by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 13,418,273 shares of the technology company’s stock worth $440,119,000 after acquiring an additional 822,925 shares during the last quarter. First Trust Advisors LP grew its position in shares of Varonis Systems by 40.6% in the fourth quarter. First Trust Advisors LP now owns 4,427,245 shares of the technology company’s stock valued at $145,214,000 after purchasing an additional 1,279,002 shares during the last quarter. RGM Capital LLC grew its position in shares of Varonis Systems by 17.1% in the fourth quarter. RGM Capital LLC now owns 3,160,093 shares of the technology company’s stock valued at $103,651,000 after purchasing an additional 460,580 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Varonis Systems by 43.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,123,056 shares of the technology company’s stock worth $67,029,000 after purchasing an additional 944,676 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Varonis Systems by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 2,833,180 shares of the technology company’s stock worth $92,943,000 after purchasing an additional 151,961 shares in the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.
Varonis Systems Stock Down 0.2%
VRNS opened at $41.89 on Thursday. The company has a market cap of $4.81 billion, a PE ratio of -36.75 and a beta of 0.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.69 and a current ratio of 1.69. Varonis Systems, Inc. has a 1 year low of $19.70 and a 1 year high of $63.90. The firm has a 50 day moving average price of $31.49 and a 200 day moving average price of $28.90.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on VRNS shares. William Blair reaffirmed a “market perform” rating on shares of Varonis Systems in a research note on Monday, March 23rd. Stephens raised Varonis Systems from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $33.00 to $45.00 in a report on Wednesday, June 24th. Rosenblatt Securities assumed coverage on Varonis Systems in a research report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 price objective on the stock. Citigroup increased their price objective on Varonis Systems from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, DA Davidson lifted their price objective on Varonis Systems from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.15.
Read Our Latest Report on Varonis Systems
Varonis Systems Profile
Varonis Systems is a cybersecurity firm specializing in the protection and management of unstructured data. The company’s flagship Data Security Platform provides advanced analytics for monitoring file systems, email servers, collaboration platforms and cloud storage. By continuously mapping and analyzing data permissions and user behavior, Varonis enables organizations to detect insider threats, verify compliance and remediate exposed data in real time.
Founded in 2005 and headquartered in New York City, Varonis serves a diverse global customer base across financial services, healthcare, media, manufacturing and government.
Featured Articles
- Five stocks we like better than Varonis Systems
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Want to see what other hedge funds are holding VRNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Varonis Systems, Inc. (NASDAQ:VRNS – Free Report).
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.
