CenterBook Partners LP boosted its stake in shares of Varonis Systems, Inc. (NASDAQ:VRNS – Free Report) by 843.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,327 shares of the technology company’s stock after purchasing an additional 73,603 shares during the period. CenterBook Partners LP’s holdings in Varonis Systems were worth $2,700,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Signaturefd LLC lifted its position in Varonis Systems by 47.8% during the fourth quarter. Signaturefd LLC now owns 995 shares of the technology company’s stock valued at $33,000 after purchasing an additional 322 shares in the last quarter. Allworth Financial LP lifted its position in Varonis Systems by 201.3% during the third quarter. Allworth Financial LP now owns 693 shares of the technology company’s stock valued at $40,000 after purchasing an additional 463 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Varonis Systems during the third quarter valued at $42,000. First Horizon Corp lifted its position in Varonis Systems by 121.7% during the fourth quarter. First Horizon Corp now owns 1,740 shares of the technology company’s stock valued at $57,000 after purchasing an additional 955 shares in the last quarter. Finally, CI Investments Inc. lifted its position in Varonis Systems by 48.5% during the third quarter. CI Investments Inc. now owns 1,050 shares of the technology company’s stock valued at $60,000 after purchasing an additional 343 shares in the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.
Varonis Systems Trading Down 1.7%
Shares of VRNS opened at $32.48 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 1.69. Varonis Systems, Inc. has a 1 year low of $19.70 and a 1 year high of $63.90. The company has a 50 day simple moving average of $27.19 and a two-hundred day simple moving average of $28.46. The firm has a market cap of $3.73 billion, a P/E ratio of -28.49 and a beta of 0.89.
Analysts Set New Price Targets
VRNS has been the topic of several analyst reports. Needham & Company LLC lifted their target price on Varonis Systems from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Stephens lifted their target price on Varonis Systems from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Wells Fargo & Company lifted their target price on Varonis Systems from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. KeyCorp initiated coverage on Varonis Systems in a research report on Tuesday, May 26th. They set a “sector weight” rating on the stock. Finally, Susquehanna lifted their target price on Varonis Systems from $30.00 to $36.00 and gave the company a “positive” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.35.
View Our Latest Stock 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.
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